Massachusetts Financial Services Co. MA Sells 110,535 Shares of HCA Healthcare Inc (NYSE:HCA)

Massachusetts Financial Services Co. MA decreased its holdings in shares of HCA Healthcare Inc (NYSE:HCA) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,921,148 shares of the company’s stock after selling 110,535 shares during the period. Massachusetts Financial Services Co. MA’s holdings in HCA Healthcare were worth $231,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its position in shares of HCA Healthcare by 2.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,940 shares of the company’s stock worth $532,000 after acquiring an additional 82 shares in the last quarter. Cornerstone Advisors Inc. raised its position in shares of HCA Healthcare by 15.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 675 shares of the company’s stock worth $91,000 after acquiring an additional 88 shares in the last quarter. Cibc Bank USA raised its position in shares of HCA Healthcare by 1.7% in the 3rd quarter. Cibc Bank USA now owns 5,656 shares of the company’s stock worth $681,000 after acquiring an additional 96 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of HCA Healthcare by 32.1% in the 3rd quarter. NEXT Financial Group Inc now owns 424 shares of the company’s stock worth $51,000 after acquiring an additional 103 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in shares of HCA Healthcare by 0.7% in the 2nd quarter. AE Wealth Management LLC now owns 18,115 shares of the company’s stock worth $2,449,000 after acquiring an additional 126 shares in the last quarter. 70.33% of the stock is owned by institutional investors and hedge funds.

Shares of HCA Healthcare stock traded down $0.82 during midday trading on Wednesday, hitting $134.32. The company had a trading volume of 33,676 shares, compared to its average volume of 1,651,569. The stock has a market capitalization of $46.41 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.16 and a beta of 0.90. The company has a 50 day moving average of $124.95 and a 200 day moving average of $127.63. HCA Healthcare Inc has a 52-week low of $110.31 and a 52-week high of $147.42.

HCA Healthcare (NYSE:HCA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.10. The company had revenue of $12.69 billion for the quarter, compared to the consensus estimate of $12.48 billion. HCA Healthcare had a negative return on equity of 173.49% and a net margin of 6.98%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.16 EPS. As a group, equities analysts expect that HCA Healthcare Inc will post 10.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.19%. HCA Healthcare’s dividend payout ratio is 16.38%.

In other HCA Healthcare news, insider Jon M. Foster sold 19,477 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $132.35, for a total transaction of $2,577,780.95. Following the sale, the insider now directly owns 10,015 shares in the company, valued at approximately $1,325,485.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher F. Wyatt sold 3,900 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $134.74, for a total value of $525,486.00. Following the sale, the senior vice president now owns 27,353 shares in the company, valued at $3,685,543.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,571 shares of company stock worth $5,431,851. Company insiders own 2.70% of the company’s stock.

Several brokerages have recently issued reports on HCA. Bank of America upgraded HCA Healthcare from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $130.00 to $137.00 in a research note on Friday, September 6th. Barclays upped their price target on HCA Healthcare from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on HCA Healthcare from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Stephens set a $150.00 price target on HCA Healthcare and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, UBS Group upped their price target on HCA Healthcare from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $155.07.

About HCA Healthcare

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.

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

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