Standard Life Aberdeen plc raised its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 150,447 shares of the health services provider’s stock after purchasing an additional 2,585 shares during the quarter. Standard Life Aberdeen plc’s holdings in Universal Health Services were worth $19,234,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. AMP Capital Investors Ltd lifted its position in shares of Universal Health Services by 10.5% in the 3rd quarter. AMP Capital Investors Ltd now owns 27,788 shares of the health services provider’s stock worth $3,510,000 after purchasing an additional 2,636 shares during the period. Tavio Capital LLC purchased a new position in Universal Health Services during the 3rd quarter valued at about $5,533,000. Sivik Global Healthcare LLC purchased a new position in Universal Health Services during the 3rd quarter valued at about $7,031,000. Dimensional Fund Advisors LP lifted its position in Universal Health Services by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,250,801 shares of the health services provider’s stock valued at $159,886,000 after acquiring an additional 13,564 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in Universal Health Services by 76.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 32,129 shares of the health services provider’s stock valued at $4,107,000 after acquiring an additional 13,906 shares during the period. 89.50% of the stock is owned by institutional investors and hedge funds.
UHS has been the subject of a number of recent research reports. Bank of America raised shares of Universal Health Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $128.00 to $155.00 in a research report on Tuesday, September 18th. Morgan Stanley lowered their price target on shares of Universal Health Services from $134.00 to $130.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Zacks Investment Research cut shares of Universal Health Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. UBS Group initiated coverage on shares of Universal Health Services in a research report on Thursday, November 15th. They set a “buy” rating and a $156.00 price target for the company. Finally, Citigroup lowered their price target on shares of Universal Health Services from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Universal Health Services currently has a consensus rating of “Buy” and an average price target of $137.47.
NYSE:UHS opened at $134.59 on Thursday. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.35 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.01. Universal Health Services, Inc. has a fifty-two week low of $104.04 and a fifty-two week high of $139.63.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Thursday, October 25th. The health services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. Universal Health Services had a net margin of 7.89% and a return on equity of 16.33%. Equities research analysts expect that Universal Health Services, Inc. will post 9.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. Universal Health Services’s dividend payout ratio is currently 5.31%.
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About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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