American International Group Inc. Sells 892 Shares of HCA Healthcare, Inc. (NYSE:HCA)

American International Group Inc. cut its stake in HCA Healthcare, Inc. (NYSE:HCA) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,097 shares of the company’s stock after selling 892 shares during the period. American International Group Inc.’s holdings in HCA Healthcare were worth $16,267,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of HCA Healthcare in the fourth quarter valued at approximately $694,985,000. Royal Bank of Canada increased its stake in shares of HCA Healthcare by 35.7% in the fourth quarter. Royal Bank of Canada now owns 4,503,918 shares of the company’s stock valued at $1,219,121,000 after buying an additional 1,183,890 shares in the last quarter. Capital World Investors grew its holdings in HCA Healthcare by 112.1% during the 4th quarter. Capital World Investors now owns 1,772,627 shares of the company’s stock worth $479,815,000 after acquiring an additional 936,823 shares during the last quarter. Sanders Capital LLC lifted its position in shares of HCA Healthcare by 4.2% during the fourth quarter. Sanders Capital LLC now owns 11,404,003 shares of the company’s stock worth $3,086,836,000 after purchasing an additional 456,738 shares in the last quarter. Finally, TD Asset Management Inc raised its position in HCA Healthcare by 230.5% in the 4th quarter. TD Asset Management Inc now owns 553,225 shares of the company’s stock worth $149,747,000 after purchasing an additional 385,854 shares during the last quarter. 62.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HCA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on HCA Healthcare from $330.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. TD Cowen dropped their price objective on shares of HCA Healthcare from $371.00 to $360.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Wells Fargo & Company increased their price objective on HCA Healthcare from $303.00 to $315.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Baird R W raised shares of HCA Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, StockNews.com lowered shares of HCA Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, HCA Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $325.59.

Insider Transactions at HCA Healthcare

In other HCA Healthcare news, EVP Michael S. Cuffe sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $309.00, for a total value of $494,400.00. Following the completion of the transaction, the executive vice president now directly owns 34,124 shares in the company, valued at approximately $10,544,316. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Michael S. Cuffe sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $309.00, for a total value of $494,400.00. Following the sale, the executive vice president now directly owns 34,124 shares in the company, valued at $10,544,316. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Chad J. Wasserman sold 344 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $321.97, for a total transaction of $110,757.68. Following the completion of the transaction, the senior vice president now owns 2,452 shares in the company, valued at approximately $789,470.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,617 shares of company stock worth $4,321,986. Insiders own 1.60% of the company’s stock.

HCA Healthcare Price Performance

NYSE:HCA traded down $2.76 during trading hours on Friday, reaching $337.47. 747,441 shares of the company were exchanged, compared to its average volume of 935,055. The company has a market capitalization of $88.39 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.56 and a beta of 1.69. HCA Healthcare, Inc. has a 1-year low of $215.96 and a 1-year high of $343.53. The company has a debt-to-equity ratio of 29.26, a current ratio of 1.16 and a quick ratio of 1.02. The business has a 50 day moving average of $320.68 and a 200 day moving average of $313.21.

HCA Healthcare (NYSE:HCA) last released its earnings results on Friday, April 26th. The company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.35. The firm had revenue of $17.34 billion during the quarter, compared to analysts’ expectations of $16.81 billion. HCA Healthcare had a return on equity of 674.49% and a net margin of 8.20%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.93 earnings per share. Research analysts forecast that HCA Healthcare, Inc. will post 20.92 EPS for the current year.

HCA Healthcare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.66 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.64 annualized dividend and a yield of 0.78%. HCA Healthcare’s dividend payout ratio is presently 13.16%.

About HCA Healthcare

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers 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.