OVERSEA CHINESE BANKING Corp Ltd Makes New $577,000 Investment in HCA Healthcare, Inc. $HCA

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,480 shares of the company’s stock, valued at approximately $577,000.

Several other institutional investors have also recently bought and sold shares of HCA. Palisade Asset Management LLC acquired a new stake in shares of HCA Healthcare in the 3rd quarter worth about $26,000. Ares Financial Consulting LLC bought a new stake in HCA Healthcare during the fourth quarter worth $31,000. Cedar Mountain Advisors LLC purchased a new stake in shares of HCA Healthcare in the first quarter valued at about $33,000. MCF Advisors LLC increased its stake in HCA Healthcare by 213.0% in the 4th quarter. MCF Advisors LLC now owns 72 shares of the company’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. Finally, MidFirst Bank bought a new stake in HCA Healthcare during the second quarter worth $28,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Wall Street Analyst Weigh In

HCA has been the topic of a number of research analyst reports. Truist Financial cut their price target on shares of HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Leerink Partners decreased their price target on shares of HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. KeyCorp dropped their price objective on HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Oppenheimer decreased their target price on HCA Healthcare from $520.00 to $485.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. Finally, Morgan Stanley cut their price target on HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, HCA Healthcare currently has an average rating of “Moderate Buy” and an average price target of $462.64.

HCA Healthcare Price Performance

NYSE:HCA opened at $429.08 on Friday. The company has a market cap of $92.90 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.41 and a beta of 1.10. HCA Healthcare, Inc. has a 1 year low of $353.99 and a 1 year high of $556.52. The stock’s fifty day moving average price is $397.16 and its two-hundred day moving average price is $444.14.

HCA Healthcare (NYSE:HCA) last released its quarterly earnings data on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.76 billion. During the same period in the previous year, the company posted $6.84 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio is 10.45%.

HCA Healthcare Profile

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.