Meeder Asset Management Inc. Invests $875,000 in HCA Healthcare, Inc. $HCA

Meeder Asset Management Inc. bought a new position in HCA Healthcare, Inc. (NYSE:HCA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,245 shares of the company’s stock, valued at approximately $875,000.

A number of other large investors also recently made changes to their positions in HCA. Palisade Asset Management LLC purchased a new position in HCA Healthcare during the third quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new stake in shares of HCA Healthcare during the 4th quarter worth about $31,000. Cedar Mountain Advisors LLC bought a new stake in HCA Healthcare in the first quarter worth $33,000. MCF Advisors LLC lifted its position in shares of HCA Healthcare by 213.0% in the fourth quarter. MCF Advisors LLC now owns 72 shares of the company’s stock worth $34,000 after buying an additional 49 shares during the last quarter. Finally, MidFirst Bank bought a new position in HCA Healthcare in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HCA shares. Truist Financial dropped their price objective on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on shares of HCA Healthcare from $535.00 to $490.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Wall Street Zen cut HCA Healthcare from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, Argus decreased their target price on shares of HCA Healthcare from $560.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HCA Healthcare has an average rating of “Moderate Buy” and a consensus price target of $465.59.

HCA Healthcare Stock Up 1.8%

Shares of HCA stock opened at $412.27 on Wednesday. The company has a market capitalization of $89.26 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.40 and a beta of 1.10. The firm has a 50-day moving average price of $395.07 and a 200 day moving average price of $445.35. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The company had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.76 billion. During the same quarter in the previous year, the company posted $6.84 earnings per share. HCA Healthcare’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that HCA Healthcare, Inc. will post 29.47 earnings per share for the current year.

HCA Healthcare Announces Dividend

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

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.