NEOS Investment Management LLC Acquires 2,724 Shares of HCA Healthcare, Inc. $HCA

NEOS Investment Management LLC lifted its holdings in HCA Healthcare, Inc. (NYSE:HCA) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,349 shares of the company’s stock after buying an additional 2,724 shares during the period. NEOS Investment Management LLC’s holdings in HCA Healthcare were worth $9,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in HCA Healthcare during the second quarter valued at $5,069,974,000. State Street Corp raised its position in HCA Healthcare by 1.0% in the 4th quarter. State Street Corp now owns 7,566,643 shares of the company’s stock worth $3,532,563,000 after purchasing an additional 76,039 shares during the period. Capital World Investors boosted its position in shares of HCA Healthcare by 0.8% during the fourth quarter. Capital World Investors now owns 4,999,422 shares of the company’s stock valued at $2,334,040,000 after buying an additional 40,086 shares during the period. Wellington Management Group LLP raised its holdings in shares of HCA Healthcare by 20.5% in the second quarter. Wellington Management Group LLP now owns 4,707,473 shares of the company’s stock worth $1,835,397,000 after buying an additional 799,761 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in HCA Healthcare by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,663,705 shares of the company’s stock valued at $1,702,738,000 after acquiring an additional 13,565 shares during the period. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HCA has been the topic of a number of research analyst reports. Mizuho cut their price target on shares of HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Robert W. Baird dropped their price objective on HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $476.00 target price on HCA Healthcare in a report on Monday, July 27th. Truist Financial lowered their price objective on shares of HCA Healthcare from $535.00 to $495.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Finally, Wells Fargo & Company raised their target price on shares of HCA Healthcare from $369.00 to $381.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.64.

HCA Healthcare Trading Down 1.0%

Shares of HCA stock opened at $404.95 on Friday. The company has a market cap of $87.67 billion, a PE ratio of 13.56, a PEG ratio of 1.33 and a beta of 1.10. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52. The business’s fifty day simple moving average is $403.35 and its 200-day simple moving average is $437.55.

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

HCA Healthcare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. HCA Healthcare’s dividend payout ratio (DPR) is currently 10.45%.

HCA Healthcare Company Profile

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.