HCA Healthcare, Inc. (NYSE:HCA) Insider Sells $1,023,700.00 in Stock

HCA Healthcare, Inc. (NYSE:HCA) insider Erol R. Akdamar sold 2,900 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $353.00, for a total value of $1,023,700.00. Following the sale, the insider now directly owns 6,843 shares in the company, valued at approximately $2,415,579. This trade represents a 29.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

HCA Healthcare Price Performance

Shares of HCA traded down $7.01 on Friday, hitting $338.50. The company’s stock had a trading volume of 320,648 shares, compared to its average volume of 1,179,386. The company has a market capitalization of $85.74 billion, a PE ratio of 15.15, a PEG ratio of 1.34 and a beta of 1.68. The company has a debt-to-equity ratio of 48.71, a current ratio of 1.12 and a quick ratio of 1.00. HCA Healthcare, Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $417.14. The company has a 50 day moving average price of $386.00 and a 200 day moving average price of $357.03.

HCA Healthcare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, December 13th. This represents a $2.64 dividend on an annualized basis and a yield of 0.78%. HCA Healthcare’s payout ratio is presently 11.85%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bangor Savings Bank increased its holdings in shares of HCA Healthcare by 112.5% in the second quarter. Bangor Savings Bank now owns 85 shares of the company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in HCA Healthcare during the second quarter valued at approximately $27,000. Unique Wealth Strategies LLC acquired a new stake in shares of HCA Healthcare in the second quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC boosted its stake 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 buying an additional 71 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of HCA Healthcare during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company increased their price objective on HCA Healthcare from $395.00 to $400.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. TD Cowen decreased their target price on HCA Healthcare from $450.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Leerink Partners increased their price target on shares of HCA Healthcare from $367.00 to $396.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price target on HCA Healthcare from $378.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Barclays reduced their price objective on shares of HCA Healthcare from $396.00 to $392.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $385.00.

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.