abrdn plc reduced its stake in Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 38.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor held 18,006 shares of the healthcare provider after selling 11,091 shares during the period. abrn plc’s holdings in Universal Health Services were worth $2,654,000 when it last filed with the SEC.
Other institutional investors have also recently changed their stake in the company. National Bank of Canada FI acquired a new stake in Universal Health Services during the 4th quarter for a value of $32,000. Van ECK Associates Corp increased its stake in Universal Health Services by 21.0% during the 4th quarter. Van ECK Associates Corp now owns 8,377 shares of the healthcare provider valued at $1,086,000 after buying an additional 1,453 shares during the period. State of Michigan Retirement System increased its stake in Universal Health Services by 6.1% during the 4th quarter. The Michigan State Retirement System now owns 21,344 shares of the health care provider worth $2,767,000 after buying 1,234 additional shares during the period. Desjardins Global Asset Management Inc. acquired a new stake in Universal Health Services during the 4th quarter at a value of $290,000. Finally, Yousif Capital Management LLC acquired a new stake in Universal Health Services during the 4th quarter at a value of $1,469,000. Institutional investors hold 89.41% of the company’s shares.
A Wall Street analyst gives his opinion
Several analysts have released reports on UHS stocks. SVB Leerink raised its target price on Universal Health Services shares from $103.00 to $111.00 and gave the company a “market performance” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered its price target on Universal Health Services shares from $160.00 to $130.00 in a Wednesday, July 27 report. StockNews.com cut shares of Universal Health Services from a “buy” rating to a “hold” rating in a report on Friday, April 29. Credit Suisse Group set a price target of $135.00 on shares of Universal Health Services in a Tuesday, July 19 report. Finally, UBS Group raised its price target on Universal Health Services shares to $105.00 in a Tuesday, July 26 report. Five equity research 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, the company has an average rating of “Hold” and a consensus target price of $122.14.
Stock of universal health services up 0.6%
UHS stock opened at $112.47 on Monday. The company has a debt ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. Universal Health Services, Inc. has a 52-week minimum of $98.63 and a 52-week maximum of $162.23. The company has a 50-day moving average of $110.53 and a two-hundred-day moving average of $128.02. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 11.45, a growth price-to-earnings ratio of 4.95 and a beta of 1.16.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly results on Monday, July 25. The healthcare service provider reported earnings per share (EPS) of $2.20 for the quarter, beating analyst consensus estimates of $2.10 by $0.10. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.74%. The company posted revenue of $3.32 billion in the quarter, versus $3.27 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $3.76. The company’s quarterly revenue increased by 3.9% compared to the same quarter last year. As a group, equity research analysts expect Universal Health Services, Inc. to post EPS of 9.55 for the current year.
Announcing the Universal Health Services Dividend
The company also recently declared 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 per share. This represents a dividend of $0.80 on an annualized basis and a yield of 0.71%. The ex-date of this dividend is Wednesday, August 31. Universal Health Services’ dividend payout ratio (DPR) is 8.15%.
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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