Financial Strategies Group Inc. Purchases 1,409 Shares of HCA Healthcare, Inc. (NYSE:HCA)

Financial Strategies Group Inc. increased its holdings in shares of HCA Healthcare, Inc. (NYSE:HCA) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,199 shares of the company’s stock after acquiring an additional 1,409 shares during the period. HCA Healthcare comprises about 1.7% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 15th biggest position. Financial Strategies Group Inc.’s holdings in HCA Healthcare were worth $7,994,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. NorthRock Partners LLC boosted its stake in shares of HCA Healthcare by 17.4% in the 1st quarter. NorthRock Partners LLC now owns 1,310 shares of the company’s stock valued at $437,000 after purchasing an additional 194 shares in the last quarter. Norden Group LLC bought a new stake in HCA Healthcare during the first quarter worth about $597,000. Private Advisor Group LLC raised its stake in shares of HCA Healthcare by 14.5% in the first quarter. Private Advisor Group LLC now owns 3,980 shares of the company’s stock valued at $1,327,000 after acquiring an additional 503 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in HCA Healthcare by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,775 shares of the company’s stock valued at $4,594,000 after purchasing an additional 987 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new position in HCA Healthcare in the first quarter worth $203,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Insider Transactions at HCA Healthcare

In other news, EVP Michael S. Cuffe sold 8,358 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $385.42, for a total transaction of $3,221,340.36. Following the completion of the transaction, the executive vice president now directly owns 29,678 shares of the company’s stock, valued at $11,438,494.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley began coverage on shares of HCA Healthcare in a research report on Tuesday, September 3rd. They set an “equal weight” rating and a $427.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $392.00 price target on shares of HCA Healthcare in a research note on Tuesday, October 1st. Wolfe Research raised HCA Healthcare to a “strong-buy” rating in a report on Thursday, August 29th. KeyCorp dropped their target price on HCA Healthcare from $475.00 to $420.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company boosted their price objective on HCA Healthcare from $395.00 to $400.00 and gave the stock an “equal weight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $379.39.

HCA Healthcare Price Performance

NYSE HCA opened at $356.03 on Friday. The business has a 50 day simple moving average of $391.18 and a 200 day simple moving average of $355.72. The company has a debt-to-equity ratio of 48.71, a quick ratio of 1.00 and a current ratio of 1.12. HCA Healthcare, Inc. has a 52-week low of $226.48 and a 52-week high of $417.14. The stock has a market cap of $90.18 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.39 and a beta of 1.68.

HCA Healthcare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, December 13th. HCA Healthcare’s dividend payout ratio is 11.85%.

HCA Healthcare Company 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.