HCA Healthcare Inc (HCA) Stake Lifted by Trustcore Financial Services LLC

Trustcore Financial Services LLC grew its stake in shares of HCA Healthcare Inc (NYSE:HCA) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 357,862 shares of the company’s stock after purchasing an additional 2,462 shares during the quarter. HCA Healthcare comprises 12.9% of Trustcore Financial Services LLC’s portfolio, making the stock its biggest holding. Trustcore Financial Services LLC’s holdings in HCA Healthcare were worth $46,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in HCA Healthcare by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,613 shares of the company’s stock worth $2,036,000 after purchasing an additional 968 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in HCA Healthcare by 1.4% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,804 shares of the company’s stock worth $2,451,000 after buying an additional 253 shares during the period. Raymond James & Associates boosted its holdings in HCA Healthcare by 7.2% in the 1st quarter. Raymond James & Associates now owns 64,052 shares of the company’s stock worth $8,352,000 after buying an additional 4,309 shares during the period. Teacher Retirement System of Texas boosted its holdings in HCA Healthcare by 19.6% in the 1st quarter. Teacher Retirement System of Texas now owns 299,434 shares of the company’s stock worth $39,040,000 after buying an additional 49,143 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in HCA Healthcare by 20.8% in the 1st quarter. Toronto Dominion Bank now owns 283,091 shares of the company’s stock worth $36,903,000 after buying an additional 48,662 shares during the period. 71.66% of the stock is currently owned by institutional investors.

Several brokerages have commented on HCA. SunTrust Banks boosted their price target on shares of HCA Healthcare to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research upgraded shares of HCA Healthcare from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Friday, May 3rd. UBS Group upped their target price on shares of HCA Healthcare from $164.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank upped their price target on shares of HCA Healthcare from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group set a $158.00 price target on shares of HCA Healthcare and gave the company a “buy” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the company. HCA Healthcare has an average rating of “Buy” and an average price target of $149.41.



In other HCA Healthcare news, insider Jon M. Foster sold 44,281 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $122.28, for a total value of $5,414,680.68. Following the completion of the transaction, the insider now owns 96,052 shares of the company’s stock, valued at $11,745,238.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.

NYSE:HCA traded up $1.45 during midday trading on Thursday, reaching $123.69. 492,049 shares of the stock traded hands, compared to its average volume of 1,819,982. HCA Healthcare Inc has a 12-month low of $100.90 and a 12-month high of $147.42. The stock has a market capitalization of $41.82 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.98 and a beta of 0.75.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Tuesday, April 30th. The company reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.66. HCA Healthcare had a net margin of 7.71% and a negative return on equity of 112.65%. The company had revenue of $12.52 billion during the quarter, compared to analysts’ expectations of $12.34 billion. During the same quarter in the prior year, the company posted $3.18 earnings per share. HCA Healthcare’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that HCA Healthcare Inc will post 10.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a $0.40 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. HCA Healthcare’s dividend payout ratio is currently 16.38%.

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HCA Healthcare Profile

HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.

Further Reading: S&P 500 Index

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Institutional Ownership by Quarter for HCA Healthcare (NYSE:HCA)

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