OVERSEA CHINESE BANKING Corp Ltd Takes Position in HCA Healthcare, Inc. $HCA

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, Holdings Channel.com reports. The fund bought 1,480 shares of the company’s stock, valued at approximately $577,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HCA. E Fund Management Co. Ltd. bought a new stake in shares of HCA Healthcare during the 2nd quarter worth $524,000. Edmond DE Rothschild Holding S.A. purchased a new stake in HCA Healthcare during the second quarter valued at about $264,000. CM Wealth Advisors LLC purchased a new position in shares of HCA Healthcare in the 2nd quarter worth about $206,000. Csenge Advisory Group purchased a new position in shares of HCA Healthcare during the 2nd quarter valued at about $1,028,000. Finally, Planning Directions Inc. purchased a new stake in HCA Healthcare in the second quarter worth approximately $217,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

HCA Healthcare Trading Up 5.6%

HCA Healthcare stock opened at $429.08 on Friday. HCA Healthcare, Inc. has a 1-year low of $353.99 and a 1-year high of $556.52. The firm has a market cap of $92.90 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.41 and a beta of 1.10. The firm has a 50-day moving average of $397.16 and a 200-day moving average of $444.14.

HCA Healthcare (NYSE:HCA) last released its quarterly earnings results on Friday, July 24th. The company reported $7.59 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.76 billion. During the same quarter in the prior year, the company posted $6.84 EPS. HCA Healthcare’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts forecast that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.12 annualized dividend and a yield of 0.7%. HCA Healthcare’s payout ratio is 10.45%.

Analysts Set New Price Targets

HCA has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of HCA Healthcare from $402.00 to $387.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Weiss Ratings downgraded shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Wall Street Zen cut HCA Healthcare from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen dropped their target price on HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, KeyCorp decreased their price target on HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned 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 a consensus price target of $462.64.

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.