Creekmur Asset Management LLC Has $749,000 Stock Holdings in DaVita Inc. (NYSE:DVA)

Creekmur Asset Management LLC decreased its stake in DaVita Inc. (NYSE:DVA) by 27.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,898 shares of the company’s stock after selling 1,822 shares during the period. Creekmur Asset Management LLC’s holdings in DaVita were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in DaVita by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 2,711 shares of the company’s stock worth $405,000 after purchasing an additional 227 shares during the period. Fifth Third Bancorp grew its stake in DaVita by 5.0% during the first quarter. Fifth Third Bancorp now owns 4,274 shares of the company’s stock worth $654,000 after purchasing an additional 204 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in DaVita during the first quarter worth approximately $223,000. Wealth Enhancement Advisory Services LLC grew its stake in DaVita by 22.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,351 shares of the company’s stock worth $666,000 after purchasing an additional 800 shares during the period. Finally, OneDigital Investment Advisors LLC acquired a new stake in DaVita during the first quarter worth approximately $200,000. Institutional investors and hedge funds own 90.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised DaVita from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Truist Financial cut their price target on DaVita from $170.00 to $164.00 and set a “hold” rating on the stock in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $164.50.

DaVita Stock Up 1.9%

DVA stock opened at $142.85 on Friday. DaVita Inc. has a twelve month low of $131.76 and a twelve month high of $179.60. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 23.18. The stock’s 50 day moving average is $140.16 and its 200-day moving average is $148.63. The firm has a market capitalization of $10.79 billion, a PE ratio of 14.20, a P/E/G ratio of 0.98 and a beta of 1.11.

DaVita (NYSE:DVA) last posted its earnings results on Monday, May 12th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.25. DaVita had a return on equity of 176.11% and a net margin of 6.63%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same quarter last year, the company earned $2.26 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that DaVita Inc. will post 10.76 EPS for the current fiscal year.

DaVita Company Profile

DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers.