UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc lowered its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 48.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,205 shares of the healthcare conglomerate’s stock after selling 1,118 shares during the quarter. InTrack Investment Management Inc’s holdings in UnitedHealth Group were worth $655,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Canoe Financial LP grew its holdings in shares of UnitedHealth Group by 24.4% during the fourth quarter. Canoe Financial LP now owns 462,100 shares of the healthcare conglomerate’s stock valued at $233,758,000 after buying an additional 90,585 shares during the last quarter. DB Fitzpatrick & Co Inc purchased a new stake in UnitedHealth Group during the 4th quarter valued at about $839,000. Dakota Community Bank & Trust NA raised its stake in shares of UnitedHealth Group by 19.5% in the fourth quarter. Dakota Community Bank & Trust NA now owns 398 shares of the healthcare conglomerate’s stock worth $201,000 after purchasing an additional 65 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in UnitedHealth Group by 1.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 25,223 shares of the healthcare conglomerate’s stock valued at $12,759,000 after buying an additional 432 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in UnitedHealth Group during the 4th quarter worth approximately $62,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UNH. Bank of America reduced their target price on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their target price on UnitedHealth Group from $595.00 to $625.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Morgan Stanley dropped their price objective on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $700.00 price target on shares of UnitedHealth Group in a report on Friday. Finally, Stephens upped their price target on UnitedHealth Group from $605.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $627.74.

UnitedHealth Group Stock Down 0.1 %

UnitedHealth Group stock opened at $510.03 on Friday. UnitedHealth Group Incorporated has a twelve month low of $436.38 and a twelve month high of $630.73. The firm has a market capitalization of $469.37 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.42 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $551.50 and its 200-day simple moving average is $562.62.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping the consensus estimate of $6.74 by $0.07. The company had revenue of $100.81 billion during the quarter, compared to analysts’ expectations of $101.60 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.83 EPS. As a group, equities analysts expect that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, December 9th. UnitedHealth Group’s dividend payout ratio (DPR) is 54.72%.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.