1,469 Shares in HCA Healthcare, Inc. $HCA Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new stake in HCA Healthcare, Inc. (NYSE:HCA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,469 shares of the company’s stock, valued at approximately $573,000.

A number of other hedge funds have also recently added to or reduced their stakes in HCA. Palisade Asset Management LLC acquired a new position in HCA Healthcare during the third quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in shares of HCA Healthcare during the second quarter worth approximately $29,000. Ares Financial Consulting LLC purchased a new stake in HCA Healthcare in the 4th quarter valued at $31,000. Cedar Mountain Advisors LLC purchased a new position in HCA Healthcare during the 1st quarter worth $33,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of HCA Healthcare during the third quarter worth about $33,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

HCA Healthcare Stock Performance

NYSE:HCA opened at $412.27 on Wednesday. The stock has a market capitalization of $89.26 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.40 and a beta of 1.10. HCA Healthcare, Inc. has a 1 year low of $353.99 and a 1 year high of $556.52. The stock has a fifty day moving average price of $395.07 and a two-hundred day moving average price of $445.35.

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, topping analysts’ consensus estimates of $7.56 by $0.03. The business had revenue of $20.23 billion for 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 for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $6.84 EPS. On average, analysts predict that HCA Healthcare, Inc. will post 29.47 EPS for the current year.

HCA Healthcare Announces Dividend

The company 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 dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. HCA Healthcare’s payout ratio is 10.45%.

Wall Street Analysts Forecast Growth

HCA has been the subject of several analyst reports. Leerink Partners reduced their price objective on HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Wall Street Zen cut HCA Healthcare from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Raymond James Financial set a $528.00 price objective on shares of HCA Healthcare in a research report on Tuesday, July 7th. Jefferies Financial Group set a $450.00 target price on shares of HCA Healthcare in a research note on Tuesday, July 14th. Finally, KeyCorp dropped their price target on shares of HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $465.59.

HCA Healthcare 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.