Dorchester Wealth Management Co Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Dorchester Wealth Management Co reduced its stake in UnitedHealth Group Inc by 9.07% during the most recent quarter end. The investment management company now holds a total of 24,325 shares of UnitedHealth Group Inc which is valued at $3,257,604 after selling 2,425 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.UnitedHealth Group Inc makes up approximately 1.23% of Dorchester Wealth Management Co’s portfolio.

Other Hedge Funds, Including , Stonebridge Capital Management Inc boosted its stake in UNH in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 2,260 shares of UnitedHealth Group Inc which is valued at $302,659. UnitedHealth Group Inc makes up approx 0.13% of Stonebridge Capital Management Inc’s portfolio.Charter Trust Co reduced its stake in UNH by selling 591 shares or 5.23% in the most recent quarter. The Hedge Fund company now holds 10,717 shares of UNH which is valued at $1,435,221. UnitedHealth Group Inc makes up approx 0.17% of Charter Trust Co’s portfolio.Creative Planning boosted its stake in UNH in the latest quarter, The investment management firm added 6,447 additional shares and now holds a total of 39,862 shares of UnitedHealth Group Inc which is valued at $5,371,405. UnitedHealth Group Inc makes up approx 0.03% of Creative Planning’s portfolio.Dorsey Wright Associates boosted its stake in UNH in the latest quarter, The investment management firm added 172 additional shares and now holds a total of 9,641 shares of UnitedHealth Group Inc which is valued at $1,331,229. UnitedHealth Group Inc makes up approx 0.67% of Dorsey Wright Associates’s portfolio.Advisory Services Network reduced its stake in UNH by selling 3,535 shares or 76.3% in the most recent quarter. The Hedge Fund company now holds 1,098 shares of UNH which is valued at $150,053. UnitedHealth Group Inc makes up approx 0.03% of Advisory Services Network’s portfolio.

UnitedHealth Group Inc closed down -0.27 points or -0.20% at $133.92 with 34,52,918 shares getting traded on Friday. Post opening the session at $134.78, the shares hit an intraday low of $133.89 and an intraday high of $135.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, UnitedHealth Group Inc reported $2.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $2.08. The company had revenue of $46293.00 million for the quarter, compared to analysts expectations of $46061.01 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.

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 .

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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