Norway Savings Bank Grows Stock Position in HCA Healthcare, Inc. (NYSE:HCA)

Norway Savings Bank raised its position in HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 52.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,382 shares of the company's stock after purchasing an additional 1,164 shares during the quarter. Norway Savings Bank's holdings in HCA Healthcare were worth $1,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HCA. Castleview Partners LLC acquired a new position in shares of HCA Healthcare in the first quarter worth $223,000. ORG Partners LLC grew its stake in shares of HCA Healthcare by 344.0% during the first quarter. ORG Partners LLC now owns 111 shares of the company's stock worth $38,000 after purchasing an additional 86 shares in the last quarter. Sterling Investment Counsel LLC grew its stake in shares of HCA Healthcare by 9.1% during the first quarter. Sterling Investment Counsel LLC now owns 1,199 shares of the company's stock worth $414,000 after purchasing an additional 100 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of HCA Healthcare by 5.4% during the first quarter. Premier Path Wealth Partners LLC now owns 1,442 shares of the company's stock worth $498,000 after purchasing an additional 74 shares in the last quarter. Finally, Harrell Investment Partners LLC acquired a new position in shares of HCA Healthcare during the first quarter worth $227,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on HCA shares. Royal Bank Of Canada decreased their price objective on shares of HCA Healthcare from $384.00 to $376.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Morgan Stanley set a $410.00 price target on shares of HCA Healthcare and gave the stock an "equal weight" rating in a report on Monday, June 9th. Robert W. Baird restated a "neutral" rating and set a $336.00 target price (down previously from $396.00) on shares of HCA Healthcare in a research report on Tuesday, April 15th. Baird R W lowered shares of HCA Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen upgraded shares of HCA Healthcare from a "hold" rating to a "buy" rating in a report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $392.47.

HCA Healthcare Stock Up 0.1%

HCA traded up $0.40 during trading on Friday, reaching $377.26. The company had a trading volume of 4,238,388 shares, compared to its average volume of 1,470,176. HCA Healthcare, Inc. has a 12 month low of $289.98 and a 12 month high of $417.14. The company has a market cap of $90.76 billion, a P/E ratio of 16.77, a PEG ratio of 1.30 and a beta of 1.49. The business's fifty day moving average price is $362.30 and its 200 day moving average price is $334.84. The company has a debt-to-equity ratio of 69.07, a current ratio of 1.19 and a quick ratio of 1.06.

HCA Healthcare (NYSE:HCA - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $6.45 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $0.70. The firm had revenue of $18.32 billion during the quarter, compared to analysts' expectations of $18.26 billion. HCA Healthcare had a net margin of 8.07% and a return on equity of 1,063.91%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.36 earnings per share. Equities analysts anticipate that HCA Healthcare, Inc. will post 24.98 EPS for the current year.

HCA Healthcare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, June 16th. HCA Healthcare's dividend payout ratio is currently 12.81%.

Insiders Place Their Bets

In related news, COO Jon M. Foster sold 15,698 shares of HCA Healthcare stock in a transaction dated 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 now directly owns 12,646 shares in the company, valued at approximately $4,670,420.72. This trade represents a 55.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

About HCA Healthcare

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.