HCA Healthcare, Inc. (NYSE:HCA) Position Cut by State of Michigan Retirement System

State of Michigan Retirement System cut its position in HCA Healthcare, Inc. (NYSE:HCA) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,109 shares of the company’s stock after selling 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in HCA Healthcare were worth $17,063,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in HCA Healthcare in the 4th quarter valued at approximately $694,985,000. Royal Bank of Canada raised its stake in shares of HCA Healthcare by 35.7% during the fourth quarter. Royal Bank of Canada now owns 4,503,918 shares of the company’s stock valued at $1,219,121,000 after purchasing an additional 1,183,890 shares in the last quarter. Capital World Investors grew its position in HCA Healthcare by 57.5% in the 1st quarter. Capital World Investors now owns 2,792,377 shares of the company’s stock valued at $931,342,000 after buying an additional 1,019,750 shares in the last quarter. Sanders Capital LLC lifted its stake in shares of HCA Healthcare by 4.2% in the 4th quarter. Sanders Capital LLC now owns 11,404,003 shares of the company’s stock worth $3,086,836,000 after acquiring an additional 456,738 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of HCA Healthcare by 230.5% during the fourth quarter. TD Asset Management Inc now owns 553,225 shares of the company’s stock valued at $149,747,000 after acquiring an additional 385,854 shares during the period. Institutional investors and hedge funds own 62.73% of the company’s stock.

Insider Activity at HCA Healthcare

In other HCA Healthcare news, SVP Christopher F. Wyatt sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $360.20, for a total transaction of $1,440,800.00. Following the transaction, the senior vice president now directly owns 40,449 shares in the company, valued at $14,569,729.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Christopher F. Wyatt sold 4,000 shares of HCA Healthcare stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $360.20, for a total value of $1,440,800.00. Following the transaction, the senior vice president now owns 40,449 shares of the company’s stock, valued at $14,569,729.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kathleen M. Whalen sold 2,987 shares of HCA Healthcare stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $363.51, for a total transaction of $1,085,804.37. Following the completion of the transaction, the senior vice president now owns 9,454 shares in the company, valued at approximately $3,436,623.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,844 shares of company stock valued at $3,185,932. Insiders own 1.60% of the company’s stock.

HCA Healthcare Stock Performance

Shares of HCA opened at $388.50 on Tuesday. HCA Healthcare, Inc. has a 52 week low of $215.96 and a 52 week high of $391.34. The company has a debt-to-equity ratio of 27.11, a quick ratio of 0.94 and a current ratio of 1.06. The company has a market capitalization of $101.75 billion, a PE ratio of 19.37, a PEG ratio of 1.39 and a beta of 1.68. The company’s 50 day moving average price is $345.53 and its 200 day moving average price is $331.43.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.53. HCA Healthcare had a return on equity of 553.13% and a net margin of 8.40%. The business had revenue of $17.49 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same period last year, the company earned $4.29 earnings per share. HCA Healthcare’s quarterly revenue was up 10.3% compared to the same quarter last year. Research analysts expect that HCA Healthcare, Inc. will post 22.43 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Monday, September 16th. HCA Healthcare’s dividend payout ratio is 13.16%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HCA. TD Cowen lowered their price target on HCA Healthcare from $371.00 to $360.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. StockNews.com raised shares of HCA Healthcare from a “buy” rating to a “strong-buy” rating in a report on Monday, July 1st. JPMorgan Chase & Co. increased their target price on shares of HCA Healthcare from $327.00 to $332.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Barclays upped their price target on HCA Healthcare from $376.00 to $396.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Truist Financial lifted their target price on HCA Healthcare from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $356.17.

HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.