Kingsview Wealth Management LLC Acquires Shares of 1,891 HCA Healthcare, Inc. $HCA

Kingsview Wealth Management LLC bought a new stake in HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,891 shares of the company’s stock, valued at approximately $737,000.

A number of other institutional investors also recently bought and sold shares of HCA. Palisade Asset Management LLC acquired a new stake in HCA Healthcare during the 3rd quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of HCA Healthcare during the first quarter worth approximately $33,000. MCF Advisors LLC grew its position in HCA Healthcare by 213.0% in the 4th quarter. MCF Advisors LLC now owns 72 shares of the company’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. MidFirst Bank acquired a new stake in shares of HCA Healthcare in the 2nd quarter worth $28,000. Finally, Clearstead Trust LLC acquired a new position in shares of HCA Healthcare during the second quarter worth about $29,000. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on HCA. Morgan Stanley lowered their price objective on HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating on the stock in a report on Monday, July 27th. Weiss Ratings cut HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of HCA Healthcare in a research report on Wednesday, July 15th. Raymond James Financial set a $528.00 price target on shares of HCA Healthcare in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group set a $450.00 price objective on shares of HCA Healthcare in a report on Tuesday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $462.64.

HCA Healthcare Stock Down 0.1%

NYSE:HCA opened at $417.57 on Monday. HCA Healthcare, Inc. has a 52-week low of $353.99 and a 52-week high of $556.52. The stock has a fifty day simple moving average of $401.08 and a 200-day simple moving average of $441.07. The company has a market capitalization of $90.40 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.10.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, beating the consensus estimate of $7.56 by $0.03. The firm had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.76 billion. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $6.84 EPS. As a group, equities analysts anticipate that HCA Healthcare, Inc. will post 29.42 earnings per share for the current year.

HCA Healthcare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend on an annualized basis and a dividend yield of 0.7%. HCA Healthcare’s dividend payout ratio (DPR) is presently 10.45%.

HCA Healthcare Company 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.