Wells Fargo & Company MN Has $35.52 Million Stake in Molina Healthcare, Inc. (NYSE:MOH)

Wells Fargo & Company MN grew its holdings in Molina Healthcare, Inc. (NYSE:MOH – Get Rating) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,564 shares of the company’s stock after purchasing an additional 744 shares during the period. Wells Fargo & Company MN owned about 0.18% of Molina Healthcare worth $35,520,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Molina Healthcare by 0.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after buying an additional 33 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Molina Healthcare by 4.3% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 921 shares of the company’s stock valued at $304,000 after buying an additional 38 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Molina Healthcare by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 10,299 shares of the company’s stock valued at $3,397,000 after buying an additional 40 shares in the last quarter. American Trust grew its stake in shares of Molina Healthcare by 4.8% in the 3rd quarter. American Trust now owns 1,062 shares of the company’s stock valued at $350,000 after buying an additional 49 shares in the last quarter. Finally, Toroso Investments LLC grew its stake in shares of Molina Healthcare by 5.1% in the 3rd quarter. Toroso Investments LLC now owns 1,003 shares of the company’s stock valued at $331,000 after buying an additional 49 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.

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Analysts Set New Price Targets

A number of brokerages have issued reports on MOH. Cantor Fitzgerald began coverage on Molina Healthcare in a research report on Thursday, April 20th. They set an “overweight” rating and a $354.00 target price for the company. StockNews.com raised Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. JPMorgan Chase & Co. reduced their price objective on Molina Healthcare from $360.00 to $348.00 and set an “overweight” rating for the company in a research report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Molina Healthcare from $365.00 to $335.00 in a research note on Monday, May 8th. Finally, Credit Suisse Group upped their target price on Molina Healthcare from $347.00 to $350.00 in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $354.75.

Molina Healthcare Trading Up 0.9 %

Molina Healthcare stock traded up $2.70 during mid-day trading on Monday, hitting $287.04. The stock had a trading volume of 68,479 shares, compared to its average volume of 500,888. The stock has a 50-day simple moving average of $287.21 and a two-hundred day simple moving average of $296.86. The stock has a market capitalization of $16.73 billion, a PE ratio of 19.37, a P/E/G ratio of 1.06 and a beta of 0.68. 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 0.72.

Molina Healthcare (NYSE:MOH – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.13 by $0.68. The business had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.31 billion. Molina Healthcare had a return on equity of 36.20% and a net margin of 2.64%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.90 earnings per share. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 20.26 EPS for the current year.

Molina Healthcare Profile

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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.