Commonwealth Equity Services LLC reduced its stake in the shares of Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 2.4% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 3,771 shares of the healthcare provider after selling 94 shares during the period. Commonwealth Equity Services LLC’s holdings in Universal Health Services were worth $546,000 at the end of the last quarter.
Other institutional investors and hedge funds have also recently changed their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its equity stake in Universal Health Services by 12.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,457 shares of the healthcare provider worth $4,813,000 after acquiring 4,147 additional shares in the last quarter. American Century Companies Inc. increased its equity stake in Universal Health Services by 15.6% during the 4th quarter. American Century Companies Inc. now owns 2,269,854 shares of the healthcare provider worth $294,310,000 after acquiring 307,066 additional shares in the last quarter. Victory Capital Management Inc. increased its equity stake in Universal Health Services by 19.5% during the 4th quarter. Victory Capital Management Inc. now owns 63,537 shares of the healthcare provider worth $8,238,000 after acquiring an additional 10,363 shares in the last quarter. Sivik Global Healthcare LLC increased its stake in Universal Health Services by 3,100.0% in the fourth quarter. Sivik Global Healthcare LLC now owns 60,000 shares of the healthcare provider valued at $7,780,000 after buying an additional 62,000 shares last quarter. Finally, ProShare Advisors LLC increased its stake in Universal Health Services by 27.4% in the 4th quarter. ProShare Advisors LLC now owns 22,783 shares of the healthcare provider valued at $2,954,000 after buying an additional 4,906 shares last quarter. Institutional investors hold 89.41% of the company’s shares.
Price performance of universal health services
Shares of UHS stock opened at $107.98 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.22 and a leverage ratio of 0.78. Universal Health Services, Inc. has a 12-month low of $98.63 and a 12-month high of $158.28. The company has a market capitalization of $7.88 billion, a P/E ratio of 11.00, a P/E/G ratio of 3.42 and a beta of 1.18. The company has a fifty-day simple moving average of $107.05 and a 200-day simple moving average of $125.94.
Universal health services (NYSE: UHS – Get a rating) last released its results on Monday, July 25. The healthcare provider reported EPS of $2.20 for the quarter, beating the consensus estimate of $2.10 by $0.10. The company posted revenue of $3.32 billion in the quarter, versus a consensus estimate of $3.27 billion. Universal Health Services had a return on equity of 12.88% and a net margin of 5.94%. The company’s quarterly revenue increased 3.9% year over year. During the same period last year, the company earned earnings per share of $3.76. On average, sell-side analysts expect Universal Health Services, Inc. to post EPS of 9.89 for the current fiscal year.
Announcing the Universal Health Services Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.20. The ex-dividend date is Wednesday, August 31. This represents an annualized dividend of $0.80 and a yield of 0.74%. Universal Health Services’ dividend payout rate is currently 8.15%.
A Wall Street analyst gives his opinion
UHS has been the subject of several research reports. The Royal Bank of Canada lowered its price target on universal health services from $149.00 to $130.00 in a report on Wednesday, April 27. TheStreet lowered Universal Health Services from a “b-” grade to a “c+” grade in a Tuesday, June 21 report. SVB Leerink raised its target price on Universal Health Services from $103.00 to $111.00 and gave the stock a “market performance” rating in a Thursday, July 28 report. Credit Suisse Group set a target price of $135.00 on universal health services in a Tuesday, July 19 report. Finally, Loop Capital kicked off universal health service coverage in a Thursday, June 16 report. They set a “holding” rating and a target price of $115.00 on the stock. Five analysts have assigned the stock a sell rating, four have issued a hold rating and five have assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.00.
About Universal Health Services
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.
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