Canandaigua National Trust Co of Florida Buys New Holdings in HCA Healthcare, Inc. $HCA

Canandaigua National Trust Co of Florida purchased a new position in HCA Healthcare, Inc. (NYSE:HCA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,528 shares of the company’s stock, valued at approximately $1,079,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in HCA Healthcare during the 2nd quarter valued at approximately $5,069,974,000. Legal & General Group Plc bought a new position in shares of HCA Healthcare during the second quarter valued at approximately $410,992,000. Jupiter Topco LLC bought a new stake in HCA Healthcare in the second quarter valued at $371,138,000. Wellington Management Group LLP lifted its position in shares of HCA Healthcare by 20.5% in the 2nd quarter. Wellington Management Group LLP now owns 4,707,473 shares of the company’s stock worth $1,835,397,000 after purchasing an additional 799,761 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of HCA Healthcare during the second quarter valued at about $238,457,000. 62.73% of the stock is owned by institutional investors.

HCA Healthcare Stock Performance

Shares of NYSE:HCA traded up $6.36 during midday trading on Wednesday, reaching $438.56. 998,798 shares of the company’s stock traded hands, compared to its average volume of 1,347,548. HCA Healthcare, Inc. has a one year low of $353.99 and a one year high of $556.52. The stock has a 50 day moving average of $418.32 and a 200 day moving average of $420.54. The company has a market cap of $94.95 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.47 and a beta of 1.10.

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

HCA Healthcare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 16th. HCA Healthcare’s dividend payout ratio (DPR) is 10.45%.

Analyst Ratings Changes

Several research firms have weighed in on HCA. UBS Group cut their price objective on HCA Healthcare from $635.00 to $579.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. The Goldman Sachs Group reduced their price target on HCA Healthcare from $558.00 to $485.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. KeyCorp dropped their target price on shares of HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. TD Cowen decreased their target price on shares of HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of HCA Healthcare in a research note on Friday, October 2nd. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $466.35.

About HCA Healthcare

HCA Healthcare, Inc is a provider of healthcare services in the United States. Through its network of hospitals and other healthcare facilities, the company delivers services including emergency and urgent care, surgery, inpatient and outpatient treatment, women’s and children’s care, cardiology, oncology, orthopedics, and behavioral health services.

HCA Healthcare also operates physician practices, ambulatory surgery centers, freestanding emergency rooms, diagnostic facilities, and other outpatient care sites.