Maj Invest Holding A S Grows Stock Position in HCA Healthcare, Inc. $HCA

Key Points

• Maj Invest Holding A S increased its HCA Healthcare position by 34.8% in the second quarter, adding 60,011 shares to own 232,486 shares valued at approximately $90.6 million. Institutional investors collectively own 62.73% of HCA.
• Analysts maintain a generally positive outlook, with 14 Buy, eight Hold and one Sell rating. The consensus rating is “Moderate Buy,” with an average price target of $465.59, despite several recent target reductions.
• HCA reported quarterly EPS of $7.59 and revenue of $20.23 billion, exceeding estimates, while revenue grew 8.7% year over year. The company also announced a quarterly dividend of $0.78 per share, equivalent to a 0.8% annual yield.

Maj Invest Holding A S increased its holdings in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 34.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 232,486 shares of the company's stock after acquiring an additional 60,011 shares during the period. HCA Healthcare comprises 4.1% of Maj Invest Holding A S's portfolio, making the stock its 15th biggest position. Maj Invest Holding A S owned about 0.10% of HCA Healthcare worth $90,645,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HCA. Palisade Asset Management LLC purchased a new position in HCA Healthcare in the third quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in HCA Healthcare during the 4th quarter valued at about $31,000. Cedar Mountain Advisors LLC acquired a new stake in HCA Healthcare in the first quarter worth about $33,000. JPL Wealth Management LLC acquired a new position in shares of HCA Healthcare during the third quarter valued at about $33,000. Finally, MCF Advisors LLC boosted its stake in HCA Healthcare by 213.0% in the 4th quarter. MCF Advisors LLC now owns 72 shares of the company's stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 62.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HCA shares. Argus decreased their price target on shares of HCA Healthcare from $560.00 to $500.00 and set a "buy" rating for the company in a report on Monday, May 4th. TD Cowen reduced their target price on HCA Healthcare from $500.00 to $431.00 and set a "buy" rating for the company in a research note on Monday, June 22nd. Raymond James Financial set a $528.00 price target on HCA Healthcare in a research note on Tuesday, July 7th. Stephens decreased their target price on HCA Healthcare from $560.00 to $530.00 and set an "overweight" rating for the company in a report on Monday, April 27th. Finally, Oppenheimer cut their price target on shares of HCA Healthcare from $520.00 to $485.00 and set an "outperform" rating on the stock in a report on Monday, July 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, HCA Healthcare has a consensus rating of "Moderate Buy" and an average target price of $465.59.

HCA Healthcare Stock Up 1.0%

Shares of HCA opened at $412.80 on Friday. HCA Healthcare, Inc. has a 52 week low of $353.99 and a 52 week high of $556.52. The company 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. The stock's 50-day moving average price is $389.00 and its 200-day moving average price is $448.75.

HCA Healthcare (NYSE:HCA - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported $7.59 EPS for the quarter, topping the consensus estimate of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The business had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.76 billion. During the same quarter in the prior year, the firm posted $6.84 EPS. The business's quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that HCA Healthcare, Inc. will post 29.45 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.78 dividend. The ex-dividend date 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 is 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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