Global Retirement Partners LLC Invests $1.22 Million in HCA Healthcare, Inc. $HCA

Global Retirement Partners LLC acquired a new position in HCA Healthcare, Inc. (NYSE:HCA) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,117 shares of the company’s stock, valued at approximately $1,215,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HCA. Palisade Asset Management LLC bought a new position in shares of HCA Healthcare during the third quarter worth about $26,000. Ares Financial Consulting LLC bought a new position in HCA Healthcare in the 4th quarter worth approximately $31,000. Cedar Mountain Advisors LLC acquired a new position in shares of HCA Healthcare during the first quarter valued at approximately $33,000. MCF Advisors LLC raised its position in 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 acquiring an additional 49 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of HCA Healthcare during the 2nd quarter worth $29,000. 62.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HCA shares. Robert W. Baird cut their price target on shares of HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Wells Fargo & Company upped their price target on HCA Healthcare from $369.00 to $381.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Leerink Partners lowered their target price on HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Sanford C. Bernstein restated a “market perform” rating on shares of HCA Healthcare in a research note on Wednesday, July 15th. Finally, 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. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HCA Healthcare has an average rating of “Moderate Buy” and a consensus target price of $465.59.

HCA Healthcare Price Performance

NYSE HCA opened at $405.53 on Tuesday. The company’s fifty day moving average is $394.30 and its two-hundred day moving average is $445.90. 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 $87.80 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.40 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, beating the consensus estimate of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The firm had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.76 billion. During the same period in the previous year, the company posted $6.84 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

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 issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. HCA Healthcare’s dividend payout ratio is presently 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.