Rehmann Capital Advisory Group purchased a new position in shares of Universal Health Services, Inc. (NYSE:UHS – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,452 shares of the health services provider's stock, valued at approximately $355,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management grew its stake in shares of Universal Health Services by 131.1% in the 1st quarter. Spire Wealth Management now owns 208 shares of the health services provider's stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Universal Health Services by 50.6% in the 1st quarter. Parallel Advisors LLC now owns 244 shares of the health services provider's stock valued at $36,000 after purchasing an additional 82 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Universal Health Services in the 4th quarter valued at approximately $43,000. Ancora Advisors LLC grew its stake in shares of Universal Health Services by 33.3% in the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. Finally, Covestor Ltd purchased a new position in shares of Universal Health Services in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 88.93% of the company's stock.
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Analyst Upgrades and Downgrades
UHS has been the topic of a number of analyst reports. Stephens lifted their price target on Universal Health Services to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Universal Health Services from $160.00 to $130.00 in a research note on Wednesday, July 27th. Loop Capital initiated coverage on Universal Health Services in a research note on Thursday, June 16th. They issued a "hold" rating and a $115.00 price target on the stock. BMO Capital Markets downgraded Universal Health Services from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $133.00 to $90.00 in a research note on Wednesday, July 6th. Finally, The Goldman Sachs Group decreased their target price on Universal Health Services from $125.00 to $110.00 and set a "sell" rating on the stock in a research report on Tuesday, July 12th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Universal Health Services currently has an average rating of "Hold" and an average price target of $119.57.
Universal Health Services Stock Performance
Universal Health Services stock opened at $98.98 on Friday. The firm has a market capitalization of $7.22 billion, a P/E ratio of 10.08, a PEG ratio of 2.95 and a beta of 1.20. The stock has a fifty day moving average price of $105.33 and a 200 day moving average price of $121.15. Universal Health Services, Inc. has a 52 week low of $94.70 and a 52 week high of $158.28. The company has a current ratio of 1.22, a quick ratio of 1.12 and a debt-to-equity ratio of 0.78.
Universal Health Services (NYSE:UHS – Get Rating) last released its earnings results on Monday, July 25th. The health services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.10 by $0.10. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.27 billion. Universal Health Services had a return on equity of 12.88% and a net margin of 5.94%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.76 earnings per share. Equities research analysts anticipate that Universal Health Services, Inc. will post 9.94 earnings per share for the current year.
Universal Health Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.80 annualized dividend and a yield of 0.81%. Universal Health Services's payout ratio is currently 8.15%.
About Universal Health Services
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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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