Diamond Hill Capital Management Inc. Sells 71,611 Shares of HCA Healthcare, Inc. (NYSE:HCA)

Diamond Hill Capital Management Inc. cut its holdings in HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 4.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,497,101 shares of the company's stock after selling 71,611 shares during the quarter. HCA Healthcare comprises 2.5% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 6th largest position. Diamond Hill Capital Management Inc. owned 0.58% of HCA Healthcare worth $608,467,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bangor Savings Bank lifted its stake in HCA Healthcare by 112.5% in the 2nd quarter. Bangor Savings Bank now owns 85 shares of the company's stock worth $27,000 after purchasing an additional 45 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of HCA Healthcare in the 2nd quarter valued at $27,000. Unique Wealth Strategies LLC purchased a new position in shares of HCA Healthcare during the second quarter worth about $28,000. GPS Wealth Strategies Group LLC lifted its holdings in 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 acquiring an additional 71 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of HCA Healthcare in the second quarter worth $33,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

HCA Healthcare Trading Up 1.3 %

Shares of HCA stock traded up $4.44 on Monday, reaching $358.60. 308,770 shares of the company's stock were exchanged, compared to its average volume of 1,175,309. The company has a current ratio of 1.12, a quick ratio of 1.00 and a debt-to-equity ratio of 48.71. HCA Healthcare, Inc. has a 52 week low of $229.28 and a 52 week high of $417.14. The company's fifty day simple moving average is $389.61 and its 200 day simple moving average is $356.55. The stock has a market capitalization of $90.83 billion, a PE ratio of 15.90, a P/E/G ratio of 1.36 and a beta of 1.68.

HCA Healthcare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.74%. HCA Healthcare's dividend payout ratio (DPR) is currently 11.85%.

Analysts Set New Price Targets

Several brokerages have weighed in on HCA. Truist Financial raised their price objective on shares of HCA Healthcare from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Monday, August 19th. TD Cowen dropped their price target on shares of HCA Healthcare from $450.00 to $440.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Wolfe Research upgraded HCA Healthcare to a "strong-buy" rating in a research report on Thursday, August 29th. UBS Group increased their target price on shares of HCA Healthcare from $405.00 to $438.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Finally, KeyCorp reduced their price target on HCA Healthcare from $475.00 to $420.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.00.

Insiders Place Their Bets

In other news, EVP Michael S. Cuffe sold 8,358 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were 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 owns 29,678 shares of the company's stock, valued at approximately $11,438,494.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

HCA Healthcare Profile

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.