Altavista Wealth Management Inc. cut its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 4.9% during the third quarter, HoldingsChannel.com reports. The firm owned 10,441 shares of the healthcare conglomerate’s stock after selling 535 shares during the quarter. Altavista Wealth Management Inc.’s holdings in UnitedHealth Group were worth $2,778,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in UNH. FMR LLC raised its position in shares of UnitedHealth Group by 2.6% in the 3rd quarter. FMR LLC now owns 63,247,814 shares of the healthcare conglomerate’s stock valued at $16,826,448,000 after acquiring an additional 1,625,459 shares during the period. Wells Fargo & Company MN increased its stake in UnitedHealth Group by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock worth $1,887,377,000 after purchasing an additional 39,480 shares in the last quarter. Jennison Associates LLC increased its stake in UnitedHealth Group by 12.0% during the 2nd quarter. Jennison Associates LLC now owns 6,616,652 shares of the healthcare conglomerate’s stock worth $1,623,329,000 after purchasing an additional 710,745 shares in the last quarter. Morgan Stanley increased its stake in UnitedHealth Group by 5.2% during the 2nd quarter. Morgan Stanley now owns 5,498,557 shares of the healthcare conglomerate’s stock worth $1,349,017,000 after purchasing an additional 269,652 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in UnitedHealth Group by 2.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,019,885 shares of the healthcare conglomerate’s stock worth $986,239,000 after purchasing an additional 108,052 shares in the last quarter. Institutional investors own 85.57% of the company’s stock.
UNH has been the subject of a number of research reports. Bank of America increased their target price on UnitedHealth Group from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Jefferies Financial Group increased their target price on UnitedHealth Group from $270.00 to $311.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine raised UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $299.00 target price for the company in a research note on Tuesday, September 25th. Finally, Argus increased their target price on UnitedHealth Group to $285.00 and gave the stock a “buy” rating in a research note on Thursday, October 18th. Two analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and an average target price of $292.48.
In other news, Director Richard T. Burke sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $263.41, for a total transaction of $5,268,200.00. Following the completion of the transaction, the director now directly owns 1,720,112 shares of the company’s stock, valued at approximately $453,094,701.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth Irwin Shine sold 163 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $274.83, for a total transaction of $44,797.29. The disclosure for this sale can be found here. Insiders have sold a total of 34,395 shares of company stock valued at $9,186,302 over the last ninety days. Company insiders own 0.87% of the company’s stock.
Shares of UNH opened at $269.18 on Friday. The company has a market cap of $267.97 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.60 and a beta of 0.76. UnitedHealth Group Inc has a twelve month low of $208.48 and a twelve month high of $287.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.11. The company had revenue of $56.56 billion during the quarter, compared to analysts’ expectations of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $2.66 EPS. As a group, sell-side analysts expect that UnitedHealth Group Inc will post 12.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, November 30th. This represents a $3.60 annualized dividend and a dividend yield of 1.34%. UnitedHealth Group’s dividend payout ratio is currently 35.75%.
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UnitedHealth Group Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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