Whittier Trust Co. of Nevada Inc. Invests $64,000 in Molina Healthcare, Inc. (NYSE:MOH)

Posted by Defense World Staff on Apr 7th, 2023

Whittier Trust Co. of Nevada Inc. bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 193 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of Molina Healthcare during the second quarter worth $25,000. Massmutual Trust Co. FSB ADV raised its position in shares of Molina Healthcare by 64.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 92 shares of the company’s stock worth $30,000 after purchasing an additional 36 shares during the period. Guardian Wealth Advisors LLC acquired a new stake in shares of Molina Healthcare during the third quarter worth $31,000. Accurate Wealth Management LLC purchased a new position in shares of Molina Healthcare during the fourth quarter valued at $35,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Molina Healthcare during the first quarter valued at $40,000. 94.25% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $285.57 on Friday. The company has a market capitalization of $16.64 billion, a PE ratio of 21.08, a PEG ratio of 0.70 and a beta of 0.67. Molina Healthcare, Inc. has a 12 month low of $249.78 and a 12 month high of $374.00. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $282.53 and its 200 day simple moving average is $314.14.

Molina Healthcare (NYSE:MOH – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.06 by $0.04. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.87 billion. Molina Healthcare had a return on equity of 36.05% and a net margin of 2.48%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 19.76 EPS for the current year.

Insider Activity

In other news, Director Daniel Cooperman sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $276.77, for a total value of $1,383,850.00. Following the completion of the transaction, the director now owns 4,944 shares in the company, valued at approximately $1,368,350.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on MOH. Truist Financial lowered their target price on Molina Healthcare from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, February 10th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 23rd. Stephens restated an “equal weight” rating and issued a $375.00 target price on shares of Molina Healthcare in a research note on Thursday, February 9th. Bank of America upgraded Molina Healthcare from an “underperform” rating to a “neutral” rating and set a $388.00 price target for the company in a research note on Tuesday, December 13th. Finally, Credit Suisse Group cut their price objective on Molina Healthcare from $395.00 to $347.00 and set an “outperform” rating for the company in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $356.36.

Molina Healthcare Profile

(Get Rating)

Molina Healthcare, Inc engages in the provision of health care services. It operates through the following segments: Medicaid, Medicare, Marketplace, and Other. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.