DaVita Inc. (NYSE:DVA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in shares of DaVita Inc. (NYSE:DVA) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,192 shares of the company’s stock after selling 1,868 shares during the quarter. Principal Financial Group Inc. owned 0.07% of DaVita worth $8,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of DaVita by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 2,711 shares of the company’s stock worth $405,000 after acquiring an additional 227 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of DaVita by 5.0% in the first quarter. Fifth Third Bancorp now owns 4,274 shares of the company’s stock worth $654,000 after acquiring an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of DaVita by 22.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,351 shares of the company’s stock worth $666,000 after acquiring an additional 800 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of DaVita in the first quarter worth about $1,010,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of DaVita in the fourth quarter worth about $5,636,000. Institutional investors and hedge funds own 90.12% of the company’s stock.

DaVita Trading Up 0.6%

Shares of NYSE DVA opened at $143.43 on Tuesday. The stock’s 50 day moving average price is $140.24 and its two-hundred day moving average price is $148.87. DaVita Inc. has a 52-week low of $131.76 and a 52-week high of $179.60. The stock has a market capitalization of $10.83 billion, a P/E ratio of 14.21, a PEG ratio of 0.98 and a beta of 1.11. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 23.18.

DaVita (NYSE:DVA) last announced its quarterly earnings results on Monday, May 12th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.25. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.22 billion. DaVita had a return on equity of 176.11% and a net margin of 6.63%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. On average, analysts anticipate that DaVita Inc. will post 10.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DVA shares. Wall Street Zen upgraded DaVita from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Truist Financial cut their price objective on DaVita from $170.00 to $164.00 and set a “hold” rating on the stock in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.50.

DaVita Profile

DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers.