McKinley Carter Wealth Services Inc. Sells 683 Shares of UnitedHealth Group Incorporated $UNH

Key Points

• McKinley Carter Wealth Services Inc. reduced its stake in UnitedHealth Group by 3.5%, selling 683 shares and now holding 18,893 shares worth approximately $5.89 million.
• UnitedHealth Group's recent quarterly earnings revealed an EPS of $4.08, which fell short of the consensus estimate of $4.45, alongside a revenue of $111.62 billion.
• The company announced a quarterly dividend of $2.21, with a current dividend yield of 2.4% and a payout ratio of 38.30%.

McKinley Carter Wealth Services Inc. lessened its holdings in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,893 shares of the healthcare conglomerate's stock after selling 683 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in UnitedHealth Group were worth $5,894,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Net Worth Advisory Group lifted its holdings in shares of UnitedHealth Group by 0.6% during the first quarter. Net Worth Advisory Group now owns 3,642 shares of the healthcare conglomerate's stock worth $1,907,000 after buying an additional 21 shares in the last quarter. Bensler LLC lifted its holdings in shares of UnitedHealth Group by 0.3% during the first quarter. Bensler LLC now owns 6,945 shares of the healthcare conglomerate's stock worth $3,637,000 after buying an additional 22 shares in the last quarter. Lakeridge Wealth Management LLC lifted its holdings in shares of UnitedHealth Group by 5.8% during the first quarter. Lakeridge Wealth Management LLC now owns 420 shares of the healthcare conglomerate's stock worth $220,000 after buying an additional 23 shares in the last quarter. Nabity Jensen Investment Management Inc lifted its holdings in shares of UnitedHealth Group by 0.9% during the first quarter. Nabity Jensen Investment Management Inc now owns 2,760 shares of the healthcare conglomerate's stock worth $1,446,000 after buying an additional 24 shares in the last quarter. Finally, BigSur Wealth Management LLC lifted its holdings in shares of UnitedHealth Group by 0.5% during the first quarter. BigSur Wealth Management LLC now owns 4,743 shares of the healthcare conglomerate's stock worth $2,484,000 after buying an additional 25 shares in the last quarter. Institutional investors own 87.86% of the company's stock.

UnitedHealth Group Stock Down 0.6%

Shares of NYSE UNH opened at $367.69 on Friday. The stock has a 50-day moving average price of $315.87 and a two-hundred day moving average price of $351.51. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $630.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The company has a market cap of $333.01 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.39 and a beta of 0.47.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The healthcare conglomerate reported $4.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.45 by ($0.37). UnitedHealth Group had a net margin of 5.04% and a return on equity of 23.32%. The firm had revenue of $111.62 billion during the quarter, compared to analyst estimates of $111.75 billion. During the same period in the prior year, the company earned $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. As a group, analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders 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 2.4%. UnitedHealth Group's dividend payout ratio is currently 38.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on UnitedHealth Group from $310.00 to $425.00 and gave the company an "overweight" rating in a research note on Thursday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 price target on shares of UnitedHealth Group in a research note on Tuesday, August 26th. Bank of America boosted their price target on UnitedHealth Group from $350.00 to $390.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley boosted their price target on UnitedHealth Group from $325.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Finally, Robert W. Baird reaffirmed an "underperform" rating and issued a $198.00 price target (down previously from $312.00) on shares of UnitedHealth Group in a research note on Thursday, July 31st. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $383.09.

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.

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