HCA Healthcare, Inc. (NYSE:HCA) Shares Sold by Park National Corp OH

Park National Corp OH cut its stake in HCA Healthcare, Inc. (NYSE:HCAFree Report) by 5.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 25,102 shares of the company’s stock after selling 1,397 shares during the period. Park National Corp OH’s holdings in HCA Healthcare were worth $8,372,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Sanders Capital LLC lifted its position in HCA Healthcare by 4.2% during the fourth quarter. Sanders Capital LLC now owns 11,404,003 shares of the company’s stock valued at $3,086,836,000 after buying an additional 456,738 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of HCA Healthcare by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 10,186,129 shares of the company’s stock valued at $2,757,181,000 after purchasing an additional 170,560 shares during the period. 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 during the period. Norges Bank purchased a new stake in shares of HCA Healthcare during the fourth quarter valued at approximately $694,985,000. Finally, Northern Trust Corp increased its stake in shares of HCA Healthcare by 3.2% in the third quarter. Northern Trust Corp now owns 2,152,419 shares of the company’s stock worth $529,452,000 after buying an additional 67,332 shares during the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCA has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of HCA Healthcare from $322.00 to $329.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of HCA Healthcare from $330.00 to $359.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Barclays boosted their target price on shares of HCA Healthcare from $356.00 to $367.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of HCA Healthcare from $303.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Finally, Baird R W raised shares of HCA Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HCA Healthcare has an average rating of “Moderate Buy” and an average price target of $325.59.

View Our Latest Report on HCA Healthcare

HCA Healthcare Price Performance

NYSE HCA traded up $4.74 on Tuesday, reaching $340.21. The company’s stock had a trading volume of 262,944 shares, compared to its average volume of 1,060,954. HCA Healthcare, Inc. has a twelve month low of $215.96 and a twelve month high of $343.53. The company has a debt-to-equity ratio of 29.26, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a market cap of $89.10 billion, a PE ratio of 16.72, a PEG ratio of 1.56 and a beta of 1.69. The firm’s 50 day moving average is $320.93 and its two-hundred day moving average is $313.36.

HCA Healthcare (NYSE:HCAGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.35. The firm had revenue of $17.34 billion for the quarter, compared to the consensus estimate of $16.81 billion. HCA Healthcare had a return on equity of 674.49% and a net margin of 8.20%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.93 EPS. As a group, sell-side analysts predict that HCA Healthcare, Inc. will post 20.92 EPS for the current year.

HCA Healthcare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.66 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.78%. HCA Healthcare’s dividend payout ratio is 13.16%.

Insider Activity

In related news, EVP Michael S. Cuffe sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $309.00, for a total value of $494,400.00. Following the completion of the sale, the executive vice president now owns 34,124 shares of the company’s stock, valued at approximately $10,544,316. The sale was disclosed in a document filed with the SEC, which is available at this link. In other HCA Healthcare news, EVP Michael S. Cuffe sold 6,311 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $316.88, for a total value of $1,999,829.68. Following the completion of the sale, the executive vice president now directly owns 29,624 shares of the company’s stock, valued at approximately $9,387,253.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael S. Cuffe sold 1,600 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $309.00, for a total transaction of $494,400.00. Following the completion of the sale, the executive vice president now directly owns 34,124 shares of the company’s stock, valued at $10,544,316. The disclosure for this sale can be found here. Insiders have sold 13,273 shares of company stock worth $4,211,228 in the last 90 days. Company insiders own 1.70% of the company’s stock.

HCA Healthcare Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HCA Healthcare (NYSE:HCA)

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