Northwestern Mutual Wealth Management Co. Sells 1,540 Shares of HCA Healthcare, Inc. (NYSE:HCA)

Northwestern Mutual Wealth Management Co. reduced its stake in HCA Healthcare, Inc. (NYSE:HCA) by 15.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 8,563 shares of the company’s stock after selling 1,540 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HCA Healthcare were worth $2,751,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HCA. Bangor Savings Bank lifted its holdings in HCA Healthcare by 112.5% during the second quarter. Bangor Savings Bank now owns 85 shares of the company’s stock valued at $27,000 after purchasing an additional 45 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in HCA Healthcare in the 2nd quarter valued at approximately $27,000. Unique Wealth Strategies LLC purchased a new stake in shares of HCA Healthcare during the second quarter worth $28,000. GPS Wealth Strategies Group LLC grew its position in shares of HCA Healthcare by 284.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 96 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new position in HCA Healthcare in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kathryn A. Torres sold 1,857 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $355.05, for a total value of $659,327.85. Following the completion of the transaction, the senior vice president now directly owns 17,755 shares in the company, valued at approximately $6,303,912.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other HCA Healthcare news, SVP Kathryn A. Torres sold 1,857 shares of HCA Healthcare stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $355.05, for a total transaction of $659,327.85. Following the completion of the transaction, the senior vice president now owns 17,755 shares in the company, valued at $6,303,912.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael S. Cuffe sold 8,358 shares of HCA Healthcare stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $385.42, for a total value of $3,221,340.36. Following the completion of the transaction, the executive vice president now directly owns 29,678 shares of the company’s stock, valued at approximately $11,438,494.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,202 shares of company stock worth $6,407,273. 1.60% of the stock is owned by corporate insiders.

HCA Healthcare Trading Down 2.8 %

HCA opened at $392.35 on Friday. The firm has a market capitalization of $102.76 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.52 and a beta of 1.67. HCA Healthcare, Inc. has a one year low of $215.96 and a one year high of $409.42. The business has a 50 day simple moving average of $383.84 and a two-hundred day simple moving average of $345.06. The company has a debt-to-equity ratio of 27.11, a current ratio of 1.06 and a quick ratio of 0.94.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $5.50 EPS for the quarter, topping the consensus estimate of $4.97 by $0.53. HCA Healthcare had a net margin of 8.40% and a return on equity of 553.13%. The business had revenue of $17.49 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same period in the prior year, the business earned $4.29 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts predict that HCA Healthcare, Inc. will post 22.46 EPS for the current year.

HCA Healthcare Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.64 annualized dividend and a dividend yield of 0.67%. HCA Healthcare’s dividend payout ratio is presently 13.16%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of HCA Healthcare from $359.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $392.00 price objective on shares of HCA Healthcare in a research report on Tuesday. StockNews.com raised HCA Healthcare from a “buy” rating to a “strong-buy” rating in a report on Monday, July 1st. Leerink Partners upped their price objective on shares of HCA Healthcare from $367.00 to $396.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Truist Financial boosted their price target on shares of HCA Healthcare from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $359.89.

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.