TD Asset Management Inc. Trims Position in HCA Healthcare Inc (NYSE:HCA)

TD Asset Management Inc. lessened its holdings in shares of HCA Healthcare Inc (NYSE:HCA) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 285,275 shares of the company’s stock after selling 3,628 shares during the quarter. TD Asset Management Inc. owned approximately 0.08% of HCA Healthcare worth $38,561,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Westpac Banking Corp boosted its stake in shares of HCA Healthcare by 13.2% in the 2nd quarter. Westpac Banking Corp now owns 353,407 shares of the company’s stock valued at $47,770,000 after purchasing an additional 41,250 shares in the last quarter. CWM LLC grew its stake in shares of HCA Healthcare by 176.1% during the second quarter. CWM LLC now owns 3,261 shares of the company’s stock valued at $441,000 after acquiring an additional 2,080 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in shares of HCA Healthcare by 88.7% during the second quarter. Hussman Strategic Advisors Inc. now owns 20,000 shares of the company’s stock valued at $2,703,000 after acquiring an additional 9,400 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of HCA Healthcare by 5.1% during the second quarter. Royal London Asset Management Ltd. now owns 236,260 shares of the company’s stock worth $31,948,000 after purchasing an additional 11,512 shares during the last quarter. Finally, AGF Investments LLC lifted its position in shares of HCA Healthcare by 154.2% during the second quarter. AGF Investments LLC now owns 14,093 shares of the company’s stock worth $1,905,000 after purchasing an additional 8,550 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors.

In other HCA Healthcare news, SVP Robert A. Waterman sold 33,786 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $134.98, for a total value of $4,560,434.28. Following the sale, the senior vice president now owns 279,551 shares in the company, valued at $37,733,793.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patricia F. Elcan purchased 250 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $124.10 per share, for a total transaction of $31,025.00. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

Several brokerages have recently commented on HCA. Barclays reduced their price target on shares of HCA Healthcare from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. UBS Group increased their price target on shares of HCA Healthcare from $172.00 to $181.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Raymond James raised shares of HCA Healthcare from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $135.00 in a research report on Tuesday, April 23rd. Stephens set a $150.00 price target on shares of HCA Healthcare and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Mizuho set a $153.00 price target on shares of HCA Healthcare and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $153.35.

Shares of NYSE:HCA traded down $0.03 during trading hours on Thursday, hitting $123.24. The stock had a trading volume of 14,134 shares, compared to its average volume of 1,891,027. The firm has a fifty day moving average price of $135.43. HCA Healthcare Inc has a 1-year low of $110.31 and a 1-year high of $147.42. The firm has a market capitalization of $42.90 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.28). HCA Healthcare had a net margin of 7.46% and a negative return on equity of 135.90%. The firm had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the previous year, the business posted $2.29 EPS. HCA Healthcare’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that HCA Healthcare Inc will post 10.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. HCA Healthcare’s payout ratio is currently 16.38%.

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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