Marietta Wealth Management LLC Has $6.51 Million Stock Position in UnitedHealth Group Incorporated $UNH

Key Points

• Marietta Wealth Management LLC increased its stake in UnitedHealth Group by 10.5% in Q2, holding 20,872 shares valued at approximately $6.51 million.
• UnitedHealth Group reported $4.08 earnings per share for the last quarter, missing estimates and achieving a 12.9% year-over-year revenue growth with $111.62 billion in total revenue.
• The company recently declared a quarterly dividend of $2.21 per share, representing a yield of 2.5% with a payout ratio of 38.30%.

Marietta Wealth Management LLC boosted its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 10.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 20,872 shares of the healthcare conglomerate's stock after purchasing an additional 1,983 shares during the period. Marietta Wealth Management LLC's holdings in UnitedHealth Group were worth $6,511,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of UnitedHealth Group by 6.6% during the first quarter. Vanguard Group Inc. now owns 90,729,585 shares of the healthcare conglomerate's stock worth $47,519,620,000 after purchasing an additional 5,583,343 shares during the period. Wellington Management Group LLP increased its stake in shares of UnitedHealth Group by 10.6% during the first quarter. Wellington Management Group LLP now owns 25,847,940 shares of the healthcare conglomerate's stock worth $13,537,859,000 after purchasing an additional 2,486,839 shares during the period. Bank of New York Mellon Corp increased its stake in shares of UnitedHealth Group by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 8,128,174 shares of the healthcare conglomerate's stock worth $4,257,131,000 after purchasing an additional 196,696 shares during the period. Nuveen LLC acquired a new stake in shares of UnitedHealth Group in the first quarter valued at approximately $3,846,764,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UnitedHealth Group by 13.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,070,385 shares of the healthcare conglomerate's stock valued at $3,702,736,000 after buying an additional 847,054 shares in the last quarter. Institutional investors own 87.86% of the company's stock.

UnitedHealth Group Stock Performance

NYSE UNH opened at $360.17 on Friday. The firm's fifty day moving average price is $307.84 and its two-hundred day moving average price is $354.55. The stock has a market cap of $326.20 billion, a PE ratio of 15.61, a PEG ratio of 2.34 and a beta of 0.47. UnitedHealth Group Incorporated has a fifty-two week low of $234.60 and a fifty-two week high of $630.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share for the quarter, missing analysts' consensus estimates of $4.45 by ($0.37). UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The company had revenue of $111.62 billion for the quarter, compared to the consensus estimate of $111.75 billion. During the same period in the previous year, the firm posted $6.80 EPS. The business's quarterly revenue was up 12.9% compared to the same quarter last year. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. On average, equities analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 15th were paid a $2.21 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. UnitedHealth Group's payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UNH shares. Piper Sandler dropped their price target on shares of UnitedHealth Group from $353.00 to $317.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $440.00 price target on shares of UnitedHealth Group in a research report on Tuesday, August 26th. Bank of America lifted their price target on shares of UnitedHealth Group from $290.00 to $325.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Barclays boosted their price objective on shares of UnitedHealth Group from $337.00 to $352.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Finally, Robert W. Baird restated an "underperform" rating and set a $198.00 price objective (down from $312.00) on shares of UnitedHealth Group in a research report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, UnitedHealth Group has an average rating of "Hold" and an average target price of $358.95.

UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.