PNC Financial Services Group Inc. lowered its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 31.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 10,777 shares of the health services provider’s stock after selling 4,980 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Universal Health Services were worth $1,643,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UHS. GAMMA Investing LLC acquired a new stake in Universal Health Services during the 4th quarter worth about $42,000. Tompkins Financial Corp acquired a new stake in Universal Health Services during the 4th quarter worth about $96,000. Van ECK Associates Corp lifted its position in Universal Health Services by 9.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock worth $126,000 after acquiring an additional 88 shares during the period. V Square Quantitative Management LLC acquired a new stake in Universal Health Services during the 3rd quarter worth about $175,000. Finally, NBC Securities Inc. acquired a new stake in Universal Health Services during the 3rd quarter worth about $185,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on UHS shares. JPMorgan Chase & Co. lifted their price target on Universal Health Services from $144.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Wells Fargo & Company boosted their price objective on Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Cantor Fitzgerald reissued an “underweight” rating and issued a $156.00 price objective on shares of Universal Health Services in a report on Wednesday, April 10th. Royal Bank of Canada boosted their price objective on Universal Health Services from $183.00 to $189.00 and gave the company a “sector perform” rating in a report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Universal Health Services from $208.00 to $203.00 and set a “buy” rating for the company in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.64.
View Our Latest Analysis on Universal Health Services
Insider Activity
In other news, CFO Steve Filton sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $176.82, for a total value of $6,188,700.00. Following the completion of the sale, the chief financial officer now directly owns 68,785 shares in the company, valued at $12,162,563.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.10% of the company’s stock.
Universal Health Services Price Performance
NYSE:UHS opened at $176.37 on Tuesday. Universal Health Services, Inc. has a 12 month low of $119.90 and a 12 month high of $183.61. The stock has a 50 day moving average of $172.76 and a two-hundred day moving average of $160.93. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.80 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.
Universal Health Services (NYSE:UHS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, topping the consensus estimate of $3.14 by $0.56. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the business earned $2.34 EPS. Universal Health Services’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts expect that Universal Health Services, Inc. will post 13.64 earnings per share for the current fiscal year.
Universal Health Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. Universal Health Services’s dividend payout ratio (DPR) is presently 6.78%.
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. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company’s 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
