OneAscent Financial Services LLC Purchases New Holdings in HCA Healthcare, Inc. $HCA

OneAscent Financial Services LLC bought a new stake in shares of HCA Healthcare, Inc. (NYSE:HCA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,894 shares of the company’s stock, valued at approximately $738,000.

Other large investors have also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in HCA Healthcare in the 3rd quarter worth about $26,000. MidFirst Bank acquired a new stake in shares of HCA Healthcare during the second quarter worth approximately $28,000. Clearstead Trust LLC purchased a new stake in HCA Healthcare in the 2nd quarter worth approximately $29,000. Ares Financial Consulting LLC purchased a new position in shares of HCA Healthcare during the 4th quarter valued at $31,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of HCA Healthcare during the first quarter worth $33,000. 62.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer dropped their target price on HCA Healthcare from $520.00 to $485.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. The Goldman Sachs Group dropped their price objective on HCA Healthcare from $558.00 to $485.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Barclays decreased their target price on shares of HCA Healthcare from $402.00 to $387.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Mizuho reduced their price objective on shares of HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Finally, Robert W. Baird cut their target price on HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.64.

HCA Healthcare Trading Down 0.2%

NYSE HCA opened at $406.33 on Friday. The company has a market cap of $87.97 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.41 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 company has a fifty day simple moving average of $396.32 and a 200 day simple moving average of $444.25.

HCA Healthcare (NYSE:HCA) last released its 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 firm had revenue of $20.23 billion during the quarter, compared to analyst estimates 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 was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.84 EPS. Equities research analysts forecast that HCA Healthcare, Inc. will post 29.47 EPS for the current fiscal year.

HCA Healthcare Announces Dividend

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

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.