Peloton Wealth Strategists Increases Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Peloton Wealth Strategists increased its holdings in UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,591 shares of the healthcare conglomerate’s stock after acquiring an additional 345 shares during the quarter. UnitedHealth Group comprises approximately 1.9% of Peloton Wealth Strategists’ portfolio, making the stock its 19th biggest position. Peloton Wealth Strategists’ holdings in UnitedHealth Group were worth $4,816,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNH. Outfitter Financial LLC bought a new position in shares of UnitedHealth Group during the fourth quarter valued at $25,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of UnitedHealth Group during the 4th quarter valued at about $29,000. Tortoise Investment Management LLC lifted its position in shares of UnitedHealth Group by 54.8% during the 4th quarter. Tortoise Investment Management LLC now owns 65 shares of the healthcare conglomerate’s stock valued at $33,000 after buying an additional 23 shares in the last quarter. Leverty Financial Group LLC purchased a new position in shares of UnitedHealth Group during the 4th quarter valued at about $34,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in UnitedHealth Group by 55.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 70 shares of the healthcare conglomerate’s stock worth $35,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

In other UnitedHealth Group news, Director Paul R. Garcia acquired 2,146 shares of UnitedHealth Group stock in a transaction that occurred on Tuesday, February 22nd. The stock was purchased at an average cost of $464.97 per share, with a total value of $997,825.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard T. Burke sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of $508.80, for a total value of $1,526,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 18,000 shares of company stock valued at $8,776,840. Company insiders own 0.55% of the company’s stock.

Several equities analysts have recently weighed in on UNH shares. Wells Fargo & Company boosted their target price on UnitedHealth Group from $565.00 to $613.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Royal Bank of Canada set a $563.00 target price on UnitedHealth Group and gave the stock an “outperform” rating in a report on Monday, April 18th. Morgan Stanley upped their price objective on UnitedHealth Group from $570.00 to $577.00 and gave the stock an “overweight” rating in a research note on Monday, April 18th. Credit Suisse Group upped their price objective on UnitedHealth Group from $564.00 to $595.00 and gave the stock an “outperform” rating in a research note on Monday, April 18th. Finally, Cowen upped their target price on UnitedHealth Group from $512.00 to $596.00 in a research report on Monday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $550.17.

Shares of UnitedHealth Group stock traded up $6.60 during trading hours on Friday, reaching $485.40. The stock had a trading volume of 2,453,460 shares, compared to its average volume of 3,043,394. The firm has a 50 day simple moving average of $511.11 and a two-hundred day simple moving average of $484.46. The firm has a market capitalization of $455.39 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.51 and a beta of 0.83. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.54. UnitedHealth Group Incorporated has a 1 year low of $383.12 and a 1 year high of $553.29.

UnitedHealth Group (NYSE:UNHGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.38 by $0.11. The company had revenue of $80.15 billion for the quarter, compared to the consensus estimate of $78.77 billion. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. UnitedHealth Group’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.31 EPS. Sell-side analysts forecast that UnitedHealth Group Incorporated will post 21.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Monday, March 14th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Friday, March 11th. This represents a $5.80 dividend on an annualized basis and a yield of 1.19%. UnitedHealth Group’s payout ratio is currently 31.75%.

About UnitedHealth Group (Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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 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; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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

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