Retirement Systems of Alabama Has $73 Million Position in HCA Healthcare, Inc. (NYSE:HCA)

Retirement Systems of Alabama reduced its stake in HCA Healthcare, Inc. (NYSE:HCA) by 7.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 179,613 shares of the company’s stock after selling 15,209 shares during the quarter. Retirement Systems of Alabama’s holdings in HCA Healthcare were worth $73,000,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HCA. MFA Wealth Advisors LLC bought a new stake in shares of HCA Healthcare in the 2nd quarter worth about $27,000. Unique Wealth Strategies LLC bought a new stake in HCA Healthcare during the second quarter worth about $28,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of HCA Healthcare by 284.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 96 shares of the company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in HCA Healthcare in the 3rd quarter valued at $39,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of HCA Healthcare during the third quarter worth $41,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. KeyCorp decreased their price objective on shares of HCA Healthcare from $475.00 to $420.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. TD Cowen reduced their price objective on HCA Healthcare from $450.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Cantor Fitzgerald restated an “overweight” rating and set a $392.00 target price on shares of HCA Healthcare in a research report on Tuesday, October 1st. Wells Fargo & Company lowered HCA Healthcare from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $400.00 to $320.00 in a research report on Monday, November 25th. Finally, Raymond James cut shares of HCA Healthcare from an “outperform” rating to a “market perform” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, HCA Healthcare has an average rating of “Moderate Buy” and an average price target of $387.13.

Insider Activity

In other news, insider Erol R. Akdamar sold 2,900 shares of HCA Healthcare stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $353.00, for a total value of $1,023,700.00. Following the sale, the insider now directly owns 6,843 shares in the company, valued at $2,415,579. This trade represents a 29.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Phillip G. Billington sold 3,897 shares of HCA Healthcare stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $350.00, for a total transaction of $1,363,950.00. Following the completion of the sale, the senior vice president now owns 52,702 shares in the company, valued at $18,445,700. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

HCA Healthcare Trading Down 1.0 %

NYSE:HCA opened at $311.99 on Friday. The company has a debt-to-equity ratio of 48.71, a current ratio of 1.12 and a quick ratio of 1.00. The stock has a market capitalization of $79.03 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63. The business’s 50-day simple moving average is $356.94 and its 200-day simple moving average is $358.27. HCA Healthcare, Inc. has a fifty-two week low of $261.31 and a fifty-two week high of $417.14.

HCA Healthcare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, December 13th. HCA Healthcare’s payout ratio is presently 11.85%.

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.