Kingsview Wealth Management LLC Trims Stock Position in HCA Healthcare, Inc. (NYSE:HCA)

Kingsview Wealth Management LLC cut its position in shares of HCA Healthcare, Inc. (NYSE:HCA) by 77.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,645 shares of the company’s stock after selling 5,742 shares during the period. Kingsview Wealth Management LLC’s holdings in HCA Healthcare were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in HCA Healthcare in the 3rd quarter valued at $39,000. Canoe Financial LP bought a new stake in HCA Healthcare in the third quarter worth about $41,000. Capital Performance Advisors LLP bought a new stake in shares of HCA Healthcare in the 3rd quarter valued at approximately $41,000. Northwest Investment Counselors LLC acquired a new stake in HCA Healthcare in the 3rd quarter worth approximately $44,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of HCA Healthcare by 50.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 150 shares of the company’s stock worth $45,000 after buying an additional 50 shares during the last quarter. 62.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HCA. Truist Financial dropped their price objective on HCA Healthcare from $430.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley decreased their price target on HCA Healthcare from $406.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Wells Fargo & Company cut HCA Healthcare from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $400.00 to $320.00 in a research report on Monday, November 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $405.00 price objective on shares of HCA Healthcare in a research note on Monday, January 27th. Finally, TD Cowen decreased their price objective on HCA Healthcare from $450.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, HCA Healthcare presently has a consensus rating of “Moderate Buy” and an average price target of $385.67.

HCA Healthcare Stock Performance

HCA opened at $321.95 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 69.07. The company has a market cap of $81.55 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.11 and a beta of 1.64. HCA Healthcare, Inc. has a 52-week low of $289.98 and a 52-week high of $417.14. The firm’s fifty day simple moving average is $313.26 and its two-hundred day simple moving average is $352.76.

HCA Healthcare (NYSE:HCA) last released its quarterly earnings data on Friday, January 24th. The company reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.19. HCA Healthcare had a net margin of 8.16% and a return on equity of 586.47%. During the same quarter in the previous year, the company earned $5.90 earnings per share. Equities analysts anticipate that HCA Healthcare, Inc. will post 24.98 earnings per share for the current fiscal year.

HCA Healthcare Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.72 per share. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a yield of 0.89%. This is a boost from HCA Healthcare’s previous quarterly dividend of $0.66. HCA Healthcare’s dividend payout ratio (DPR) is presently 12.02%.

HCA Healthcare Profile

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.