Alta Wealth Advisors LLC Lowers Stake in UnitedHealth Group Incorporated (NYSE:UNH)

by · The Cerbat Gem

Alta Wealth Advisors LLC lessened its stake in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,331 shares of the healthcare conglomerate’s stock after selling 26 shares during the period. UnitedHealth Group accounts for approximately 0.9% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Alta Wealth Advisors LLC’s holdings in UnitedHealth Group were worth $1,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of UnitedHealth Group by 58.1% in the 1st quarter. International Assets Investment Management LLC now owns 7,062 shares of the healthcare conglomerate’s stock valued at $3,458,000 after purchasing an additional 2,594 shares during the last quarter. Unique Wealth LLC grew its holdings in shares of UnitedHealth Group by 30.8% during the first quarter. Unique Wealth LLC now owns 2,869 shares of the healthcare conglomerate’s stock valued at $1,427,000 after buying an additional 676 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in UnitedHealth Group by 7.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 38,702 shares of the healthcare conglomerate’s stock worth $19,146,000 after acquiring an additional 2,796 shares during the last quarter. Cooper Financial Group increased its holdings in UnitedHealth Group by 8.0% in the 1st quarter. Cooper Financial Group now owns 2,239 shares of the healthcare conglomerate’s stock worth $1,108,000 after buying an additional 165 shares during the period. Finally, Orser Capital Management LLC boosted its holdings in shares of UnitedHealth Group by 128.4% in the 1st quarter. Orser Capital Management LLC now owns 1,028 shares of the healthcare conglomerate’s stock valued at $509,000 after acquiring an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on UNH shares. Argus boosted their target price on shares of UnitedHealth Group from $570.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. UBS Group dropped their target price on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday. KeyCorp started coverage on UnitedHealth Group in a research report on Friday, October 11th. They issued an “overweight” rating and a $675.00 price objective on the stock. Robert W. Baird boosted their target price on shares of UnitedHealth Group from $597.00 to $640.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley cut their price objective on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $615.58.

View Our Latest Analysis on UNH

UnitedHealth Group Price Performance

UnitedHealth Group stock opened at $569.61 on Friday. The firm has a market capitalization of $524.26 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.69 and a beta of 0.58. UnitedHealth Group Incorporated has a 52-week low of $436.38 and a 52-week high of $608.63. The company has a fifty day simple moving average of $584.42 and a 200-day simple moving average of $534.15. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.67.

UnitedHealth Group (NYSE:UNH – Get Free Report) last issued its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, topping the consensus estimate of $7.00 by $0.15. The business had revenue of $100.82 billion for the quarter, compared to analysts’ expectations of $99.14 billion. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.56 EPS. On average, equities analysts anticipate that UnitedHealth Group Incorporated will post 27.68 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, September 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 51.34%.

UnitedHealth Group Profile

(Free Report)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

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