Toronto Dominion Bank increased its holdings in Davita Inc (NYSE:DVA) by 12.3% during the fourth quarter, HoldingsChannel reports. The firm owned 66,094 shares of the company’s stock after purchasing an additional 7,223 shares during the period. Toronto Dominion Bank’s holdings in Davita were worth $4,775,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Davita in the 3rd quarter worth approximately $154,000. IFG Advisory LLC bought a new stake in shares of Davita in the 4th quarter worth approximately $205,000. Country Club Trust Company n.a. bought a new stake in shares of Davita in the 4th quarter worth approximately $207,000. Berkshire Asset Management LLC PA bought a new stake in shares of Davita in the 4th quarter worth approximately $234,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of Davita in the 4th quarter worth approximately $236,000. Institutional investors and hedge funds own 82.88% of the company’s stock.
In related news, insider James K. Hilger sold 3,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $78.95, for a total transaction of $282,009.40. Following the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $2,656,588.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Javier Rodriguez sold 22,532 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $67.48, for a total transaction of $1,520,459.36. Following the transaction, the chief executive officer now directly owns 210,317 shares in the company, valued at $14,192,191.16. The disclosure for this sale can be found here. Insiders have sold 121,509 shares of company stock worth $8,310,388 over the last ninety days. 2.00% of the stock is currently owned by insiders.
Several research firms have recently weighed in on DVA. Robert W. Baird reissued a “buy” rating and issued a $95.00 target price (up from $82.00) on shares of Davita in a research report on Friday, January 12th. Bank of America reissued a “buy” rating and issued a $92.00 target price (up from $85.00) on shares of Davita in a research report on Thursday, January 11th. TheStreet raised shares of Davita from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. SunTrust Banks reissued a “hold” rating and issued a $80.00 target price on shares of Davita in a research report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded shares of Davita from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $79.30.
Davita Inc (NYSE:DVA) opened at $72.77 on Wednesday. The firm has a market cap of $13,438.35, a P/E ratio of 21.41, a PEG ratio of 1.59 and a beta of 0.99. The company has a quick ratio of 2.82, a current ratio of 2.88 and a debt-to-equity ratio of 1.87. Davita Inc has a 1 year low of $52.51 and a 1 year high of $80.71.
Davita (NYSE:DVA) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.02). Davita had a net margin of 4.65% and a return on equity of 12.86%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. research analysts predict that Davita Inc will post 4.18 EPS for the current year.
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Davita Company Profile
DaVita Inc, formerly DaVita HealthCare Partners Inc, operates two divisions: DaVita Kidney Care (Kidney Care) and DaVita Medical Group (DMG). The Kidney Care division consists of its the United States dialysis and related lab services, its ancillary services and strategic initiatives, including its international operations, and its corporate administrative support.
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