3,504 Shares of HCA Healthcare, Inc. $HCA Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in HCA Healthcare, Inc. (NYSE:HCA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,504 shares of the company’s stock, valued at approximately $1,512,000.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of HCA Healthcare in the 2nd quarter worth about $5,069,974,000. Legal & General Group Plc bought a new position in HCA Healthcare in the second quarter worth about $410,992,000. Jupiter Topco LLC purchased a new stake in HCA Healthcare in the second quarter worth about $371,138,000. Wellington Management Group LLP lifted its holdings in HCA Healthcare by 20.5% in the second quarter. Wellington Management Group LLP now owns 4,707,473 shares of the company’s stock worth $1,835,397,000 after buying an additional 799,761 shares during the period. Finally, Bank of America Corp DE bought a new stake in HCA Healthcare during the 2nd quarter valued at approximately $238,457,000. Institutional investors own 62.73% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Erica Rossitto sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $505.81, for a total value of $1,770,335.00. Following the completion of the transaction, the senior vice president directly owned 13,426 shares of the company’s stock, valued at approximately $6,791,005.06. This trade represents a 20.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jon M. Foster sold 21,713 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $494.95, for a total value of $10,746,849.35. Following the sale, the chief operating officer owned 10,000 shares in the company, valued at approximately $4,949,500. This trade represents a 68.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,413 shares of company stock worth $18,251,464 in the last three months. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HCA shares. Deutsche Bank set a $476.00 target price on HCA Healthcare in a research note on Monday, July 27th. UBS Group decreased their price objective on HCA Healthcare from $635.00 to $579.00 and set a “buy” rating for the company in a report on Monday, July 27th. KeyCorp raised their price objective on HCA Healthcare from $435.00 to $490.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. TD Cowen upped their target price on shares of HCA Healthcare from $460.00 to $486.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen upgraded shares of HCA Healthcare from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $480.13.

More HCA Healthcare News

Investors following HCA have been watching these news items:

• Positive Sentiment: HCA was named a best employer for veterans by Military Times for the seventh consecutive year. This is a reputational positive, though its near-term financial impact is likely limited. Article: HCA Healthcare Named a Best Employer for Veterans
• Neutral Sentiment: HCA Global’s reported long-term office-space lease in Hyderabad appears to concern an India-based business operation; its connection to publicly traded HCA Healthcare is unclear. Article: HCA Global Hyderabad Office Lease
• Negative Sentiment: Senior Vice President Erica Rossitto sold 3,500 shares, reducing her stake by about 20.7%. One insider sale alone does not establish a change in company outlook, but may weigh on sentiment. Article: HCA Insider Sells 3,500 Shares

HCA Healthcare Stock Performance

NYSE HCA opened at $505.82 on Thursday. The company has a market capitalization of $105.66 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.68 and a beta of 1.11. The stock has a 50-day moving average of $449.06 and a 200 day moving average of $445.81. HCA Healthcare, Inc. has a one year low of $353.99 and a one year high of $556.52.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.65 by $0.57. HCA Healthcare had a negative return on equity of 198.52% and a net margin of 8.61%. The company had revenue of $19.85 billion during the quarter, compared to analyst estimates of $19.33 billion. During the same quarter in the previous year, the company posted $6.96 earnings per share. HCA Healthcare’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts predict that HCA Healthcare, Inc. will post 30.15 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $3.12 dividend on an annualized basis and a yield of 0.6%. HCA Healthcare’s payout ratio is currently 10.34%.

HCA Healthcare Profile

HCA Healthcare is a healthcare services company that operates hospitals and other care facilities. Its services include inpatient and outpatient care, emergency treatment, surgery, diagnostic services and specialized care across areas such as cancer and cardiovascular medicine. The company serves patients in the United States and the United Kingdom through its network of hospitals and outpatient facilities, including surgery centers, urgent care clinics and physician practices. Founded in 1968, HCA Healthcare is headquartered in Nashville, Tennessee.