California State Teachers Retirement System decreased its holdings in shares of HCA Healthcare Inc (NYSE:HCA) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 502,845 shares of the company’s stock after selling 18,264 shares during the period. California State Teachers Retirement System’s holdings in HCA Healthcare were worth $44,170,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HCA. Lyrical Asset Management LP bought a new stake in HCA Healthcare during the fourth quarter valued at $324,051,000. Longview Partners Guernsey LTD increased its stake in HCA Healthcare by 8.0% during the fourth quarter. Longview Partners Guernsey LTD now owns 12,022,516 shares of the company’s stock valued at $1,056,058,000 after purchasing an additional 887,361 shares during the last quarter. Schroder Investment Management Group increased its stake in HCA Healthcare by 167.7% during the fourth quarter. Schroder Investment Management Group now owns 1,213,240 shares of the company’s stock valued at $106,572,000 after purchasing an additional 760,099 shares during the last quarter. Brandes Investment Partners LP increased its stake in HCA Healthcare by 441.7% during the third quarter. Brandes Investment Partners LP now owns 686,968 shares of the company’s stock valued at $66,810,000 after purchasing an additional 560,144 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of HCA Healthcare by 2.0% during the fourth quarter. BlackRock Inc. now owns 22,002,879 shares of the company’s stock worth $1,932,733,000 after acquiring an additional 433,283 shares during the last quarter. Hedge funds and other institutional investors own 73.48% of the company’s stock.
In related news, insider Charles J. Hall sold 49,882 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $101.29, for a total value of $5,052,547.78. Following the completion of the transaction, the insider now owns 62,048 shares in the company, valued at approximately $6,284,841.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael S. Cuffe sold 2,400 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $86.63, for a total transaction of $207,912.00. The disclosure for this sale can be found here. Insiders sold a total of 482,318 shares of company stock valued at $48,394,005 in the last quarter. 2.90% of the stock is currently owned by insiders.
HCA Healthcare (NYSE:HCA) last announced its earnings results on Tuesday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.25. The firm had revenue of $11.56 billion during the quarter, compared to analyst estimates of $11.19 billion. HCA Healthcare had a net margin of 4.89% and a negative return on equity of 49.49%. HCA Healthcare’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 EPS. equities analysts forecast that HCA Healthcare Inc will post 8.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 1st will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.37%. HCA Healthcare’s dividend payout ratio is presently 20.68%.
Several research firms have recently commented on HCA. Argus set a $97.00 price target on shares of HCA Healthcare and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Piper Jaffray Companies restated a “hold” rating and set a $101.00 price target on shares of HCA Healthcare in a research report on Tuesday, January 30th. Sanford C. Bernstein restated a “market perform” rating and set a $116.00 price target (up previously from $105.00) on shares of HCA Healthcare in a research report on Thursday, February 1st. ValuEngine upgraded shares of HCA Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, BMO Capital Markets upped their price target on shares of HCA Healthcare from $96.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $104.50.
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HCA Healthcare Profile
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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