First Hawaiian Bank Increases Stock Position in HCA Healthcare, Inc. (NYSE:HCA)

First Hawaiian Bank boosted its holdings in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 55.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,999 shares of the company's stock after buying an additional 2,849 shares during the quarter. First Hawaiian Bank's holdings in HCA Healthcare were worth $2,764,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in HCA Healthcare in the fourth quarter valued at $31,000. Tidemark LLC purchased a new stake in HCA Healthcare in the 4th quarter worth $36,000. Activest Wealth Management increased its stake in shares of HCA Healthcare by 1,250.0% during the fourth quarter. Activest Wealth Management now owns 135 shares of the company's stock worth $40,000 after purchasing an additional 125 shares in the last quarter. Legacy Investment Solutions LLC increased its stake in shares of HCA Healthcare by 99.0% during the fourth quarter. Legacy Investment Solutions LLC now owns 191 shares of the company's stock worth $62,000 after purchasing an additional 95 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in HCA Healthcare during the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HCA. Baird R W cut HCA Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Guggenheim started coverage on shares of HCA Healthcare in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Royal Bank of Canada dropped their price objective on shares of HCA Healthcare from $384.00 to $376.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded HCA Healthcare from a "hold" rating to a "buy" rating in a research report on Monday, April 28th. Finally, Robert W. Baird restated a "neutral" rating and issued a $336.00 target price (down from $396.00) on shares of HCA Healthcare in a report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, HCA Healthcare presently has an average rating of "Moderate Buy" and a consensus target price of $385.47.

HCA Healthcare Trading Up 0.7%

Shares of HCA traded up $2.64 during midday trading on Friday, hitting $381.29. 2,556,375 shares of the stock were exchanged, compared to its average volume of 1,440,469. The stock has a fifty day simple moving average of $351.28 and a 200 day simple moving average of $330.31. HCA Healthcare, Inc. has a 52-week low of $289.98 and a 52-week high of $417.14. The firm has a market cap of $91.73 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.10 and a beta of 1.46. The company has a debt-to-equity ratio of 69.07, a quick ratio of 0.97 and a current ratio of 1.08.

HCA Healthcare (NYSE:HCA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $6.45 EPS for the quarter, beating the consensus estimate of $5.75 by $0.70. HCA Healthcare had a net margin of 8.16% and a return on equity of 586.47%. The business had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.26 billion. During the same quarter last year, the firm posted $5.36 earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that HCA Healthcare, Inc. will post 24.98 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, June 16th. HCA Healthcare's payout ratio is presently 12.81%.

Insider Activity

In related news, COO Jon M. Foster sold 15,698 shares of HCA Healthcare stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $369.32, for a total value of $5,797,585.36. Following the completion of the transaction, the chief operating officer now owns 12,646 shares in the company, valued at $4,670,420.72. The trade was a 55.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.

HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.