Raymond James Associates Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Raymond James Associates reduced its stake in UnitedHealth Group Inc by 4.37% during the most recent quarter end. The investment management company now holds a total of 1,074,894 shares of UnitedHealth Group Inc which is valued at $153,580,855 after selling 49,088 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.UnitedHealth Group Inc makes up approximately 0.47% of Raymond James Associates’s portfolio.

Other Hedge Funds, Including , Laurel Wealth Advisors reduced its stake in UNH by selling 312 shares or 13.97% in the most recent quarter. The Hedge Fund company now holds 1,921 shares of UNH which is valued at $274,472. UnitedHealth Group Inc makes up approx 0.13% of Laurel Wealth Advisors’s portfolio.Haverford Trust Co reduced its stake in UNH by selling 6,955 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 718,044 shares of UNH which is valued at $102,673,112. UnitedHealth Group Inc makes up approx 2.52% of Haverford Trust Co’s portfolio.Bainco International Investors boosted its stake in UNH in the latest quarter, The investment management firm added 8,645 additional shares and now holds a total of 79,822 shares of UnitedHealth Group Inc which is valued at $11,404,967. UnitedHealth Group Inc makes up approx 2.35% of Bainco International Investors’s portfolio.Retirement Systems Of Alabama boosted its stake in UNH in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 578,830 shares of UnitedHealth Group Inc which is valued at $82,008,634. UnitedHealth Group Inc makes up approx 0.46% of Retirement Systems Of Alabama’s portfolio.Oakbrook Investments reduced its stake in UNH by selling 6,700 shares or 23.97% in the most recent quarter. The Hedge Fund company now holds 21,250 shares of UNH which is valued at $3,053,413. UnitedHealth Group Inc makes up approx 0.16% of Oakbrook Investments’s portfolio.

UnitedHealth Group Inc closed down -0.08 points or -0.06% at $142.01 with 22,95,478 shares getting traded on Tuesday. Post opening the session at $142.73, the shares hit an intraday low of $141.75 and an intraday high of $142.87 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, UnitedHealth Group Inc reported $1.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.89. The company had revenue of $46485.00 million for the quarter, compared to analysts expectations of $45039.08 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.

Investors should note that on Aug 3, 2016, UnitedHealth Group Inc announced a cash dividend of $0.6250. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 20, 2016.

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 .Company shares were Reiterated by Mizuho on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $156 .

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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