CIBC Asset Management Inc Sells 1,635 Shares of HCA Healthcare, Inc. (NYSE:HCA)

CIBC Asset Management Inc reduced its stake in shares of HCA Healthcare, Inc. (NYSE:HCA) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,065 shares of the company’s stock after selling 1,635 shares during the quarter. CIBC Asset Management Inc’s holdings in HCA Healthcare were worth $9,017,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in HCA Healthcare in the fourth quarter valued at approximately $27,000. Bangor Savings Bank lifted its holdings in HCA Healthcare by 112.5% in the second quarter. Bangor Savings Bank now owns 85 shares of the company’s stock valued at $27,000 after buying an additional 45 shares during the period. MFA Wealth Advisors LLC acquired a new position in HCA Healthcare in the second quarter valued at approximately $27,000. Unique Wealth Strategies LLC acquired a new position in HCA Healthcare in the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in HCA Healthcare by 284.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 96 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the period. 62.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HCA has been the topic of several analyst reports. Robert W. Baird initiated coverage on shares of HCA Healthcare in a report on Thursday, May 30th. They issued an “outperform” rating and a $396.00 target price on the stock. Wolfe Research upgraded shares of HCA Healthcare to a “strong-buy” rating in a report on Thursday, August 29th. Barclays increased their target price on shares of HCA Healthcare from $376.00 to $396.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of HCA Healthcare from $378.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company raised their price objective on shares of HCA Healthcare from $315.00 to $365.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $359.89.

HCA Healthcare Stock Performance

Shares of HCA opened at $395.98 on Wednesday. The company has a market cap of $103.71 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68. The company has a debt-to-equity ratio of 27.11, a current ratio of 1.06 and a quick ratio of 0.94. The firm has a 50-day moving average of $351.93 and a 200-day moving average of $334.46. HCA Healthcare, Inc. has a one year low of $215.96 and a one year high of $397.73.

HCA Healthcare (NYSE:HCA) last announced its earnings results on Tuesday, July 23rd. The company reported $5.50 EPS for the quarter, topping the consensus estimate of $4.97 by $0.53. The business had revenue of $17.49 billion during the quarter, compared to the consensus estimate of $17.05 billion. HCA Healthcare had a net margin of 8.40% and a return on equity of 553.13%. HCA Healthcare’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.29 EPS. As a group, equities analysts forecast that HCA Healthcare, Inc. will post 22.5 earnings per share for the current year.

HCA Healthcare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.67%. The ex-dividend date is Monday, September 16th. HCA Healthcare’s dividend payout ratio (DPR) is 13.16%.

Insiders Place Their Bets

In other HCA Healthcare news, SVP Kathryn A. Torres sold 1,857 shares of HCA Healthcare stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $355.05, for a total value of $659,327.85. Following the completion of the sale, the senior vice president now owns 17,755 shares in the company, valued at approximately $6,303,912.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other HCA Healthcare news, SVP Kathryn A. Torres sold 1,857 shares of HCA Healthcare stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $355.05, for a total value of $659,327.85. Following the completion of the sale, the senior vice president now owns 17,755 shares in the company, valued at approximately $6,303,912.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kathleen M. Whalen sold 2,987 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 of the company’s stock, valued at $3,436,623.54. The disclosure for this sale can be found here. Insiders sold 8,844 shares of company stock worth $3,185,932 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

HCA Healthcare 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.