Alta Wealth Advisors LLC Has $1.05 Million Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Alta Wealth Advisors LLC trimmed its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,697 shares of the healthcare conglomerate’s stock after selling 66 shares during the quarter. Alta Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its position in UnitedHealth Group by 0.6% during the 2nd quarter. FMR LLC now owns 50,452,463 shares of the healthcare conglomerate’s stock worth $20,203,185,000 after purchasing an additional 291,660 shares in the last quarter. State Street Corp increased its position in UnitedHealth Group by 1.9% in the 2nd quarter. State Street Corp now owns 44,530,535 shares of the healthcare conglomerate’s stock valued at $17,831,807,000 after acquiring an additional 838,941 shares during the period. Geode Capital Management LLC increased its position in UnitedHealth Group by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 15,110,522 shares of the healthcare conglomerate’s stock valued at $6,033,290,000 after acquiring an additional 679,484 shares during the period. Bank of New York Mellon Corp boosted its stake in UnitedHealth Group by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 9,579,497 shares of the healthcare conglomerate’s stock worth $3,836,011,000 after acquiring an additional 354,695 shares in the last quarter. Finally, Morgan Stanley boosted its stake in UnitedHealth Group by 9.7% during the second quarter. Morgan Stanley now owns 8,693,237 shares of the healthcare conglomerate’s stock worth $3,481,120,000 after acquiring an additional 768,188 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

In other news, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $419.00, for a total transaction of $1,047,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen J. Hemsley sold 75,000 shares of the firm’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $448.72, for a total value of $33,654,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,000 shares of company stock worth $35,743,375. Insiders own 0.55% of the company’s stock.

Several brokerages recently issued reports on UNH. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $477.00 target price on the stock in a research note on Wednesday, October 27th. SVB Leerink assumed coverage on shares of UnitedHealth Group in a report on Monday, September 27th. They set an “outperform” rating and a $480.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of UnitedHealth Group from $478.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, October 25th. BMO Capital Markets upped their price objective on shares of UnitedHealth Group from $435.00 to $475.00 and gave the stock a “market perform” rating in a report on Monday, October 18th. Finally, Cowen assumed coverage on shares of UnitedHealth Group in a report on Thursday, September 9th. They set an “outperform” rating and a $478.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $477.35.

UnitedHealth Group stock opened at $447.13 on Wednesday. The company has a market cap of $421.13 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.75 and a beta of 0.85. The business’s 50 day simple moving average is $429.82 and its 200 day simple moving average is $417.78. UnitedHealth Group Incorporated has a 12 month low of $320.35 and a 12 month high of $466.00. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.59.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.11. The firm had revenue of $72.34 billion for the quarter, compared to the consensus estimate of $71.24 billion. UnitedHealth Group had a return on equity of 23.08% and a net margin of 5.52%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.51 earnings per share. As a group, equities research analysts forecast that UnitedHealth Group Incorporated will post 18.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 14th. Stockholders of record on Monday, December 6th will be issued a $1.45 dividend. The ex-dividend date is Friday, December 3rd. This represents a $5.80 annualized dividend and a dividend yield of 1.30%. UnitedHealth Group’s payout ratio is currently 35.98%.

UnitedHealth Group Company Profile

UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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