Cibc World Market Inc. Invests $14.61 Million in HCA Healthcare, Inc. $HCA

Cibc World Market Inc. acquired a new stake in HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 37,460 shares of the company’s stock, valued at approximately $14,605,000.

A number of other institutional investors also recently modified their holdings of the business. OMERS ADMINISTRATION Corp bought a new position in HCA Healthcare in the 2nd quarter worth approximately $4,832,000. Osmosis Investment Management UK Ltd purchased a new stake in shares of HCA Healthcare during the second quarter worth $1,794,000. Sanctuary Advisors LLC purchased a new position in shares of HCA Healthcare in the second quarter valued at $3,814,000. Solstein Capital LLC purchased a new stake in HCA Healthcare during the 2nd quarter worth about $58,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of HCA Healthcare during the second quarter valued at about $996,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

HCA Healthcare Stock Performance

Shares of NYSE:HCA opened at $429.19 on Tuesday. The firm has a fifty day moving average of $397.94 and a 200 day moving average of $443.28. HCA Healthcare, Inc. has a 52-week low of $353.99 and a 52-week high of $556.52. The firm has a market capitalization of $92.92 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 244.79% and a net margin of 8.77%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.84 earnings per share. On average, sell-side 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 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 0.7%. HCA Healthcare’s dividend payout ratio (DPR) is 10.45%.

Analyst Ratings Changes

HCA has been the subject of a number of analyst reports. Leerink Partners cut their price objective on shares of HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Raymond James Financial set a $528.00 price target on shares of HCA Healthcare in a report on Tuesday, July 7th. Wall Street Zen downgraded HCA Healthcare from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group reduced their target price on HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, Morgan Stanley dropped their price target on HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Fourteen equities 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. Based on data from MarketBeat.com, HCA Healthcare currently has an average rating of “Moderate Buy” and an average target price of $462.64.

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.