Schmidt P J Investment Management Inc Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Schmidt P J Investment Management Inc reduced its stake in UnitedHealth Group Inc by 3.29% during the most recent quarter end. The investment management company now holds a total of 35,520 shares of UnitedHealth Group Inc which is valued at $5,048,458 after selling 1,209 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.UnitedHealth Group Inc makes up approximately 1.84% of Schmidt P J Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Pathstone Family Office sold out all of its stake in UNH during the most recent quarter. The investment firm sold 583 shares of UNH which is valued $82,862. Reynders Mcveigh Capital Management added UNH to its portfolio by purchasing 1,422 company shares during the most recent quarter which is valued at $203,332. UnitedHealth Group Inc makes up approx 0.03% of Reynders Mcveigh Capital Management’s portfolio.First Trust Advisors Lp reduced its stake in UNH by selling 66,470 shares or 20.64% in the most recent quarter. The Hedge Fund company now holds 255,628 shares of UNH which is valued at $36,552,248. UnitedHealth Group Inc makes up approx 0.11% of First Trust Advisors Lp’s portfolio.Hartford Investment Management Co reduced its stake in UNH by selling 9,279 shares or 3.58% in the most recent quarter. The Hedge Fund company now holds 250,057 shares of UNH which is valued at $35,930,690. UnitedHealth Group Inc makes up approx 0.73% of Hartford Investment Management Co’s portfolio.

UnitedHealth Group Inc opened for trading at $141.29 and hit $141.91 on the upside on Wednesday, eventually ending the session at $141.71, with a gain of 0.45% or 0.63 points. The heightened volatility saw the trading volume jump to 18,49,066 shares. Company has a market cap of $134,963 M.

On the company’s financial health, UnitedHealth Group Inc reported $1.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.89. The company had revenue of $46485.00 million for the quarter, compared to analysts expectations of $45039.08 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.

Investors should note that on Aug 3, 2016, UnitedHealth Group Inc announced a cash dividend of $0.6250. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 20, 2016.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. UnitedHealth Group Inc was Upgraded by Argus to ” Buy” on Jul 22, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 165 from a previous price target of $157 .Company shares were Reiterated by Mizuho on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $156 .

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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