Deane Retirement Strategies Inc. Invests $4.80 Million in HCA Healthcare, Inc. $HCA

Key Points

• Deane Retirement Strategies acquired 12,298 HCA Healthcare shares worth approximately $4.8 million, making HCA 2% of its portfolio. Institutional investors collectively own 62.73% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $465.59, despite several recent target reductions.
• HCA exceeded quarterly expectations with $7.59 in earnings per share and $20.23 billion in revenue, while revenue increased 8.7% year over year. The company also declared a quarterly dividend of $0.78 per share, yielding 0.8% annually.

Deane Retirement Strategies Inc. acquired a new stake in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,298 shares of the company's stock, valued at approximately $4,796,000. HCA Healthcare comprises 2.0% of Deane Retirement Strategies Inc.'s investment portfolio, making the stock its 22nd biggest holding.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in HCA Healthcare during the 4th quarter valued at $1,262,513,000. Life Cycle Investment Partners Ltd purchased a new position in shares of HCA Healthcare during the fourth quarter valued at approximately $374,037,000. Viking Global Investors LP grew its position in HCA Healthcare by 58.5% in the 2nd quarter. Viking Global Investors LP now owns 1,872,133 shares of the company's stock valued at $717,214,000 after acquiring an additional 690,773 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in HCA Healthcare by 4,545.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663,337 shares of the company's stock valued at $309,686,000 after buying an additional 649,058 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of HCA Healthcare by 5,941.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 381,433 shares of the company's stock valued at $180,509,000 after acquiring an additional 375,119 shares in the last quarter. 62.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HCA has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their price target on HCA Healthcare from $588.00 to $525.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Mizuho dropped their target price on shares of HCA Healthcare from $525.00 to $475.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Wells Fargo & Company upped their price target on shares of HCA Healthcare from $369.00 to $381.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $476.00 target price on HCA Healthcare in a report on Monday, July 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $435.00 price target on shares of HCA Healthcare in a research report on Monday, July 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $465.59.

HCA Healthcare Price Performance

HCA Healthcare stock opened at $412.80 on Monday. The business has a fifty day moving average price of $389.00 and a 200-day moving average price of $448.60. HCA Healthcare, Inc. has a 1-year low of $353.99 and a 1-year high of $556.52. The stock has a market capitalization of $89.37 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.44 and a beta of 1.10.

HCA Healthcare (NYSE:HCA - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, topping the consensus estimate of $7.56 by $0.03. The business had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.76 billion. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $6.84 earnings per share. On average, equities research analysts anticipate that HCA Healthcare, Inc. will post 29.45 earnings per share for the current fiscal year.

HCA Healthcare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. HCA Healthcare's dividend payout ratio (DPR) is currently 10.45%.

HCA Healthcare Company Profile

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company's core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA's services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.

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