Munich Reinsurance Co Stock Corp in Munich Trims Stock Position in HCA Healthcare, Inc. $HCA

Munich Reinsurance Co Stock Corp in Munich decreased its holdings in HCA Healthcare, Inc. (NYSE:HCA) by 91.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,857 shares of the company’s stock after selling 20,009 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in HCA Healthcare were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HCA. Palisade Asset Management LLC bought a new position in HCA Healthcare in the 3rd quarter worth $26,000. MidFirst Bank purchased a new stake in HCA Healthcare in the second quarter worth about $28,000. Clearstead Trust LLC purchased a new position in shares of HCA Healthcare during the 2nd quarter valued at about $29,000. Cedar Mountain Advisors LLC bought a new stake in HCA Healthcare during the 1st quarter worth approximately $33,000. Finally, JPL Wealth Management LLC bought a new position in shares of HCA Healthcare in the third quarter worth approximately $33,000. Institutional investors own 62.73% of the company’s stock.

HCA Healthcare Stock Performance

NYSE HCA opened at $404.95 on Friday. The stock has a 50 day moving average price of $403.35 and a 200-day moving average price of $437.55. HCA Healthcare, Inc. has a one year low of $353.99 and a one year high of $556.52. The company has a market capitalization of $87.67 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.33 and a beta of 1.10.

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

HCA Healthcare Announces Dividend

The business also recently disclosed 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 0.8%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio (DPR) is presently 10.45%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HCA shares. Raymond James Financial set a $528.00 target price on shares of HCA Healthcare in a report on Tuesday, July 7th. Truist Financial dropped their price objective on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating on shares of HCA Healthcare in a report on Wednesday, July 15th. Weiss Ratings lowered shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Finally, UBS Group dropped their target price on shares of HCA Healthcare from $635.00 to $579.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.