The Vanguard Group, Inc. has recently announced that it has increased stake in Molina Healthcare Inc. (NYSE:MOH) by 0.37%. After grabbing 6.37 million shares, the institutional investor is now in possession of 23673.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 10.91% having worth around $1.75 billion. Moreover, BlackRock Fund Advisors increased its share by 0.43 million to have a control over 3.45 million shares. And Fidelity Management & Research Co raised its holdings to 0.51 million shares by acquiring 3.41 million shares or 5.84% of the stake.
Molina Healthcare Inc. (MOH) concluded trading on 03/23/23 at a closing price of $263.68, with 0.92 million shares of worth about $242.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.56% during that period and on Thursday the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 57.80M shares, out of which, 57.75M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $389.00 and could fall to a lowest price of $282.00. The stock’s current price level is 25.83% above of average price target set by the analysts, while a rise to estimated low would result in gain of 6.5% for the stock. However, touching the estimated high of $389.00 would mean a gain of 32.22% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 164 times over the past 12 months. They bought 395,676 shares in 52 of the transactions. In 112 selling transactions, insiders dumped 449,498 shares.
American Funds Small Cap World Fu, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Molina Healthcare Inc. American Funds Small Cap World Fu is currently holding 2.17 million shares of worth totaling $598.2 million. The company recently came selling -0.23 million shares which brought its stake up to 3.72% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 6782.0 shares, after which its hold over company’s outstanding shares expand to 3.07%, leaving 1.79 million shares with the mutual fund that have a worth of about $494.08 million. Vanguard Mid Cap Index Fund, after buying 1.36 million shares, have now control over 2.34% of the stake in the company. It holds 1428.0 shares of worth $375.4 million.
However, the stock later moved at a day high price of 266.43, or with a loss of -0.53%. Stock saw a price change of -0.04% in past 5 days and over the past one month there was a price change of -10.36%. Year-to-date (YTD), MOH shares are showing a performance of -20.15% which decreased to -22.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $249.78 but also hit the highest price of $374.00 during that period. The average intraday trading volume for Molina Healthcare Inc. shares is 505.68K. The stock is currently trading -2.99% below its 20-day simple moving average (SMA20), while that difference is down -8.59% for SMA50 and it goes to -16.06% lower than SMA200.
The Vanguard Group, Inc. acquired 6.37 million shares of Molina Healthcare Inc. having value of about $1.75 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 23673.0 shares in the company valued at close to $6242096.64, or have control over 0.37% stake in the company. Molina Healthcare Inc. (NYSE: MOH) currently have 57.80M outstanding shares and institutions hold larger chunk of about 98.00% of that. Holding of mutual funds in the company is about 35.08% while other institutional holders and individual stake holders have control over 63.59% and 13.88% of the stake respectively.
The stock has a current market capitalization of $15.40B and its 3Y-monthly beta is at 0.69. PE ratio of stock for trailing 12 months is 19.47, while it has posted earnings per share of $13.54 in the same period. Its PEG reads 1.09 and has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MOH, volatility over the week remained 1.79% while standing at 2.48% over the month.
Analysts are in expectations that Molina Healthcare Inc. (MOH) stock would likely to be making an EPS of $5.52 in the current quarter, while forecast for next quarter EPS is $5.2 and it is $23.13 for next year. For the current quarter EPS, analysts have given the company a lowest target $5.14 which is $5.9 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.9 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.40% while it is estimated to increase by 16.73% in next year. EPS is likely to shrink at an annualized rate of 17.83% for next 5-years, compared to annual growth of 29.60% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the Molina Healthcare Inc. (MOH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 17 Wall Street analysts, 7 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 13, 2022 offering a Neutral rating for the stock and assigned a target price of $388 to it. Coverage by JP Morgan stated Molina Healthcare Inc. (MOH) stock as an Overweight in their note to investors on October 03, 2022, suggesting a price target of $360 for the stock. On June 17, 2022, Loop Capital Initiated their recommendations, while on May 26, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $335. Stock get a Buy rating from Goldman on December 14, 2021.
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