Schmidt P J Investment Management Inc. reduced its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 32,561 shares of the healthcare conglomerate’s stock after selling 716 shares during the period. UnitedHealth Group makes up 1.8% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 13th largest position. Schmidt P J Investment Management Inc.’s holdings in UnitedHealth Group were worth $6,038,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after buying an additional 603 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 125 shares during the last quarter. Kings Point Capital Management boosted its stake in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 150 shares during the last quarter. Founders Capital Management bought a new stake in UnitedHealth Group during the first quarter valued at $135,000. Finally, Parkside Financial Bank & Trust boosted its stake in UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

Shares of UnitedHealth Group Incorporated (NYSE UNH) traded up 0.23% during trading on Friday, reaching $193.02. 2,210,720 shares of the company were exchanged. The firm’s 50 day moving average price is $189.36 and its 200 day moving average price is $174.75. The company has a market capitalization of $186.62 billion, a PE ratio of 23.19 and a beta of 0.64. UnitedHealth Group Incorporated has a one year low of $132.39 and a one year high of $196.04.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion for the quarter, compared to analysts’ expectations of $49.97 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. Equities research analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on the stock. UBS AG restated a “buy” rating and issued a $194.00 price objective (up previously from $193.00) on shares of UnitedHealth Group in a research report on Saturday, April 22nd. Cowen and Company reiterated an “outperform” rating and set a $220.00 price target (up previously from $175.00) on shares of UnitedHealth Group in a research report on Friday. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Tuesday, August 1st. Finally, Citigroup Inc. lifted their price target on shares of UnitedHealth Group from $195.00 to $213.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $202.20.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the sale, the director now directly owns 76,058 shares in the company, valued at approximately $14,753,730.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail R. Wilensky sold 5,540 shares of UnitedHealth Group stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $178.74, for a total value of $990,219.60. Following the sale, the director now owns 60,516 shares in the company, valued at $10,816,629.84. The disclosure for this sale can be found here. Insiders have sold a total of 15,540 shares of company stock worth $2,873,320 over the last quarter. Company insiders own 0.89% of the company’s stock.

About UnitedHealth Group

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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