Universal Health Services (NYSE:UHS) PT lowered to $130.00

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Universal health services (NYSE: UHSGet a rating) saw its target price reduced by Deutsche Bank Aktiengesellschaft from $160.00 to $130.00 in a research report sent to investors on Wednesday morning, Fly reports.

Several other analysts have also recently commented on UHS. Mizuho cut its price target on Universal Health Services stock from $153.00 to $121.00 and set a buy rating on the stock in a research report on Friday, July 1. UBS Group raised its price target on shares of Universal Health Services to $105.00 in a Tuesday, July 26 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. SVB Leerink cut its price target on Universal Health Services stock from $108.00 to $103.00 and set a market performance rating on the stock in a Friday, July 15 research report. Finally, Credit Suisse Group set a price target of $135.00 on shares of Universal Health Services in a research report on Tuesday, July 19. Five equity research analysts rated the stock with a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $122.14.

Stock of universal health services up 0.6%

NYSE: UHS opened at $112.47 on Wednesday. The company’s 50-day moving average price is $110.53 and its 200-day moving average price is $128.02. The company has a market capitalization of $8.41 billion, a PE ratio of 11.45, a P/E/G ratio of 4.95 and a beta of 1.16. 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 has a 1-year minimum of $98.63 and a 1-year maximum of $162.23.

Universal health services (NYSE: UHSGet a rating) last released its results on Monday, July 25. The healthcare provider reported earnings per share of $2.20 for the quarter, beating analyst consensus estimates of $2.10 by $0.10. The company posted revenue of $3.32 billion for the quarter, versus a consensus estimate of $3.27 billion. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.74%. The company’s revenue increased by 3.9% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $3.76. On average, stock analysts predict Universal Health Services will post EPS of 9.55 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. This represents an annualized dividend of $0.80 and a dividend yield of 0.71%. The ex-dividend date is Wednesday, August 31. Universal Health Services’ dividend payout ratio (DPR) is currently 8.15%.

Institutional investors weigh in on universal health services

Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. SG Americas Securities LLC increased its stake in Universal Health Services by 463.4% in the second quarter. SG Americas Securities LLC now owns 15,837 shares of the healthcare provider worth $1,595,000 after acquiring 13,026 additional shares last quarter. Parsons Capital Management Inc. RI increased its stake in Universal Health Services by 14.5% in Q2. Parsons Capital Management Inc. RI now owns 10,178 shares of the healthcare provider worth $1,025,000 after acquiring 1,286 additional shares in the last quarter. Russell Investments Group Ltd. increased its stake in Universal Health Services by 42.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 96,993 shares of the healthcare provider worth $9,842,000 after acquiring 28,846 additional shares last quarter. National Bank of Canada FI increased its position in Universal Health Services by 4,969.3% in the second quarter. National Bank of Canada FI now owns 511,950 shares of the healthcare provider worth $51,636,000 after acquiring an additional 501,851 shares last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Universal Health Services by 2.3% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 28,345 shares of the healthcare provider worth $2,855,000 after acquiring 635 additional shares in the last quarter. 89.41% of the shares are held by hedge funds and other institutional investors.

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.

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