Wells Fargo & Company MN Decreases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Wells Fargo & Company MN lowered its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,294 shares of the company's stock after selling 1,644 shares during the period. Wells Fargo & Company MN's holdings in Molina Healthcare were worth $7,362,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MOH. MML Investors Services LLC lifted its holdings in shares of Molina Healthcare by 23.2% during the third quarter. MML Investors Services LLC now owns 2,133 shares of the company's stock valued at $735,000 after purchasing an additional 401 shares during the last quarter. Virtu Financial LLC bought a new stake in Molina Healthcare in the third quarter worth $2,111,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Molina Healthcare in the third quarter worth $113,000. Tri Ri Asset Management Corp bought a new position in shares of Molina Healthcare during the third quarter valued at $3,722,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Molina Healthcare in the 3rd quarter worth about $2,947,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Price Performance

Molina Healthcare stock traded down $19.88 during mid-day trading on Thursday, hitting $312.12. The stock had a trading volume of 480,362 shares, compared to its average volume of 668,539. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $370.99. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.07 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.06 and a beta of 0.70. The firm's 50 day moving average is $317.63 and its 200 day moving average is $307.82.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.86 by $0.22. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The firm had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $10.86 billion. During the same quarter last year, the business posted $5.73 earnings per share. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOH has been the topic of several recent analyst reports. Guggenheim initiated coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Barclays decreased their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $363.62.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.