Roberts Glore & Co. Inc. IL Invests $591,000 in HCA Healthcare, Inc. $HCA

Roberts Glore & Co. Inc. IL bought a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,517 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Palisade Asset Management LLC acquired a new stake in HCA Healthcare in the third quarter worth about $26,000. Ares Financial Consulting LLC acquired a new position in HCA Healthcare in the 4th quarter worth $31,000. Cedar Mountain Advisors LLC bought a new stake in HCA Healthcare in the 1st quarter valued at approximately $33,000. MCF Advisors LLC boosted its holdings in HCA Healthcare by 213.0% during the fourth quarter. MCF Advisors LLC now owns 72 shares of the company’s stock worth $34,000 after purchasing an additional 49 shares during the last quarter. Finally, MidFirst Bank acquired a new position in shares of HCA Healthcare during the 2nd quarter worth about $28,000. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCA has been the subject of a number of analyst reports. Argus decreased their price target on HCA Healthcare from $560.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, May 4th. The Goldman Sachs Group decreased their target price on shares of HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Barclays cut their price target on shares of HCA Healthcare from $402.00 to $387.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. TD Cowen dropped their target price on shares of HCA Healthcare from $500.00 to $431.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Finally, Raymond James Financial set a $528.00 price objective on HCA Healthcare in a research note on Tuesday, July 7th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.64.

HCA Healthcare Price Performance

HCA Healthcare stock opened at $428.90 on Wednesday. HCA Healthcare, Inc. has a one year low of $353.99 and a one year high of $556.52. The firm has a market cap of $92.86 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10. The stock’s fifty day moving average price is $398.59 and its two-hundred day moving average price is $442.83.

HCA Healthcare (NYSE:HCA) last posted its quarterly earnings data on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, topping the consensus estimate of $7.56 by $0.03. The business had revenue of $20.23 billion during 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%. HCA Healthcare’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.84 earnings per share. Sell-side analysts expect that HCA Healthcare, Inc. will post 29.42 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 16th. HCA Healthcare’s payout ratio is currently 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.