Toronto Dominion Bank Sells 8,991 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Toronto Dominion Bank trimmed its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 31.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,646 shares of the company's stock after selling 8,991 shares during the period. Toronto Dominion Bank's holdings in Molina Healthcare were worth $6,769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MOH. Public Sector Pension Investment Board lifted its position in Molina Healthcare by 13.5% during the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock valued at $871,000 after purchasing an additional 300 shares during the period. CWM LLC raised its stake in Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company's stock valued at $1,379,000 after buying an additional 1,730 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Molina Healthcare by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company's stock valued at $50,421,000 after buying an additional 1,778 shares during the period. Zacks Investment Management boosted its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Zacks Investment Management now owns 58,785 shares of the company's stock worth $20,255,000 after buying an additional 6,984 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of Molina Healthcare by 16.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 50,260 shares of the company's stock worth $17,318,000 after buying an additional 6,978 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Molina Healthcare stock traded up $5.84 during mid-day trading on Friday, hitting $303.02. The stock had a trading volume of 520,562 shares, compared to its average volume of 550,756. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $17.33 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.03 and a beta of 0.54. The firm's 50 day moving average is $309.90 and its 200 day moving average is $319.40.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the previous year, the business earned $5.05 earnings per share. The business's revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.17.

Molina Healthcare Company 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.