Citigroup Inc. trimmed its stake in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 43.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,504 shares of the health services provider’s stock after selling 16,370 shares during the period. Citigroup Inc.’s holdings in Universal Health Services were worth $2,704,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Universal Health Services by 1.9% during the first quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock valued at $1,138,729,000 after purchasing an additional 146,820 shares in the last quarter. BlackRock Inc. increased its stake in Universal Health Services by 2.3% in the 1st quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock worth $728,594,000 after acquiring an additional 113,259 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Universal Health Services by 48.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,967,220 shares of the health services provider’s stock worth $247,339,000 after acquiring an additional 638,166 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Universal Health Services by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,604,572 shares of the health services provider’s stock worth $253,150,000 after acquiring an additional 17,933 shares in the last quarter. Finally, Nuance Investments LLC boosted its position in shares of Universal Health Services by 0.4% during the 3rd quarter. Nuance Investments LLC now owns 1,463,921 shares of the health services provider’s stock valued at $184,059,000 after acquiring an additional 6,400 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.
Universal Health Services Stock Performance
UHS stock opened at $164.49 on Friday. Universal Health Services, Inc. has a twelve month low of $113.69 and a twelve month high of $165.86. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.40 and a beta of 1.24. The business’s fifty day simple moving average is $157.13 and its two-hundred day simple moving average is $139.97. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.79.
Universal Health Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Universal Health Services’s payout ratio is 8.39%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Universal Health Services from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, November 17th. The Goldman Sachs Group upgraded shares of Universal Health Services from a “sell” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday, December 11th. Wells Fargo & Company upgraded Universal Health Services from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $144.00 to $177.00 in a research report on Tuesday, January 2nd. Finally, StockNews.com upgraded Universal Health Services from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.
Read Our Latest Research Report on Universal Health Services
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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Source: americanbankingnews.com
