TD Asset Management Inc Reduces Holdings in HCA Healthcare, Inc. $HCA

TD Asset Management Inc lowered its holdings in shares of HCA Healthcare, Inc. (NYSE:HCA) by 13.9% in the second quarter, Holdings Channel reports. The firm owned 577,618 shares of the company’s stock after selling 92,951 shares during the quarter. TD Asset Management Inc’s holdings in HCA Healthcare were worth $221,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Cheviot Value Management LLC acquired a new stake in HCA Healthcare during the 1st quarter worth $26,000. Saudi Central Bank acquired a new stake in HCA Healthcare during the 1st quarter worth $26,000. WPG Advisers LLC acquired a new stake in HCA Healthcare during the 1st quarter worth $27,000. Ameriflex Group Inc. acquired a new stake in shares of HCA Healthcare in the 2nd quarter worth $27,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of HCA Healthcare in the 2nd quarter worth $27,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HCA shares. Weiss Ratings restated a “buy (b-)” rating on shares of HCA Healthcare in a research note on Wednesday, October 8th. Bank of America raised their target price on shares of HCA Healthcare from $375.00 to $410.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group set a $470.00 price objective on shares of HCA Healthcare in a research note on Tuesday. Barclays raised their price objective on shares of HCA Healthcare from $390.00 to $445.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Finally, Truist Financial raised their price objective on shares of HCA Healthcare from $390.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $425.71.

Insider Activity at HCA Healthcare

In other news, EVP Michael S. Cuffe sold 3,836 shares of HCA Healthcare stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $418.84, for a total transaction of $1,606,670.24. Following the completion of the sale, the executive vice president directly owned 31,503 shares in the company, valued at $13,194,716.52. The trade was a 10.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

HCA Healthcare Trading Down 1.1%

Shares of HCA opened at $410.71 on Tuesday. The stock has a market cap of $96.10 billion, a P/E ratio of 17.26, a PEG ratio of 1.31 and a beta of 1.40. The company has a 50-day moving average of $406.07 and a two-hundred day moving average of $376.56. HCA Healthcare, Inc. has a 12-month low of $289.98 and a 12-month high of $439.01.

HCA Healthcare (NYSE:HCA) last announced its earnings results on Friday, July 25th. The company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.20 by $0.64. The company had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.49 billion. HCA Healthcare had a net margin of 8.21% and a negative return on equity of 7,363.11%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.50 earnings per share. HCA Healthcare has set its FY 2025 guidance at 25.500-27.000 EPS. As a group, analysts forecast that HCA Healthcare, Inc. will post 24.98 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.7%. HCA Healthcare’s payout ratio is 12.11%.

HCA Healthcare Company Profile

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.