Toronto Dominion Bank Acquires 541 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Toronto Dominion Bank increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,193 shares of the company’s stock after buying an additional 541 shares during the quarter. Toronto Dominion Bank’s holdings in Molina Healthcare were worth $13,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quent Capital LLC boosted its holdings in Molina Healthcare by 6.8% during the 1st quarter. Quent Capital LLC now owns 489 shares of the company’s stock worth $201,000 after acquiring an additional 31 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in Molina Healthcare by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after purchasing an additional 32 shares during the last quarter. Clear Creek Financial Management LLC increased its stake in Molina Healthcare by 2.2% in the 1st quarter. Clear Creek Financial Management LLC now owns 1,462 shares of the company’s stock valued at $601,000 after buying an additional 32 shares during the last quarter. Ritholtz Wealth Management increased its stake in Molina Healthcare by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock valued at $585,000 after buying an additional 33 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Molina Healthcare by 11.5% during the 1st quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock worth $136,000 after buying an additional 34 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO James Woys sold 10,000 shares of Molina Healthcare stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO James Woys sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronna Romney sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the sale, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of several recent analyst reports. Baird R W raised Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Tuesday. Stephens reiterated an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research note on Thursday. Barclays reduced their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Finally, Robert W. Baird started coverage on shares of Molina Healthcare in a research report on Thursday, May 30th. They issued an “outperform” rating and a $405.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $376.18.

Molina Healthcare Stock Performance

Molina Healthcare stock traded up $11.19 during midday trading on Friday, reaching $335.36. The stock had a trading volume of 1,251,082 shares, compared to its average volume of 484,697. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $19.65 billion, a PE ratio of 18.20, a P/E/G ratio of 0.89 and a beta of 0.58. Molina Healthcare, Inc. has a 12 month low of $282.96 and a 12 month high of $423.92. The firm’s 50-day moving average price is $307.20 and its 200 day moving average price is $353.65.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 29.17%. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the company posted $5.65 EPS. Molina Healthcare’s revenue was up 18.7% compared to the same quarter last year. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.56 earnings per share for the current fiscal year.

Molina Healthcare Company Profile

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.