Tokio Marine Asset Management Co. Ltd. Sells 2,344 Shares of HCA Healthcare, Inc. (NYSE:HCA)

Key Points

• Tokio Marine Asset Management Co. Ltd. has reduced its stake in HCA Healthcare, Inc. by 8% during the first quarter, owning 26,810 shares worth approximately $9.26 million.
• HCA Healthcare reported quarterly earnings of $6.84 per share, exceeding analyst expectations and generating revenues of $18.61 billion, a growth of 6.4% year-over-year.
• The company has declared a quarterly dividend of $0.72 per share, with a payout ratio of 12.11%, reflecting a yield of 0.7%.

Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,810 shares of the company's stock after selling 2,344 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in HCA Healthcare were worth $9,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new stake in HCA Healthcare in the fourth quarter worth about $1,021,000. Advisors Capital Management LLC raised its position in HCA Healthcare by 1.8% in the fourth quarter. Advisors Capital Management LLC now owns 3,997 shares of the company's stock worth $1,200,000 after acquiring an additional 72 shares in the last quarter. SageView Advisory Group LLC increased its stake in HCA Healthcare by 11.7% in the 4th quarter. SageView Advisory Group LLC now owns 839 shares of the company's stock worth $252,000 after purchasing an additional 88 shares in the last quarter. Barclays PLC increased its stake in HCA Healthcare by 85.7% in the 4th quarter. Barclays PLC now owns 1,061,891 shares of the company's stock worth $318,727,000 after purchasing an additional 489,916 shares in the last quarter. Finally, Mariner LLC increased its stake in HCA Healthcare by 0.9% in the 4th quarter. Mariner LLC now owns 88,969 shares of the company's stock worth $26,704,000 after purchasing an additional 823 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HCA shares. Royal Bank Of Canada dropped their price target on HCA Healthcare from $404.00 to $401.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Stephens raised HCA Healthcare to a "strong-buy" rating in a research note on Monday, June 2nd. Robert W. Baird lifted their target price on HCA Healthcare from $380.00 to $423.00 and gave the company a "neutral" rating in a research note on Thursday. Wolfe Research cut HCA Healthcare from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 28th. Finally, Bank of America cut HCA Healthcare from a "buy" rating to a "neutral" rating and set a $394.00 target price on the stock. in a research note on Wednesday, July 16th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, HCA Healthcare has a consensus rating of "Moderate Buy" and an average price target of $398.58.

HCA Healthcare Stock Performance

HCA traded up $2.18 on Friday, hitting $395.83. The company had a trading volume of 1,251,407 shares, compared to its average volume of 1,541,143. HCA Healthcare, Inc. has a 1-year low of $289.98 and a 1-year high of $417.14. The stock has a market cap of $92.62 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.39. The company's fifty day moving average price is $370.53 and its 200 day moving average price is $351.46. The company has a debt-to-equity ratio of 69.07, a current ratio of 0.98 and a quick ratio of 0.86.

HCA Healthcare (NYSE:HCA - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 7,363.11% and a net margin of 8.21%. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.49 billion. During the same period in the previous year, the company earned $5.50 earnings per share. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that HCA Healthcare, Inc. will post 24.98 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.7%. HCA Healthcare's payout ratio is currently 12.11%.

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.