Northwestern Mutual Wealth Management Co. Takes $6.01 Million Position in HCA Healthcare, Inc. $HCA

Northwestern Mutual Wealth Management Co. acquired a new stake in HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,424 shares of the company’s stock, valued at approximately $6,014,000.

Several other large investors have also recently bought and sold shares of HCA. BlackRock Inc. acquired a new stake in HCA Healthcare in the second quarter worth $5,069,974,000. Norges Bank bought a new position in shares of HCA Healthcare during the fourth quarter worth about $1,262,513,000. Life Cycle Investment Partners Ltd bought a new stake in HCA Healthcare during the 4th quarter worth about $374,037,000. Viking Global Investors LP boosted its holdings in shares of HCA Healthcare by 58.5% in the 2nd quarter. Viking Global Investors LP now owns 1,872,133 shares of the company’s stock valued at $717,214,000 after buying an additional 690,773 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in HCA Healthcare in the 2nd quarter valued at about $175,985,000. Institutional investors own 62.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings cut HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $435.00 target price on shares of HCA Healthcare in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $476.00 price target on HCA Healthcare in a research report on Monday, July 27th. The Goldman Sachs Group dropped their price objective on HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Finally, Truist Financial decreased 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. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.64.

HCA Healthcare Price Performance

Shares of NYSE:HCA opened at $429.08 on Monday. The company’s 50 day simple moving average is $397.16 and its 200 day simple moving average is $443.77. The stock has a market capitalization of $92.90 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10. HCA Healthcare, Inc. has a 1 year low of $353.99 and a 1 year high of $556.52.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.76 billion. During the same quarter last year, the company posted $6.84 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that HCA Healthcare, Inc. will post 29.47 EPS for the current fiscal year.

HCA Healthcare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. HCA Healthcare’s payout ratio is 10.45%.

HCA Healthcare Company Profile

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.