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Osher Van de Voorde Investment Management reduces its position in UnitedHealth Group Incorporated (NYSE:UNH)


Osher Van de Voorde Investment Management reduced its position in UnitedHealth Group Incorporated (NYSE: UNH – Get Rating) by 98.1% during the first quarter, according to its latest filing with the Securities and Exchange Commission. The company held 672 shares of the healthcare conglomerate’s shares after selling 34,387 shares during the quarter. UnitedHealth Group represents 0.1% of Osher Van de Voorde Investment Management’s investment portfolio, making it its 29th position. Osher Van de Voorde Investment Management’s holdings in UnitedHealth Group were worth $343,000 at the end of the last quarter.

Other hedge funds have also recently increased or reduced their stakes in the company. Outfitter Financial LLC bought a new position in UnitedHealth Group stock during the fourth quarter, valued at around $25,000. Blue Bell Private Wealth Management LLC purchased a new stock position in UnitedHealth Group during the fourth quarter, valued at approximately $29,000. Advocacy Wealth Management Services LLC increased its position in UnitedHealth Group shares by 75.8% during the first quarter. Advocacy Wealth Management Services LLC now owns 58 shares of the healthcare conglomerate valued at $30,000 after buying 25 additional shares during the period. Cascade Investment Advisors Inc. increased its position in UnitedHealth Group shares by 100.0% during the first quarter. Cascade Investment Advisors Inc. now owns 60 shares of the healthcare conglomerate worth $31,000 after buying 30 additional shares during the period. Finally, Tortoise Investment Management LLC increased its position in UnitedHealth Group shares by 54.8% during the fourth quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate valued at $33,000 after buying 23 additional shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s shares.

UNH has been the subject of several research reports. BMO Capital Markets raised its price target on UnitedHealth Group shares from $510.00 to $600.00 and gave the stock a “market performance” rating in a Tuesday, April 19 research note. Loop Capital launched coverage on UnitedHealth Group shares in a Thursday, June 16 research note. They have set a “buy” rating and a price target of $575.00 on the stock. Raymond James raised his price target on UnitedHealth Group stock from $540.00 to $620.00 and gave the stock a “strong buy” rating in a Tuesday, April 19 research note. Deutsche Bank Aktiengesellschaft raised its price target on UnitedHealth Group shares from $482.00 to $549.00 and gave the stock a “buy” rating in a Monday, April 18 research note. Finally, Sanford C. Bernstein downgraded UnitedHealth Group stock from an “outperform” rating to a “market performer” rating and set a target price of $561.00 for the stock. in a research note on Thursday, May 26. They noted that the move was a review call. Three equity research analysts gave the stock a hold rating, nineteen gave the company a buy rating and two gave the company a strong buy rating. Based on data from MarketBeat, UnitedHealth Group currently has an average rating of “Moderate Buy” and an average target price of $555.73.

UNH opened at $495.64 on Monday. UnitedHealth Group Incorporated has a 12-month low of $383.12 and a 12-month high of $553.29. The stock has a market capitalization of $465.00 billion, a price/earnings ratio of 27.13, a PEG ratio of 1.54 and a beta of 0.83. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt ratio of 0.54. The company has a 50-day moving average price of $495.07 and a 200-day moving average price of $491.64.

UnitedHealth Group (NYSE:UNH – Get Rating) last announced its results on Thursday, April 14. The healthcare conglomerate reported EPS of $5.49 for the quarter, beating consensus analyst estimates of $5.40 by $0.09. UnitedHealth Group achieved a net margin of 5.86% and a return on equity of 24.74%. The company posted revenue of $80.15 billion in the quarter, compared to $78.77 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $5.31. The company’s revenue increased 14.2% year over year. As a group, analysts expect UnitedHealth Group Incorporated to post earnings per share of 21.75 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 28. Shareholders of record on Monday, June 20 will receive a dividend of $1.65 per share. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.45. This represents a dividend of $6.60 on an annualized basis and a yield of 1.33%. The ex-date of this dividend is Thursday, June 16. UnitedHealth Group’s dividend payout ratio is currently 36.12%.

In other news, manager Richard T. Burke sold 2,500 shares in a trade on Monday, May 16. The shares were sold at an average price of $493.25, for a total value of $1,233,125.00. Following the completion of the sale, the director now directly owns 1,220,000 shares of the company, valued at $601,765,000. The sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, Director Frederick William Mcnabb III acquired 89 shares of UnitedHealth Group in a transaction dated Thursday, May 26. The shares were purchased at an average cost of $504.32 per share, with a total value of $44,884.48. Following the completion of the purchase, the director now owns 11,259 shares of the company, valued at $5,678,138.88. Disclosure of this purchase can be found here. 0.40% of the shares are currently held by company insiders.

UnitedHealth Group Profile (Get an assessment)

UnitedHealth Group Incorporated operates as a diversified healthcare company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight and Optum Rx. The UnitedHealthcare segment offers consumer-focused health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses and individuals; coverage of health care and well-being services for people aged 50 and over to meet their needs for preventive and acute health care services, as well as services dealing with chronic diseases and other specialized problems for people elderly; Medicaid plans, health insurance and children’s health care programs; health and dental benefits; and hospital and clinical services.

See also

Want to see what other hedge funds hold UNH? Visit HoldingsChannel.com for the latest 13F filings and insider trading for UnitedHealth Group Incorporated (NYSE:UNH – Get Rating).

Institutional ownership by quarter for UnitedHealth Group (NYSE:UNH)



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