Burney Co Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Burney Co reduced its stake in UnitedHealth Group Inc by 1.68% during the most recent quarter end. The investment management company now holds a total of 161,570 shares of UnitedHealth Group Inc which is valued at $21,333,703 after selling 2,767 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.UnitedHealth Group Inc makes up approximately 1.57% of Burney Co’s portfolio.

UnitedHealth Group Inc closed down -0.27 points or -0.20% at $132.04 with 26,18,614 shares getting traded on Friday. Post opening the session at $132.09, the shares hit an intraday low of $130.6 and an intraday high of $132.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Farmers Merchants Investments Inc boosted its stake in UNH in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 57,427 shares of UnitedHealth Group Inc which is valued at $7,582,661. UnitedHealth Group Inc makes up approx 0.88% of Farmers Merchants Investments Inc’s portfolio.Dupont Capital Management Corp boosted its stake in UNH in the latest quarter, The investment management firm added 10,007 additional shares and now holds a total of 190,199 shares of UnitedHealth Group Inc which is valued at $25,045,404. UnitedHealth Group Inc makes up approx 0.57% of Dupont Capital Management Corp’s portfolio.Mitchell Mcleod Pugh Williams Inc reduced its stake in UNH by selling 80 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 11,560 shares of UNH which is valued at $1,550,543. UnitedHealth Group Inc makes up approx 1.22% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Ferguson Wellman Capital Management Inc boosted its stake in UNH in the latest quarter, The investment management firm added 168,519 additional shares and now holds a total of 355,355 shares of UnitedHealth Group Inc which is valued at $47,663,766. UnitedHealth Group Inc makes up approx 1.98% of Ferguson Wellman Capital Management Inc’s portfolio.

On the company’s financial health, UnitedHealth Group Inc reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $1.72. The company had revenue of $44527.00 million for the quarter, compared to analysts expectations of $44278.96 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. Company shares were Reiterated by Mizuho on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 156 from a previous price target of $150 .Company shares were Reiterated by FBR Capital on Apr 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 145 from a previous price target of $130 .Company shares were Reiterated by Mizuho on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $131 .

UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

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