Citizens Financial Group Inc. RI Takes Position in HCA Healthcare, Inc. $HCA

Citizens Financial Group Inc. RI purchased a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 65,367 shares of the company’s stock, valued at approximately $25,486,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of HCA Healthcare during the fourth quarter worth $1,021,000. NewEdge Advisors LLC grew its position in shares of HCA Healthcare by 11.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,859 shares of the company’s stock worth $1,334,000 after buying an additional 409 shares during the period. Sivia Capital Partners LLC raised its position in shares of HCA Healthcare by 5.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 630 shares of the company’s stock valued at $241,000 after acquiring an additional 33 shares during the period. Jump Financial LLC acquired a new position in HCA Healthcare during the second quarter valued at approximately $2,073,000. Finally, Sei Investments Co. raised its holdings in HCA Healthcare by 56.3% in the second quarter. Sei Investments Co. now owns 136,589 shares of the company’s stock worth $52,328,000 after purchasing an additional 49,214 shares during the period. Institutional investors own 62.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on HCA shares. KeyCorp lowered their price objective on shares of HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Mizuho decreased their target price on HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Truist Financial dropped their price target on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Raymond James Financial set a $528.00 target price on HCA Healthcare in a research note on Tuesday, July 7th. Finally, The Goldman Sachs Group reduced their price target on shares of HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, HCA Healthcare presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.59.

HCA Healthcare Stock Performance

NYSE:HCA opened at $405.53 on Tuesday. HCA Healthcare, Inc. has a 52-week low of $353.99 and a 52-week high of $556.52. The stock has a 50-day simple moving average of $394.30 and a 200 day simple moving average of $445.90. The company has a market cap of $87.80 billion, a PE ratio of 13.58, a PEG ratio of 1.40 and a beta of 1.10.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, topping the consensus estimate of $7.56 by $0.03. The company had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.76 billion. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $6.84 EPS. On average, research analysts predict that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. HCA Healthcare’s dividend payout ratio (DPR) is presently 10.45%.

About HCA Healthcare

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.