Oak Thistle LLC Purchases 2,487 Shares of UnitedHealth Group Incorporated $UNH

by · The Cerbat Gem

Oak Thistle LLC increased its holdings in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 78.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,649 shares of the healthcare conglomerate’s stock after buying an additional 2,487 shares during the period. Oak Thistle LLC’s holdings in UnitedHealth Group were worth $1,951,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UNH. Norges Bank bought a new stake in UnitedHealth Group during the second quarter worth approximately $3,837,207,000. Berkshire Hathaway Inc bought a new position in shares of UnitedHealth Group during the 2nd quarter valued at approximately $1,572,193,000. Dodge & Cox lifted its position in UnitedHealth Group by 117.7% in the second quarter. Dodge & Cox now owns 8,750,560 shares of the healthcare conglomerate’s stock worth $2,729,912,000 after buying an additional 4,730,192 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in shares of UnitedHealth Group in the second quarter valued at $528,273,000. Finally, Amundi raised its position in UnitedHealth Group by 33.8% in the 2nd quarter. Amundi now owns 6,191,871 shares of the healthcare conglomerate’s stock worth $1,904,372,000 after purchasing an additional 1,565,245 shares during the period. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Mizuho increased their target price on UnitedHealth Group from $300.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Morgan Stanley lifted their price objective on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, September 12th. TD Cowen raised their target price on shares of UnitedHealth Group from $335.00 to $338.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada increased their price objective on UnitedHealth Group from $286.00 to $408.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 target price for the company. in a report on Wednesday, October 29th. Seventeen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, UnitedHealth Group currently has an average rating of “Hold” and an average price target of $385.54.

Read Our Latest Research Report on UnitedHealth Group

UnitedHealth Group Stock Down 0.8%

Shares of NYSE UNH opened at $331.60 on Thursday. The stock has a market capitalization of $300.38 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 12-month low of $234.60 and a 12-month high of $606.36. The stock’s fifty day simple moving average is $338.14 and its two-hundred day simple moving average is $317.84.

UnitedHealth Group (NYSE:UNH – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.05. The company had revenue of $113.16 billion for the quarter, compared to the consensus estimate of $113.19 billion. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $7.15 earnings per share. As a group, analysts expect that UnitedHealth Group Incorporated will post 29.54 EPS for the current fiscal year.

UnitedHealth Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 8th were given a dividend of $2.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $8.84 dividend on an annualized basis and a yield of 2.7%. UnitedHealth Group’s dividend payout ratio is presently 46.14%.

UnitedHealth Group Company 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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