Toronto Dominion Bank Acquires 541 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Toronto Dominion Bank lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,193 shares of the company’s stock after buying an additional 541 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Molina Healthcare worth $13,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MOH. Vanguard Group Inc. raised its stake in shares of Molina Healthcare by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after acquiring an additional 23,715 shares during the last quarter. Capital World Investors increased its holdings in shares of Molina Healthcare by 0.3% in the fourth quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock valued at $1,983,645,000 after purchasing an additional 14,775 shares in the last quarter. Wellington Management Group LLP raised its position in Molina Healthcare by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after purchasing an additional 436,060 shares during the last quarter. Capital Research Global Investors lifted its holdings in Molina Healthcare by 5.4% during the 4th quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock worth $878,086,000 after buying an additional 123,894 shares in the last quarter. Finally, Capital International Investors boosted its position in Molina Healthcare by 0.9% in the 1st quarter. Capital International Investors now owns 1,665,801 shares of the company’s stock valued at $684,361,000 after buying an additional 15,264 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MOH shares. Truist Financial lowered their target price on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a report on Monday, July 15th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a report on Thursday, March 28th. Stephens restated an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays reduced their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $376.18.

Insider Transactions at Molina Healthcare

In related news, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total value of $85,817.50. Following the sale, the director now owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO James Woys sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now owns 53,613 shares in the company, valued at approximately $18,504,526.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Molina Healthcare Stock Up 3.5 %

Shares of Molina Healthcare stock traded up $11.19 on Friday, hitting $335.36. The company had a trading volume of 1,251,082 shares, compared to its average volume of 484,697. The stock has a 50-day moving average of $307.20 and a 200-day moving average of $353.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92. The firm has a market capitalization of $19.65 billion, a P/E ratio of 18.20, a P/E/G ratio of 0.89 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating the consensus estimate of $5.73 by $0.13. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 29.17%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.65 EPS. Research analysts predict that Molina Healthcare, Inc. will post 23.56 earnings per share for the current year.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.