My Legacy Advisors LLC Cuts Stock Position in HCA Healthcare, Inc. (NYSE:HCA)

My Legacy Advisors LLC lessened its stake in HCA Healthcare, Inc. (NYSE:HCA) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,642 shares of the company’s stock after selling 192 shares during the quarter. My Legacy Advisors LLC’s holdings in HCA Healthcare were worth $1,115,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HCA. Legacy Investment Solutions LLC purchased a new position in HCA Healthcare in the third quarter valued at approximately $39,000. Capital Performance Advisors LLP acquired a new stake in HCA Healthcare during the 3rd quarter worth $41,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of HCA Healthcare during the second quarter worth about $33,000. Canoe Financial LP acquired a new stake in shares of HCA Healthcare in the 3rd quarter valued at about $41,000. Finally, Northwest Investment Counselors LLC acquired a new position in HCA Healthcare during the third quarter worth approximately $44,000. 62.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on HCA. Oppenheimer lifted their target price on shares of HCA Healthcare from $390.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, October 28th. TD Cowen lowered their price target on HCA Healthcare from $450.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Raymond James downgraded HCA Healthcare from an “outperform” rating to a “market perform” rating in a research note on Friday, November 22nd. Truist Financial lowered their price objective on shares of HCA Healthcare from $430.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of HCA Healthcare from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, HCA Healthcare currently has an average rating of “Moderate Buy” and a consensus target price of $385.27.

Insider Buying and Selling at HCA Healthcare

In other news, SVP Phillip G. Billington sold 3,897 shares of HCA Healthcare stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $350.00, for a total transaction of $1,363,950.00. Following the completion of the sale, the senior vice president now directly owns 52,702 shares in the company, valued at $18,445,700. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Erol R. Akdamar sold 2,900 shares of HCA Healthcare stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $353.00, for a total transaction of $1,023,700.00. Following the completion of the sale, the insider now directly owns 6,843 shares of the company’s stock, valued at $2,415,579. The trade was a 29.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

HCA Healthcare Trading Up 0.4 %

Shares of HCA stock opened at $310.60 on Friday. The stock has a market cap of $78.68 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 1.64. HCA Healthcare, Inc. has a fifty-two week low of $278.50 and a fifty-two week high of $417.14. The business has a fifty day simple moving average of $316.69 and a 200-day simple moving average of $352.78. The company has a quick ratio of 1.00, a current ratio of 1.12 and a debt-to-equity ratio of 48.71.

HCA Healthcare Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.85%. HCA Healthcare’s dividend payout ratio (DPR) is 11.85%.

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.