HCA Healthcare, Inc. (NYSE:HCA) Shares Acquired by Hedeker Wealth LLC

Hedeker Wealth LLC grew its stake in shares of HCA Healthcare, Inc. (NYSE:HCA) by 0.8% in the 1st quarter, HoldingsChannel reports. The firm owned 11,117 shares of the company’s stock after acquiring an additional 89 shares during the quarter. Hedeker Wealth LLC’s holdings in HCA Healthcare were worth $3,708,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in HCA Healthcare in the 4th quarter worth about $694,985,000. Royal Bank of Canada lifted its stake in HCA Healthcare by 35.7% in the 4th quarter. Royal Bank of Canada now owns 4,503,918 shares of the company’s stock worth $1,219,121,000 after acquiring an additional 1,183,890 shares in the last quarter. Capital World Investors increased its position in HCA Healthcare by 112.1% in the 4th quarter. Capital World Investors now owns 1,772,627 shares of the company’s stock worth $479,815,000 after purchasing an additional 936,823 shares during the last quarter. Sanders Capital LLC increased its position in HCA Healthcare by 4.2% in the 4th quarter. Sanders Capital LLC now owns 11,404,003 shares of the company’s stock worth $3,086,836,000 after purchasing an additional 456,738 shares during the last quarter. Finally, TD Asset Management Inc increased its position in HCA Healthcare by 230.5% in the 4th quarter. TD Asset Management Inc now owns 553,225 shares of the company’s stock worth $149,747,000 after purchasing an additional 385,854 shares during the last quarter. 62.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HCA shares. Oppenheimer upped their target price on HCA Healthcare from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Robert W. Baird assumed coverage on HCA Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $396.00 price objective on the stock. Baird R W raised HCA Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company increased their price objective on HCA Healthcare from $303.00 to $315.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Finally, StockNews.com raised HCA Healthcare from a “buy” rating to a “strong-buy” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.53.

Insider Buying and Selling

In related news, SVP Kathryn A. Torres sold 973 shares of HCA Healthcare stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $312.00, for a total transaction of $303,576.00. Following the completion of the sale, the senior vice president now directly owns 22,365 shares of the company’s stock, valued at $6,977,880. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other HCA Healthcare news, SVP Kathryn A. Torres sold 973 shares of HCA Healthcare stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $312.00, for a total transaction of $303,576.00. Following the transaction, the senior vice president now directly owns 22,365 shares in the company, valued at $6,977,880. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kathryn A. Torres sold 1,863 shares of HCA Healthcare stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $326.18, for a total value of $607,673.34. Following the transaction, the senior vice president now owns 19,612 shares in the company, valued at $6,397,042.16. The disclosure for this sale can be found here. Insiders sold a total of 12,397 shares of company stock valued at $3,921,929 over the last three months. Company insiders own 1.70% of the company’s stock.

HCA Healthcare Stock Performance

Shares of HCA stock traded up $2.39 during mid-day trading on Wednesday, reaching $322.09. The stock had a trading volume of 180,187 shares, compared to its average volume of 1,095,602. The firm’s 50 day simple moving average is $326.06 and its 200 day simple moving average is $317.80. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 29.26. HCA Healthcare, Inc. has a one year low of $215.96 and a one year high of $344.20. The firm has a market cap of $84.36 billion, a PE ratio of 15.94, a P/E/G ratio of 1.49 and a beta of 1.68.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Friday, April 26th. The company reported $5.36 EPS for the quarter, topping the consensus estimate of $5.01 by $0.35. The business had revenue of $17.34 billion during 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%. HCA Healthcare’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $4.93 EPS. On average, analysts forecast that HCA Healthcare, Inc. will post 20.92 EPS for the current year.

HCA Healthcare Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, June 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.82%. HCA Healthcare’s dividend payout ratio (DPR) is presently 13.16%.

About HCA Healthcare

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.