Fintel reports that on September 14, 2023, Cantor Fitzgerald reiterated coverage of Unitedhealth Group (NYSE:UNH) with a Overweight recommendation.
Analyst Price Forecast Suggests 20.89% Upside
As of August 31, 2023, the average one-year price target for Unitedhealth Group is 584.93. The forecasts range from a low of 525.20 to a high of $682.50. The average price target represents an increase of 20.89% from its latest reported closing price of 483.86.
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The projected annual revenue for Unitedhealth Group is 359,839MM, an increase of 3.25%. The projected annual non-GAAP EPS is 25.20.
Unitedhealth Group Declares $1.88 Dividend
On August 23, 2023 the company declared a regular quarterly dividend of $1.88 per share ($7.52 annualized). Shareholders of record as of September 11, 2023 will receive the payment on September 19, 2023. Previously, the company paid $1.88 per share.
At the current share price of $483.86 / share, the stock's dividend yield is 1.55%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.43%, the lowest has been 1.08%, and the highest has been 2.22%. The standard deviation of yields is 0.19 (n=236).
The current dividend yield is 0.64 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.33. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.50%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 4830 funds or institutions reporting positions in Unitedhealth Group. This is a decrease of 95 owner(s) or 1.93% in the last quarter. Average portfolio weight of all funds dedicated to UNH is 1.14%, a decrease of 5.97%. Total shares owned by institutions decreased in the last three months by 7.54% to 922,849K shares. 
The put/call ratio of UNH is 0.87, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 29,164K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 29,386K shares, representing a decrease of 0.76%. The firm decreased its portfolio allocation in UNH by 6.08% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 29,031K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 28,925K shares, representing an increase of 0.36%. The firm decreased its portfolio allocation in UNH by 5.82% over the last quarter.
Price T Rowe Associates holds 27,941K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 31,592K shares, representing a decrease of 13.06%. The firm increased its portfolio allocation in UNH by 88.90% over the last quarter.
Wellington Management Group Llp holds 24,693K shares representing 2.67% ownership of the company. In it's prior filing, the firm reported owning 24,079K shares, representing an increase of 2.48%. The firm decreased its portfolio allocation in UNH by 0.47% over the last quarter.
Jpmorgan Chase holds 22,408K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 19,864K shares, representing an increase of 11.35%. The firm increased its portfolio allocation in UNH by 715.02% over the last quarter.
Unitedhealth Group Background Information
(This description is provided by the company.)
UnitedHealth Group is a diversified health care company dedicated to helping people live healthier lives and helping make the health system work better for everyone. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services.
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