California Public Employees Retirement System Acquires 42,211 Shares of Universal Health Services, Inc. (UHS)

California Public Employees Retirement System raised its holdings in Universal Health Services, Inc. (NYSE:UHS) by 18.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 267,686 shares of the health services provider’s stock after acquiring an additional 42,211 shares during the period. California Public Employees Retirement System’s holdings in Universal Health Services were worth $30,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas acquired a new position in Universal Health Services in the 4th quarter valued at approximately $2,716,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Universal Health Services by 5.8% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,754 shares of the health services provider’s stock valued at $1,560,000 after acquiring an additional 759 shares during the period. Dean Investment Associates LLC increased its position in Universal Health Services by 17.1% in the 4th quarter. Dean Investment Associates LLC now owns 6,702 shares of the health services provider’s stock valued at $760,000 after acquiring an additional 981 shares during the period. American Century Companies Inc. increased its position in Universal Health Services by 700.7% in the 4th quarter. American Century Companies Inc. now owns 135,560 shares of the health services provider’s stock valued at $15,366,000 after acquiring an additional 118,630 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in Universal Health Services by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 16,590 shares of the health services provider’s stock valued at $1,880,000 after acquiring an additional 516 shares during the period. Hedge funds and other institutional investors own 86.04% of the company’s stock.

Several equities research analysts have recently weighed in on UHS shares. Royal Bank of Canada reiterated a “buy” rating and set a $126.00 price objective on shares of Universal Health Services in a research report on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $117.00 price objective on shares of Universal Health Services in a research report on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and set a $122.00 price objective on shares of Universal Health Services in a research report on Friday, October 27th. Citigroup upgraded shares of Universal Health Services from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Goldman Sachs Group started coverage on shares of Universal Health Services in a research report on Wednesday, January 3rd. They set a “buy” rating and a $137.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Universal Health Services currently has an average rating of “Buy” and a consensus target price of $131.20.

Universal Health Services, Inc. (UHS) opened at $117.90 on Friday. The stock has a market cap of $11,246.72, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.33 and a beta of 0.88. Universal Health Services, Inc. has a 12 month low of $95.26 and a 12 month high of $129.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date is Wednesday, February 28th. Universal Health Services’s dividend payout ratio is presently 5.49%.

Universal Health Services declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 15th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the health services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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Universal Health Services Profile

Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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