Sheets Smith Wealth Management Has $1,117,000 Position in UnitedHealth Group Incorporated (UNH)

Sheets Smith Wealth Management raised its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 3.9% during the third quarter, Holdings Channel reports. The fund owned 7,978 shares of the healthcare conglomerate’s stock after buying an additional 301 shares during the period. Sheets Smith Wealth Management’s holdings in UnitedHealth Group were worth $1,117,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UNH. Coconut Grove Bank boosted its stake in UnitedHealth Group by 19.5% in the third quarter. Coconut Grove Bank now owns 736 shares of the healthcare conglomerate’s stock valued at $103,000 after buying an additional 120 shares during the last quarter. First Personal Financial Services boosted its stake in UnitedHealth Group by 36.9% in the third quarter. First Personal Financial Services now owns 742 shares of the healthcare conglomerate’s stock valued at $104,000 after buying an additional 200 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in UnitedHealth Group by 669.2% in the second quarter. Archford Capital Strategies LLC now owns 800 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 696 shares during the last quarter. NewSquare Capital LLC boosted its stake in UnitedHealth Group by 4.8% in the third quarter. NewSquare Capital LLC now owns 880 shares of the healthcare conglomerate’s stock valued at $123,000 after buying an additional 40 shares during the last quarter. Finally, Adirondack Trust Co. boosted its stake in UnitedHealth Group by 16.4% in the third quarter. Adirondack Trust Co. now owns 885 shares of the healthcare conglomerate’s stock valued at $124,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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

UnitedHealth Group Incorporated (NYSE:UNH) opened at 161.99 on Tuesday. UnitedHealth Group Incorporated has a 12 month low of $110.21 and a 12 month high of $164.00. The company has a market cap of $154.08 billion, a PE ratio of 22.34 and a beta of 0.68. The company has a 50-day moving average of $161.18 and a 200 day moving average of $148.59.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, January 17th. The healthcare conglomerate reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.04. UnitedHealth Group had a net margin of 3.92% and a return on equity of 21.20%. The company earned $47.50 billion during the quarter, compared to analyst estimates of $47.12 billion. During the same quarter last year, the business posted $1.40 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts forecast that UnitedHealth Group Incorporated will post $9.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Friday, March 10th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $2.50 dividend on an annualized basis and a yield of 1.54%. UnitedHealth Group’s payout ratio is 33.47%.

“Sheets Smith Wealth Management Has $1,117,000 Position in UnitedHealth Group Incorporated (UNH)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The original version of this piece can be accessed at http://sleekmoney.com/sheets-smith-wealth-management-has-1117000-position-in-unitedhealth-group-incorporated-unh/1659776.html.

Several equities research analysts have weighed in on the company. Mizuho upgraded UnitedHealth Group from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Wednesday, November 30th. Vetr cut UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. RBC Capital Markets increased their price target on UnitedHealth Group from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, November 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $186.00 price target on shares of UnitedHealth Group in a research note on Tuesday, January 10th. Finally, J P Morgan Chase & Co increased their price target on UnitedHealth Group from $170.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $175.41.

In related news, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $159.80, for a total transaction of $2,397,000.00. Following the completion of the sale, the director now owns 1,940,030 shares in the company, valued at approximately $310,016,794. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gail R. Wilensky sold 5,460 shares of UnitedHealth Group stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $150.55, for a total transaction of $822,003.00. Following the sale, the director now owns 60,052 shares of the company’s stock, valued at approximately $9,040,828.60. The disclosure for this sale can be found here. Insiders have sold a total of 75,460 shares of company stock valued at $11,975,503 in the last quarter. 1.65% of the stock is currently owned by company insiders.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated is a diversified healthcare company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Company conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

5 Day Chart for NYSE:UNH

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNH).

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