1,760 Shares in HCA Healthcare, Inc. $HCA Purchased by RHS Financial LLC

RHS Financial LLC acquired a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,760 shares of the company’s stock, valued at approximately $686,000.

Several other institutional investors have also recently added to or reduced their stakes in HCA. BlackRock Inc. bought a new position in HCA Healthcare during the 2nd quarter valued at $5,069,974,000. Norges Bank acquired a new stake in shares of HCA Healthcare in the 4th quarter valued at about $1,262,513,000. Life Cycle Investment Partners Ltd acquired a new position in HCA Healthcare in the fourth quarter worth about $374,037,000. Viking Global Investors LP lifted its holdings in HCA Healthcare by 58.5% during the 2nd quarter. Viking Global Investors LP now owns 1,872,133 shares of the company’s stock worth $717,214,000 after buying an additional 690,773 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of HCA Healthcare by 4,545.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663,337 shares of the company’s stock valued at $309,686,000 after acquiring an additional 649,058 shares during the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

HCA Healthcare Trading Up 1.8%

HCA opened at $412.27 on Wednesday. HCA Healthcare, Inc. has a twelve month low of $353.99 and a twelve month high of $556.52. The stock has a market cap of $89.26 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. The business’s 50 day moving average is $395.07 and its 200-day moving average is $445.35.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Friday, July 24th. The company reported $7.59 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 firm had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.76 billion. During the same period last year, the firm earned $6.84 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts forecast that HCA Healthcare, Inc. will post 29.47 EPS for the current year.

HCA Healthcare Dividend Announcement

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

Wall Street Analysts Forecast Growth

HCA has been the topic of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $435.00 target price on shares of HCA Healthcare in a report on Monday, July 27th. Weiss Ratings lowered shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Truist Financial decreased their target price 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. Argus cut their price target on HCA Healthcare from $560.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Morgan Stanley dropped their target price on HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Fourteen 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $465.59.

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.