TD Asset Management Inc Has $231.72 Million Position in HCA Healthcare, Inc. (NYSE:HCA)

Key Points

• TD Asset Management Inc reduced its holdings in HCA Healthcare by 9.7%, selling 72,030 shares in the first quarter and now owns approximately $231.7 million worth of stock.
• Several institutional investors have significantly increased their stakes in HCA Healthcare, with Norges Bank acquiring a new stake valued at $840 million.
• HCA Healthcare recently reported earnings per share of $6.84, surpassing expectations, and announced a quarterly dividend of $0.72 per share, with a payout ratio of 12.81%.

TD Asset Management Inc reduced its holdings in HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 670,569 shares of the company's stock after selling 72,030 shares during the quarter. TD Asset Management Inc owned approximately 0.28% of HCA Healthcare worth $231,715,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HCA. Norges Bank bought a new stake in HCA Healthcare in the 4th quarter valued at about $840,286,000. GAMMA Investing LLC raised its position in shares of HCA Healthcare by 40,527.3% during the 1st quarter. GAMMA Investing LLC now owns 1,703,907 shares of the company's stock worth $5,887,850,000 after buying an additional 1,699,713 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of HCA Healthcare by 6,237.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,350,933 shares of the company's stock worth $466,815,000 after buying an additional 1,329,618 shares in the last quarter. Barclays PLC raised its position in shares of HCA Healthcare by 85.7% during the 4th quarter. Barclays PLC now owns 1,061,891 shares of the company's stock worth $318,727,000 after buying an additional 489,916 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of HCA Healthcare by 12,016.0% during the 4th quarter. Two Sigma Investments LP now owns 467,437 shares of the company's stock worth $140,301,000 after buying an additional 463,579 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors.

HCA Healthcare Stock Up 2.2%

HCA traded up $7.46 during trading on Wednesday, reaching $351.96. 948,963 shares of the stock were exchanged, compared to its average volume of 1,601,806. The stock has a market cap of $84.67 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.14 and a beta of 1.47. HCA Healthcare, Inc. has a twelve month low of $289.98 and a twelve month high of $417.14. The stock's 50 day moving average price is $372.05 and its two-hundred day moving average price is $346.40. The company has a debt-to-equity ratio of 69.07, a quick ratio of 0.86 and a current ratio of 0.98.

HCA Healthcare (NYSE:HCA - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.20 by $0.64. HCA Healthcare had a net margin of 8.21% and a negative return on equity of 7,363.11%. The firm had revenue of $18.61 billion during the quarter, compared to analysts' expectations of $18.49 billion. During the same period in the previous year, the business posted $5.50 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts expect that HCA Healthcare, Inc. will post 24.98 EPS for the current year.

HCA Healthcare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.72 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.82%. HCA Healthcare's payout ratio is presently 12.11%.

Analysts Set New Price Targets

HCA has been the topic of several recent research reports. Wells Fargo & Company raised shares of HCA Healthcare from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $320.00 to $385.00 in a research note on Thursday, May 29th. Truist Financial boosted their price objective on shares of HCA Healthcare from $390.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Morgan Stanley dropped their target price on shares of HCA Healthcare from $410.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Monday. Baird R W lowered shares of HCA Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Bank of America downgraded shares of HCA Healthcare from a "buy" rating to a "neutral" rating and set a $394.00 price target on the stock. in a research report on Wednesday, July 16th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HCA Healthcare presently has a consensus rating of "Moderate Buy" and an average price target of $396.46.

Insider Buying and Selling

In related news, COO Jon M. Foster sold 15,698 shares of the business's 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 transaction, the chief operating officer owned 12,646 shares of the company's stock, valued at $4,670,420.72. The trade was a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently 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.