HCA Healthcare, Inc. $HCA Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of HCA Healthcare, Inc. (NYSE:HCA) by 20.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,707,473 shares of the company’s stock after purchasing an additional 799,761 shares during the period. Wellington Management Group LLP’s holdings in HCA Healthcare were worth $1,835,397,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HCA. Palisade Asset Management LLC acquired a new stake in HCA Healthcare in the 3rd quarter valued at $26,000. MidFirst Bank acquired a new stake in shares of HCA Healthcare in the second quarter valued at about $28,000. Clearstead Trust LLC purchased a new stake in shares of HCA Healthcare during the second quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in HCA Healthcare in the 3rd quarter valued at about $33,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in HCA Healthcare during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

HCA Healthcare Trading Down 0.4%

HCA Healthcare stock opened at $417.57 on Friday. The stock has a market cap of $90.40 billion, a P/E ratio of 13.98, a PEG ratio of 1.46 and a beta of 1.10. The company has a 50-day moving average price of $401.08 and a 200 day moving average price of $441.46. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52.

HCA Healthcare (NYSE:HCA) last posted its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, beating the consensus estimate of $7.56 by $0.03. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The business had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.76 billion. During the same quarter in the prior year, the company posted $6.84 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts forecast that HCA Healthcare, Inc. will post 29.42 EPS for the current year.

HCA Healthcare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio is 10.45%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen cut HCA Healthcare from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company upped their target price on shares of HCA Healthcare from $369.00 to $381.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $435.00 price target on shares of HCA Healthcare in a research report on Monday, July 27th. Oppenheimer cut their price objective on shares of HCA Healthcare from $520.00 to $485.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Finally, TD Cowen dropped their price target on HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.64.

About HCA Healthcare

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.