US Bancorp DE Has $580,000 Holdings in Molina Healthcare, Inc. (NYSE:MOH)

US Bancorp DE boosted its position in Molina Healthcare, Inc. (NYSE:MOH) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,993 shares of the company’s stock after buying an additional 364 shares during the quarter. US Bancorp DE’s holdings in Molina Healthcare were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOH. Janney Montgomery Scott LLC boosted its position in shares of Molina Healthcare by 3.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,509 shares of the company’s stock valued at $865,000 after acquiring an additional 72 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Molina Healthcare by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 74,160 shares of the company’s stock valued at $25,553,000 after acquiring an additional 2,389 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Molina Healthcare during the 3rd quarter valued at about $213,000. WCM Investment Management LLC boosted its position in shares of Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after acquiring an additional 36 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Molina Healthcare during the 3rd quarter valued at about $1,001,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Mizuho decreased their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, Stephens reissued an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and an average target price of $355.69.

Molina Healthcare Stock Down 2.6 %

Shares of NYSE MOH opened at $324.63 on Wednesday. The company has a 50 day simple moving average of $296.16 and a 200 day simple moving average of $311.33. The firm has a market cap of $18.02 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.