HCA Healthcare (NYSE:HCA) Sets New 12-Month High at $151.97

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HCA Healthcare Inc (NYSE:HCA)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $151.97 and last traded at $151.59, with a volume of 38357 shares changing hands. The stock had previously closed at $150.56.

HCA has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on shares of HCA Healthcare from $170.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their price objective on shares of HCA Healthcare from $172.00 to $177.00 and gave the company a “positive” rating in a research report on Monday, February 3rd. Stephens raised their target price on shares of HCA Healthcare from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Robert W. Baird raised their target price on shares of HCA Healthcare from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank assumed coverage on shares of HCA Healthcare in a report on Friday, January 3rd. They issued a “buy” rating and a $140.00 target price for the company. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $163.81.

The business’s fifty day moving average is $146.75 and its two-hundred day moving average is $134.29. The stock has a market capitalization of $51.18 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Tuesday, January 28th. The company reported $3.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.09. HCA Healthcare had a net margin of 6.83% and a negative return on equity of 242.04%. The firm had revenue of $13.52 billion during the quarter, compared to analyst estimates of $13.37 billion. During the same period last year, the firm posted $3.01 earnings per share. HCA Healthcare’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts forecast that HCA Healthcare Inc will post 11.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.15%. This is a positive change from HCA Healthcare’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, February 28th. HCA Healthcare’s payout ratio is presently 15.24%.

In other HCA Healthcare news, SVP Joseph A. Sowell III sold 21,309 shares of HCA Healthcare stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $145.00, for a total transaction of $3,089,805.00. Following the completion of the transaction, the senior vice president now directly owns 646 shares of the company’s stock, valued at $93,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jane D. Englebright sold 2,049 shares of HCA Healthcare stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $143.50, for a total transaction of $294,031.50. Following the transaction, the senior vice president now directly owns 10,480 shares of the company’s stock, valued at $1,503,880. The disclosure for this sale can be found here. Insiders have sold 70,777 shares of company stock valued at $10,326,575 over the last ninety days. 2.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. boosted its stake in shares of HCA Healthcare by 80.0% during the fourth quarter. Point72 Asset Management L.P. now owns 183,018 shares of the company’s stock valued at $27,052,000 after purchasing an additional 81,333 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of HCA Healthcare during the fourth quarter valued at $137,000. Bank of America Corp DE raised its holdings in shares of HCA Healthcare by 30.7% in the fourth quarter. Bank of America Corp DE now owns 526,989 shares of the company’s stock valued at $77,896,000 after acquiring an additional 123,799 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of HCA Healthcare by 0.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,277,197 shares of the company’s stock valued at $188,782,000 after acquiring an additional 4,544 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of HCA Healthcare by 10.4% in the fourth quarter. Marshall Wace LLP now owns 351,696 shares of the company’s stock valued at $51,984,000 after acquiring an additional 33,248 shares in the last quarter. 69.54% of the stock is owned by institutional investors.

About HCA Healthcare (NYSE:HCA)

HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer 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 services.

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