Invesco Capital Management LLC recently announced the acquisition of new stake in DaVita Inc. (NYSE:DVA). The institutional investor has increased its shareholding in the Healthcare company by 45.64% to 1.63 million shares with purchase of 0.51 million shares. This fresh investment now brings its stake to 1.80% valued currently at $133.83 million. In addition, Norges Bank Investment Management raised its holdings by 0.35 million to 1.56 million shares. And Geode Capital Management LLC has lifted its position by 0.05% or 579.0 shares – to 1.14 million shares.
With over 0.85 million DaVita Inc. (DVA) shares trading Tuesday and a closing price of $78.20 on the day, the dollar volume was approximately $66.66 million. The shares have shown a negative half year performance of -15.92% and its price on 03/21/23 gained nearly 0.27%. Currently, there are 90.09M common shares owned by the public and among those 87.34M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for DVA have a consensus price objective of $85.41. The analysts have set the share’s price value over the next 12 months at a high of $90.00 and a low of $74.00. The average price target is 10.62% above its recent price level and a downside to the estimated low will see the stock lose -5.68% over that period. But an upside of 13.11% will see the stock hit the forecast high price target while median target price for the stock is $86.00.
Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 375,926 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 261,182 shares.
The top 3 mutual fund holders in DaVita Inc. are Government Pension Fund – Global, Vanguard Total Stock Market Index, and Vanguard 500 Index Fund. Government Pension Fund – Global owns 1.54 million shares of the company’s stock, all valued at over $127.03 million. The company bought an additional 0.35 million shares recently to bring their total holdings to about 1.71% of the shares outstanding. Vanguard Total Stock Market Index bought 1492.0 shares to see its total holdings expand to 1.52 million shares valued at over $125.35 million and representing 1.69% of the shares outstanding. Vanguard 500 Index Fund bought 2501.0 shares to bring its total holdings to over 1.28 million shares at a value of $104.95 million. Vanguard 500 Index Fund now owns shares totaling to 1.41% of the shares outstanding.
Shares of DaVita Inc. (NYSE: DVA) opened at $78.66, up $0.67 from a prior closing price of $77.99. However, the script later moved the day high at 79.16, up 0.27%. The company’s stock has a 5-day price change of 2.09% and 8.00% over the past three months. DVA shares are trading 4.73% year to date (YTD), with the 12-month market performance down to -31.16% lower. It has a 12-month low price of $65.28 and touched a high of $124.81 over the same period. DVA has an average intraday trading volume of 673.61K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.79%, -3.16%, and -5.33% respectively.
Institutional ownership of DaVita Inc. (NYSE: DVA) shares accounts for 90.70% of the company’s 90.09M shares outstanding. Mutual fund holders own 49.99%, while other institutional holders and individual stakeholders account for 60.78% and 27.47% respectively.
It has a market capitalization of $7.19B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 13.87, while the earnings-per-share (ttm) stands at $5.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 2.85% over the month.
Analysts forecast that DaVita Inc. (DVA) will achieve an EPS of $0.91 for the current quarter, $1.22 for the next quarter and $6.73 for 2023. The lowest estimate earnings-per-share for the quarter is $0.73 while analysts give the company a high EPS estimate of $1. Comparatively, EPS for the current quarter was $2.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -35.90%, and 15.22% over the next financial year. EPS should shrink at an annualized rate of -1.70% over the next five years, compared to 10.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate DaVita Inc. (DVA) as a “Hold” at a consensus score of 3.10. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 6 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DVA, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on November 01, 2022, with the firm’s price target at $97-$72. UBS coverage for the DaVita Inc. (DVA) stock in a research note released on October 31, 2022 offered a Neutral rating with a price target of $74. UBS was of a view on August 19, 2022 that the stock is Buy, while BofA Securities gave the stock Underperform rating on June 21, 2022, issuing a price target of $110- $90. Cowen on their part issued Market Perform rating on September 10, 2021.
