954 Shares in UnitedHealth Group Incorporated (NYSE:UNH) Acquired by Discipline Wealth Solutions LLC

Discipline Wealth Solutions LLC acquired a new stake in UnitedHealth Group Incorporated (NYSE:UNH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 954 shares of the healthcare conglomerate’s stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Wealth Management LLC raised its holdings in shares of UnitedHealth Group by 5.3% in the second quarter. Cornerstone Wealth Management LLC now owns 1,964 shares of the healthcare conglomerate’s stock valued at $1,000,000 after purchasing an additional 98 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in UnitedHealth Group in the 2nd quarter valued at about $546,000. James J. Burns & Company LLC bought a new position in UnitedHealth Group during the second quarter worth about $1,773,000. Meadow Creek Wealth Advisors LLC grew its stake in UnitedHealth Group by 6.4% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 2,355 shares of the healthcare conglomerate’s stock valued at $1,199,000 after buying an additional 141 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its position in shares of UnitedHealth Group by 4.9% during the second quarter. Patrick M Sweeney & Associates Inc. now owns 1,991 shares of the healthcare conglomerate’s stock worth $1,007,000 after acquiring an additional 93 shares in the last quarter. 87.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on UNH shares. Bank of America cut their target price on UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Morgan Stanley lowered their target price on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Hsbc Global Res cut shares of UnitedHealth Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. UBS Group decreased their target price on UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada cut their price objective on UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $626.84.

UnitedHealth Group Trading Up 0.8 %

Shares of UNH stock opened at $565.39 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $586.36 and a 200 day moving average of $559.39. The stock has a market capitalization of $520.31 billion, a PE ratio of 36.83, a P/E/G ratio of 1.65 and a beta of 0.58. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, topping analysts’ consensus estimates of $7.00 by $0.15. The firm had revenue of $100.82 billion for the quarter, compared to analyst estimates of $99.14 billion. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $6.56 EPS. As a group, sell-side analysts anticipate that UnitedHealth Group Incorporated will post 27.6 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, December 9th. UnitedHealth Group’s dividend payout ratio is presently 54.72%.

About UnitedHealth Group

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.