Spire Wealth Management increased its stake in shares of Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 131.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208 shares of the healthcare provider after purchasing an additional 118 shares during the period. Spire Wealth Management’s holdings in Universal Health Services were worth $30,000 when it last filed with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also changed their positions in UHS. LPL Financial LLC increased its position in Universal Health Services by 10.9% during the third quarter. LPL Financial LLC now owns 11,387 shares of the healthcare provider worth $1,576,000 after acquiring an additional 1,119 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Universal Health Services during the fourth quarter worth approximately $221,000. Stratos Wealth Partners LTD. increased its position in Universal Health Services by 7.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,814 shares of the healthcare provider worth $495,000 after acquiring an additional 270 shares in the last quarter. Canvas Wealth Advisors LLC acquired a new position in Universal Health Services during the fourth quarter worth approximately $1,453,000. Finally, Mayfair Advisory Group LLC acquired a new position in Universal Health Services during the fourth quarter worth approximately $206,000. Institutional investors hold 89.41% of the company’s shares.
Stock of universal health services opened at $103.44 on Friday. Universal Health Services, Inc. has a 1-year minimum of $98.89 and a 1-year maximum of $165.00. The company has a 50-day moving average price of $115.76 and a 200-day moving average price of $130.54. The company has a market capitalization of $7.74 billion, a price-earnings ratio of 9.07, a PEG ratio of 4.90 and a beta of 1.16. The company has a debt ratio of 0.71, a quick ratio of 0.98 and a current ratio of 1.07.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly earnings data on Monday, April 25. The healthcare service provider reported earnings per share (EPS) of $2.15 for the quarter, missing the consensus estimate of $2.47 per ($0.32). Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The company posted revenue of $3.29 billion for the quarter, versus $3.24 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $2.44. Universal Health Services quarterly revenue increased 9.3% compared to the same quarter last year. Sell-side analysts expect Universal Health Services, Inc. to post EPS of 9.23 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 31. This represents an annualized dividend of $0.80 and a yield of 0.77%. Universal Health Services’ dividend payout ratio is currently 7.01%.
A number of stock analysts have released reports on the stock. BMO Capital Markets has downgraded Universal Health Services shares from a “market performance” rating to an “underperforming” rating and reduced its target price for the stock from $133.00 to $90.00 in a research report Wednesday. Loop Capital began covering Universal Health Services stocks in a research report on Thursday, June 16. They issued a “holding” rating and a price target of $115.00 for the company. Stephens cut his price target on Universal Health Services stock to $105.00 in a Monday, July 4, research report. Wells Fargo & Company cut its price target on Universal Health Services stock from $139.00 to $118.00 in a Thursday, April 28 research report. Finally, Royal Bank of Canada cut its price target on Universal Health Services shares from $149.00 to $130.00 in a Wednesday, April 27 research report. Five analysts gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, Universal Health Services currently has an average rating of “Hold” and an average target price of $133.86.
About Universal Health Services (Get a rating)
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.
Receive daily news and reviews for Universal Health Services – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Universal Health Services and related companies with MarketBeat.com’s free daily email newsletter.