Altavista Wealth Management Inc. Has $1.91 Million Position in UnitedHealth Group Inc (NYSE:UNH)

Altavista Wealth Management Inc. reduced its holdings in UnitedHealth Group Inc (NYSE:UNH) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,807 shares of the healthcare conglomerate’s stock after selling 427 shares during the period. Altavista Wealth Management Inc.’s holdings in UnitedHealth Group were worth $1,914,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Northern Trust Corp increased its stake in UnitedHealth Group by 0.4% in the 2nd quarter. Northern Trust Corp now owns 12,111,540 shares of the healthcare conglomerate’s stock valued at $2,955,336,000 after buying an additional 53,710 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of UnitedHealth Group by 1,354.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,540,562 shares of the healthcare conglomerate’s stock worth $2,083,983,000 after purchasing an additional 7,953,416 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of UnitedHealth Group by 16.7% during the 2nd quarter. Janus Henderson Group PLC now owns 6,448,289 shares of the healthcare conglomerate’s stock worth $1,573,438,000 after purchasing an additional 922,290 shares during the last quarter. Viking Global Investors LP increased its stake in shares of UnitedHealth Group by 28.6% during the 2nd quarter. Viking Global Investors LP now owns 4,812,185 shares of the healthcare conglomerate’s stock worth $1,174,221,000 after purchasing an additional 1,071,149 shares during the last quarter. Finally, Sanders Capital LLC increased its stake in shares of UnitedHealth Group by 50.2% during the 2nd quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock worth $1,255,689,000 after purchasing an additional 1,546,140 shares during the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.

Shares of UNH opened at $254.09 on Tuesday. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94. The firm has a market cap of $237.20 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. The firm’s 50-day simple moving average is $235.74 and its 200 day simple moving average is $241.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.67 and a current ratio of 0.70.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, beating the Zacks’ consensus estimate of $3.75 by $0.13. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The business had revenue of $60.35 billion for the quarter, compared to analyst estimates of $59.84 billion. During the same quarter in the prior year, the business earned $3.41 EPS. UnitedHealth Group’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that UnitedHealth Group Inc will post 14.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.70%. UnitedHealth Group’s dividend payout ratio (DPR) is currently 33.54%.

Several research firms have recently weighed in on UNH. Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price objective on the stock in a research note on Monday, July 22nd. Deutsche Bank began coverage on shares of UnitedHealth Group in a research note on Thursday, September 12th. They set a “hold” rating and a $263.00 price objective on the stock. BMO Capital Markets lowered shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $292.00 to $249.00 in a research note on Monday, September 30th. Cleveland Research restated a “buy” rating on shares of UnitedHealth Group in a research note on Monday, July 15th. Finally, Jefferies Financial Group lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $300.00 to $235.00 in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $283.84.

In other UnitedHealth Group news, CAO Thomas E. Roos sold 1,177 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $255.04, for a total value of $300,182.08. Following the completion of the sale, the chief accounting officer now owns 21,687 shares of the company’s stock, valued at approximately $5,531,052.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Burke sold 2,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $231.50, for a total transaction of $463,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at approximately $43,517,138.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,177 shares of company stock worth $7,842,582. 0.87% of the stock is owned by company insiders.

UnitedHealth Group Company 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 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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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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