Mitsubishi UFJ Trust & Banking Corp Lowers Position in HCA Healthcare, Inc. (NYSE:HCA)

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its holdings in HCA Healthcare, Inc. by 1.6% during the first quarter, now owning 0.09% of the company worth approximately $70.9 million.
• HCA Healthcare reported a strong quarterly earnings performance with $6.84 earnings per share, exceeding estimates, and a revenue of $18.61 billion, up 6.4% year-over-year.
• The company announced a quarterly dividend of $0.72 per share, representing an annualized yield of 0.8%, with the dividend payout ratio at 12.11%.

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,171 shares of the company's stock after selling 3,414 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of HCA Healthcare worth $70,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in shares of HCA Healthcare during the 1st quarter worth $28,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of HCA Healthcare by 888.9% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 89 shares of the company's stock worth $31,000 after acquiring an additional 80 shares during the period. ORG Partners LLC grew its stake in shares of HCA Healthcare by 344.0% during the 1st quarter. ORG Partners LLC now owns 111 shares of the company's stock worth $38,000 after acquiring an additional 86 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of HCA Healthcare by 75.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 116 shares of the company's stock worth $40,000 after acquiring an additional 50 shares during the period. Finally, Legacy Investment Solutions LLC grew its stake in shares of HCA Healthcare by 99.0% during the 4th quarter. Legacy Investment Solutions LLC now owns 191 shares of the company's stock worth $62,000 after acquiring an additional 95 shares during the period. Institutional investors own 62.73% of the company's stock.

HCA Healthcare Stock Performance

Shares of NYSE HCA opened at $356.84 on Friday. The stock has a market cap of $85.84 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.12 and a beta of 1.39. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 69.07. HCA Healthcare, Inc. has a 1-year low of $289.98 and a 1-year high of $417.14. The stock's 50-day moving average is $370.66 and its 200 day moving average is $347.42.

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 for the quarter, beating analysts' consensus estimates of $6.20 by $0.64. The company 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%. HCA Healthcare's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $5.50 EPS. On average, sell-side analysts anticipate that HCA Healthcare, Inc. will post 24.98 EPS for the current fiscal year.

HCA Healthcare Announces Dividend

The business also recently declared 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. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 16th. HCA Healthcare's payout ratio is 12.11%.

Analyst Ratings Changes

Several research analysts have commented on the company. Baird R W downgraded HCA Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Morgan Stanley cut their target price on HCA Healthcare from $410.00 to $400.00 and set an "equal weight" rating for the company in a research note on Monday, July 28th. Truist Financial raised their target price on HCA Healthcare from $390.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada set a $401.00 target price on HCA Healthcare and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Stephens upgraded HCA Healthcare to a "strong-buy" rating in a research note on Monday, June 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $396.46.

Insider Buying and Selling

In other HCA Healthcare news, COO Jon M. Foster sold 15,698 shares of HCA Healthcare 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 transaction, the chief operating officer directly owned 12,646 shares of the company's stock, valued at $4,670,420.72. The trade was a 55.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

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.

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