King Wealth Management Group Buys New Position in HCA Healthcare, Inc. (NYSE:HCA)

Key Points

• King Wealth Management Group has acquired a new stake in HCA Healthcare, Inc., purchasing 1,000 shares valued at approximately $346,000.
• HCA Healthcare reported a quarterly earnings per share (EPS) of $6.84, exceeding expectations of $6.20, with revenues reaching $18.61 billion.
• The company has announced a quarterly dividend of $0.72 per share, representing a 0.81% dividend yield with a payout ratio of 12.11%.

King Wealth Management Group acquired a new position in HCA Healthcare, Inc. (NYSE:HCA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the company's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HCA. Brown Advisory Inc. grew its stake in HCA Healthcare by 53.9% in the 1st quarter. Brown Advisory Inc. now owns 4,630 shares of the company's stock valued at $1,600,000 after buying an additional 1,622 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of HCA Healthcare by 26.9% in the first quarter. Farther Finance Advisors LLC now owns 1,141 shares of the company's stock valued at $395,000 after acquiring an additional 242 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of HCA Healthcare by 2.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,314 shares of the company's stock valued at $1,491,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of HCA Healthcare by 17.6% in the first quarter. GAMMA Investing LLC now owns 4,931 shares of the company's stock valued at $1,704,000 after acquiring an additional 737 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of HCA Healthcare by 145.3% in the first quarter. J.W. Cole Advisors Inc. now owns 3,550 shares of the company's stock valued at $1,227,000 after acquiring an additional 2,103 shares in the last quarter. 62.73% of the stock is owned by institutional investors.

HCA Healthcare Stock Up 0.8%

NYSE HCA traded up $2.85 during mid-day trading on Friday, hitting $356.84. The company's stock had a trading volume of 1,369,756 shares, compared to its average volume of 1,559,973. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 69.07. The company's 50 day simple moving average is $370.66 and its 200 day simple moving average is $347.13. HCA Healthcare, Inc. has a twelve month low of $289.98 and a twelve month high of $417.14. The firm has a market capitalization of $85.84 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.11 and a beta of 1.39.

HCA Healthcare (NYSE:HCA - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $6.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.20 by $0.64. The business had revenue of $18.61 billion for the quarter, compared to analysts' expectations of $18.49 billion. HCA Healthcare had a negative return on equity of 7,363.11% and a net margin of 8.21%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.50 EPS. Analysts anticipate that HCA Healthcare, Inc. will post 24.98 earnings per share for the current year.

HCA Healthcare Announces Dividend

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

Insider Transactions at HCA Healthcare

In other HCA Healthcare news, COO Jon M. Foster sold 15,698 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $369.32, for a total value of $5,797,585.36. Following the completion of the sale, the chief operating officer owned 12,646 shares of the company's stock, valued at $4,670,420.72. This represents a 55.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HCA shares. Robert W. Baird reiterated a "neutral" rating and set a $336.00 price objective (down from $396.00) on shares of HCA Healthcare in a research note on Tuesday, April 15th. Wall Street Zen raised shares of HCA Healthcare from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Stephens raised shares of HCA Healthcare to a "strong-buy" rating in a report on Monday, June 2nd. Bank of America lowered shares of HCA Healthcare from a "buy" rating to a "neutral" rating and set a $394.00 price objective for the company. in a report on Wednesday, July 16th. Finally, Wolfe Research lowered shares of HCA Healthcare from an "outperform" rating to a "peer perform" rating in a report on Monday. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.46.

HCA Healthcare 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.