UnitedHealth Group Incorporated $UNH Shares Sold by Wealth Management Partners LLC

Wealth Management Partners LLC lessened its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 52.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the healthcare conglomerate’s stock after selling 1,701 shares during the quarter. Wealth Management Partners LLC’s holdings in UnitedHealth Group were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Moss Adams Wealth Advisors LLC grew its position in UnitedHealth Group by 49.8% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 4,556 shares of the healthcare conglomerate’s stock worth $1,573,000 after purchasing an additional 1,515 shares during the period. Capital Advisors Inc. OK lifted its holdings in UnitedHealth Group by 3.4% in the third quarter. Capital Advisors Inc. OK now owns 8,981 shares of the healthcare conglomerate’s stock valued at $3,101,000 after acquiring an additional 292 shares during the period. Davis Capital Management acquired a new stake in shares of UnitedHealth Group during the 3rd quarter worth approximately $361,000. Penn Davis Mcfarland Inc. lifted its stake in shares of UnitedHealth Group by 0.9% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 135,687 shares of the healthcare conglomerate’s stock valued at $46,853,000 after purchasing an additional 1,183 shares during the period. Finally, Rexford Capital Inc. increased its holdings in UnitedHealth Group by 6.4% in the third quarter. Rexford Capital Inc. now owns 1,586 shares of the healthcare conglomerate’s stock valued at $548,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

UNH has been the topic of a number of analyst reports. Morgan Stanley raised their target price on UnitedHealth Group from $325.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft cut UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price objective for the company. in a research report on Wednesday, October 29th. TD Cowen lifted their price target on shares of UnitedHealth Group from $335.00 to $338.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Wells Fargo & Company increased their price objective on shares of UnitedHealth Group from $267.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Barclays raised their price target on shares of UnitedHealth Group from $352.00 to $386.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $385.54.

UnitedHealth Group Stock Up 1.9%

UNH stock opened at $336.34 on Friday. UnitedHealth Group Incorporated has a 12 month low of $234.60 and a 12 month high of $606.36. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The company has a market cap of $304.67 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.03 and a beta of 0.42. The firm has a 50-day moving average of $330.58 and a two-hundred day moving average of $319.79.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.05. The firm had revenue of $113.16 billion for the quarter, compared to the consensus estimate of $113.19 billion. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $7.15 earnings per share. As a group, analysts forecast that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 8th were issued a dividend of $2.21 per share. The ex-dividend date was Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a dividend yield of 2.6%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 46.14%.

UnitedHealth Group Company Profile

UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.

UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.