Bank of Hawaii trimmed its holdings in shares of Davita Inc (NYSE:DVA) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,221 shares of the company’s stock after selling 5,319 shares during the quarter. Bank of Hawaii’s holdings in Davita were worth $377,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Davita during the third quarter worth about $154,000. Country Club Trust Company n.a. bought a new position in Davita during the fourth quarter worth about $207,000. Berkshire Asset Management LLC PA bought a new position in Davita during the fourth quarter worth about $234,000. Ferguson Wellman Capital Management Inc. bought a new position in Davita during the fourth quarter worth about $236,000. Finally, IFG Advisory LLC bought a new position in Davita during the fourth quarter worth about $205,000. 82.88% of the stock is currently owned by institutional investors and hedge funds.
In other Davita news, VP Leanne M. Zumwalt sold 949 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $68.19, for a total transaction of $64,712.31. Following the sale, the vice president now directly owns 12,423 shares in the company, valued at $847,124.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James K. Hilger sold 3,572 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $78.95, for a total transaction of $282,009.40. Following the sale, the insider now owns 33,649 shares in the company, valued at $2,656,588.55. The disclosure for this sale can be found here. Insiders have sold 121,509 shares of company stock worth $8,310,388 over the last quarter. Corporate insiders own 2.10% of the company’s stock.
Davita (NYSE:DVA) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.90 billion. Davita had a return on equity of 12.86% and a net margin of 4.65%. During the same quarter in the previous year, the company earned $0.98 earnings per share. equities analysts predict that Davita Inc will post 4.15 EPS for the current fiscal year.
A number of research firms recently commented on DVA. SunTrust Banks set a $75.00 price target on shares of Davita and gave the stock a “hold” rating in a research report on Thursday, December 21st. Royal Bank of Canada lowered their price target on shares of Davita from $64.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 8th. Bank of America reaffirmed a “buy” rating and set a $92.00 price target (up from $85.00) on shares of Davita in a research report on Thursday, January 11th. KeyCorp reaffirmed a “hold” rating on shares of Davita in a research report on Monday, November 13th. Finally, Robert W. Baird set a $97.00 price target on shares of Davita and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Davita presently has a consensus rating of “Hold” and an average price target of $79.30.
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DaVita Inc, formerly DaVita HealthCare Partners Inc, operates two divisions: DaVita Kidney Care (Kidney Care) and DaVita Medical Group (DMG). The Kidney Care division consists of its the United States dialysis and related lab services, its ancillary services and strategic initiatives, including its international operations, and its corporate administrative support.
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