PNC Financial Services Group Inc. grew its position in Universal Health Services, Inc. (NYSE:UHS – Free Report) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,757 shares of the health services provider’s stock after purchasing an additional 757 shares during the period. PNC Financial Services Group Inc.’s holdings in Universal Health Services were worth $1,981,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of UHS. Deutsche Bank AG lifted its position in Universal Health Services by 8.5% during the 3rd quarter. Deutsche Bank AG now owns 169,389 shares of the health services provider’s stock worth $21,297,000 after buying an additional 13,315 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Universal Health Services by 13.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,494 shares of the health services provider’s stock worth $1,571,000 after buying an additional 1,519 shares in the last quarter. UBS Group AG lifted its position in Universal Health Services by 51.2% during the 3rd quarter. UBS Group AG now owns 62,949 shares of the health services provider’s stock worth $7,915,000 after buying an additional 21,325 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Universal Health Services by 23.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 27,100 shares of the health services provider’s stock worth $3,407,000 after buying an additional 5,200 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new stake in Universal Health Services during the 3rd quarter worth about $295,000. 85.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on UHS shares. JPMorgan Chase & Co. cut 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 raised shares of Universal Health Services from a “sell” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Monday, December 11th. Wells Fargo & Company raised shares of Universal Health Services from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $144.00 to $177.00 in a research report on Tuesday, January 2nd. Finally, StockNews.com raised shares of 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 assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.
Check Out Our Latest Analysis on UHS
Universal Health Services Price Performance
Shares of NYSE UHS opened at $164.49 on Friday. The firm has a market cap of $11.23 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.79. Universal Health Services, Inc. has a 1-year low of $113.69 and a 1-year high of $165.86. The business’s 50 day moving average is $157.13 and its 200-day moving average is $139.97.
Universal Health Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Universal Health Services’s dividend payout ratio (DPR) is currently 8.39%.
Universal Health Services Company Profile
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: defenseworld.net
