Elmwood Wealth Management Inc. Sells 40 Shares of UnitedHealth Group Incorporated $UNH

Elmwood Wealth Management Inc. cut its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,388 shares of the healthcare conglomerate’s stock after selling 40 shares during the period. Elmwood Wealth Management Inc.’s holdings in UnitedHealth Group were worth $1,681,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kellett Wealth Advisors LLC boosted its position in UnitedHealth Group by 2.5% during the 2nd quarter. Kellett Wealth Advisors LLC now owns 1,704 shares of the healthcare conglomerate’s stock valued at $532,000 after acquiring an additional 41 shares in the last quarter. NorthRock Partners LLC boosted its position in UnitedHealth Group by 7.8% during the 2nd quarter. NorthRock Partners LLC now owns 11,668 shares of the healthcare conglomerate’s stock valued at $3,640,000 after acquiring an additional 846 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in UnitedHealth Group by 2.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 100,140 shares of the healthcare conglomerate’s stock valued at $31,241,000 after acquiring an additional 2,540 shares in the last quarter. Wealth Architects LLC boosted its position in UnitedHealth Group by 3.5% during the 2nd quarter. Wealth Architects LLC now owns 5,987 shares of the healthcare conglomerate’s stock valued at $1,868,000 after acquiring an additional 205 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of UnitedHealth Group by 39.3% during the second quarter. Vest Financial LLC now owns 17,018 shares of the healthcare conglomerate’s stock valued at $5,309,000 after purchasing an additional 4,799 shares during the last quarter. 87.86% of the stock is owned by institutional investors.

UnitedHealth Group Stock Up 1.2%

Shares of UNH stock opened at $358.80 on Tuesday. The stock has a market cap of $324.96 billion, a P/E ratio of 15.55, a PEG ratio of 2.29 and a beta of 0.47. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $630.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $320.57 and its two-hundred day simple moving average is $346.99.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, July 29th. The healthcare conglomerate reported $4.08 EPS for the quarter, missing the consensus estimate of $4.45 by ($0.37). The company had revenue of $111.62 billion during the quarter, compared to analysts’ expectations of $111.75 billion. UnitedHealth Group had a return on equity of 23.32% and a net margin of 5.04%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.80 EPS. UnitedHealth Group has set its FY 2025 guidance at 16.000- EPS. Analysts predict that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 15th were given a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. UnitedHealth Group’s dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

UNH has been the subject of several recent research reports. Royal Bank Of Canada lowered their target price on shares of UnitedHealth Group from $355.00 to $286.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $440.00 target price on shares of UnitedHealth Group in a report on Tuesday, August 26th. Zacks Research upgraded shares of UnitedHealth Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Sanford C. Bernstein raised their price target on shares of UnitedHealth Group from $379.00 to $433.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, Bank of America lifted their target price on shares of UnitedHealth Group from $350.00 to $390.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $383.09.

UnitedHealth Group Profile

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.