Legal & General Group Plc trimmed its position in HCA Healthcare, Inc. (NYSE:HCA – Free Report) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,075,537 shares of the company’s stock after selling 48,974 shares during the period. Legal & General Group Plc’s holdings in HCA Healthcare were worth $502,125,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in HCA Healthcare during the 3rd quarter worth approximately $26,000. Holos Integrated Wealth LLC bought a new stake in HCA Healthcare during the 4th quarter worth approximately $29,000. Ares Financial Consulting LLC bought a new stake in HCA Healthcare during the 4th quarter worth approximately $31,000. JPL Wealth Management LLC bought a new position in shares of HCA Healthcare during the 3rd quarter worth approximately $33,000. Finally, Aventura Private Wealth LLC bought a new position in shares of HCA Healthcare during the 4th quarter worth approximately $34,000. 62.73% of the stock is owned by institutional investors.
HCA Healthcare Stock Up 0.1%
HCA stock opened at $394.40 on Tuesday. The company has a market cap of $87.49 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. HCA Healthcare, Inc. has a 52 week low of $330.00 and a 52 week high of $556.52. The business has a 50-day simple moving average of $462.41 and a 200 day simple moving average of $483.23.
HCA Healthcare Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $3.12 annualized dividend and a yield of 0.8%. HCA Healthcare’s payout ratio is presently 10.73%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of HCA Healthcare from $593.00 to $534.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Robert W. Baird decreased their price target on shares of HCA Healthcare from $450.00 to $442.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Mizuho raised their price target on HCA Healthcare from $540.00 to $585.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Stephens decreased their price target on HCA Healthcare from $560.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Finally, Wells Fargo & Company dropped their price target on HCA Healthcare from $481.00 to $436.00 and set an “equal weight” rating for the company in a research note on Monday, April 27th. Sixteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HCA Healthcare currently has an average rating of “Moderate Buy” and an average target price of $515.77.
Get Our Latest Research Report on HCA Healthcare
HCA Healthcare Company 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.
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