Tocqueville Asset Management L.P. Buys New Shares in HCA Healthcare, Inc. $HCA

Tocqueville Asset Management L.P. acquired a new position in HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,488 shares of the company’s stock, valued at approximately $3,309,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in shares of HCA Healthcare in the 3rd quarter worth approximately $26,000. MidFirst Bank bought a new stake in HCA Healthcare in the second quarter worth $28,000. Clearstead Trust LLC purchased a new stake in HCA Healthcare during the second quarter valued at about $29,000. Ares Financial Consulting LLC purchased a new position in shares of HCA Healthcare in the fourth quarter worth about $31,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in HCA Healthcare during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating on the stock in a report on Monday, July 27th. Raymond James Financial set a $528.00 price target on shares of HCA Healthcare in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of HCA Healthcare from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group reduced their price target on HCA Healthcare from $635.00 to $579.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, Truist Financial dropped their price objective on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating for the company in a report on Monday, July 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.64.

HCA Healthcare Trading Down 0.2%

Shares of HCA opened at $406.33 on Friday. HCA Healthcare, Inc. has a 1-year low of $353.99 and a 1-year high of $556.52. The firm has a market capitalization of $87.97 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.41 and a beta of 1.10. The firm’s 50-day moving average price is $396.32 and its 200-day moving average price is $444.25.

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

HCA Healthcare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Wednesday, September 16th. HCA Healthcare’s payout ratio is 10.45%.

About HCA Healthcare

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.