Goldman Sachs Group Inc. Has $615.58 Million Stake in HCA Healthcare, Inc. (NYSE:HCA)

Key Points

• Goldman Sachs Group Inc. has increased its stake in HCA Healthcare by 49.1%, acquiring an additional 587,036 shares, bringing its total ownership to approximately $615.6 million.
• HCA Healthcare reported earnings of $6.84 per share for the last quarter, exceeding estimates by $0.64, with a revenue of $18.61 billion and a net margin of 8.21%.
• The company announced a quarterly dividend of $0.72 per share, representing an annual yield of 0.8%, with the payment scheduled for September 30th.

Goldman Sachs Group Inc. boosted its position in HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 49.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,781,459 shares of the company's stock after purchasing an additional 587,036 shares during the quarter. Goldman Sachs Group Inc. owned about 0.74% of HCA Healthcare worth $615,583,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HCA. Avantax Advisory Services Inc. raised its position in shares of HCA Healthcare by 0.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,077 shares of the company's stock worth $2,791,000 after buying an additional 32 shares in the last quarter. Catalyst Financial Partners LLC raised its position in shares of HCA Healthcare by 4.3% during the 1st quarter. Catalyst Financial Partners LLC now owns 872 shares of the company's stock worth $301,000 after buying an additional 36 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of HCA Healthcare by 4.8% during the 1st quarter. Moors & Cabot Inc. now owns 858 shares of the company's stock worth $297,000 after buying an additional 39 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of HCA Healthcare by 2.3% during the 1st quarter. Perigon Wealth Management LLC now owns 1,797 shares of the company's stock worth $621,000 after buying an additional 40 shares in the last quarter. Finally, Barden Capital Management Inc. raised its holdings in shares of HCA Healthcare by 1.4% in the 1st quarter. Barden Capital Management Inc. now owns 2,921 shares of the company's stock worth $1,009,000 after purchasing an additional 41 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors.

HCA Healthcare Stock Up 2.3%

HCA traded up $8.51 on Friday, reaching $381.84. 1,015,992 shares of the company traded hands, compared to its average volume of 1,587,259. The company has a debt-to-equity ratio of 69.07, a current ratio of 0.98 and a quick ratio of 0.86. The company has a market cap of $89.35 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.17 and a beta of 1.39. HCA Healthcare, Inc. has a 52-week low of $289.98 and a 52-week high of $417.14. The stock's 50 day moving average price is $369.74 and its 200-day moving average price is $349.15.

HCA Healthcare (NYSE:HCA - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $6.84 EPS for the quarter, topping the consensus estimate of $6.20 by $0.64. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.49 billion. HCA Healthcare had a net margin of 8.21% and a negative return on equity of 7,363.11%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.50 earnings per share. On average, sell-side analysts expect that HCA Healthcare, Inc. will post 24.98 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 16th. HCA Healthcare's dividend payout ratio is currently 12.11%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HCA shares. Morgan Stanley dropped their target price on shares of HCA Healthcare from $410.00 to $400.00 and set an "equal weight" rating on the stock in a report on Monday, July 28th. Truist Financial boosted their target price on shares of HCA Healthcare from $390.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Stephens upgraded shares of HCA Healthcare to a "strong-buy" rating in a report on Monday, June 2nd. Wolfe Research lowered shares of HCA Healthcare from an "outperform" rating to a "peer perform" rating in a report on Monday, July 28th. Finally, Bank of America downgraded shares of HCA Healthcare from a "buy" rating to a "neutral" rating and set a $394.00 price target for the company. in a research report on Wednesday, July 16th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $395.69.

Insider Activity

In related news, COO Jon M. Foster sold 15,698 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $369.32, for a total transaction of $5,797,585.36. Following the completion of the sale, the chief operating officer directly owned 12,646 shares of the company's stock, valued at approximately $4,670,420.72. This represents a 55.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.