606 Shares in HCA Healthcare, Inc. (NYSE:HCA) Bought by PAX Financial Group LLC

PAX Financial Group LLC bought a new stake in HCA Healthcare, Inc. (NYSE:HCA) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 606 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HCA. Creative Financial Designs Inc. ADV boosted its stake in shares of HCA Healthcare by 19.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 253 shares of the company’s stock valued at $68,000 after purchasing an additional 42 shares in the last quarter. Whittier Trust Co. lifted its position in HCA Healthcare by 151.8% during the 4th quarter. Whittier Trust Co. now owns 1,143 shares of the company’s stock worth $309,000 after buying an additional 689 shares in the last quarter. Brookstone Capital Management lifted its position in HCA Healthcare by 1.1% during the 4th quarter. Brookstone Capital Management now owns 4,569 shares of the company’s stock worth $1,237,000 after buying an additional 49 shares in the last quarter. Norway Savings Bank acquired a new position in HCA Healthcare during the 4th quarter worth about $211,000. Finally, Premier Path Wealth Partners LLC acquired a new position in HCA Healthcare during the 4th quarter worth about $354,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kathryn A. Torres sold 973 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $312.00, for a total value of $303,576.00. Following the transaction, the senior vice president now owns 22,365 shares in the company, valued at $6,977,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Kathryn A. Torres sold 973 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $312.00, for a total value of $303,576.00. Following the sale, the senior vice president now directly owns 22,365 shares of the company’s stock, valued at $6,977,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kathryn A. Torres sold 1,863 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $326.18, for a total value of $607,673.34. Following the completion of the sale, the senior vice president now directly owns 19,612 shares in the company, valued at $6,397,042.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,397 shares of company stock worth $3,921,929. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

HCA has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on HCA Healthcare from $327.00 to $332.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Royal Bank of Canada boosted their price objective on HCA Healthcare from $322.00 to $329.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Robert W. Baird assumed coverage on HCA Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $396.00 price objective for the company. Oppenheimer upped their price target on HCA Healthcare from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Baird R W upgraded HCA Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.06.

HCA Healthcare Stock Performance

HCA stock traded up $14.79 during trading hours on Tuesday, hitting $340.17. 2,738,376 shares of the stock were exchanged, compared to its average volume of 1,146,411. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 29.26. The firm has a market capitalization of $89.09 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.46 and a beta of 1.68. The company has a 50-day simple moving average of $328.15 and a two-hundred day simple moving average of $321.75. HCA Healthcare, Inc. has a 12 month low of $215.96 and a 12 month high of $348.00.

HCA Healthcare (NYSE:HCA) last posted its quarterly earnings data on Friday, April 26th. The company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.35. The firm had revenue of $17.34 billion for the quarter, compared to analysts’ expectations of $16.81 billion. HCA Healthcare had a return on equity of 674.49% and a net margin of 8.20%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.93 EPS. On average, analysts forecast that HCA Healthcare, Inc. will post 20.97 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, June 14th. HCA Healthcare’s payout ratio is currently 13.16%.

HCA Healthcare Profile

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.