Nordea Investment Management AB lowered its position in Universal Health Services, Inc. (NYSE:UHS) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,069,670 shares of the health services provider’s stock after selling 10,065 shares during the period. Nordea Investment Management AB’s holdings in Universal Health Services were worth $143,091,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sectoral Asset Management Inc grew its position in Universal Health Services by 3.0% in the fourth quarter. Sectoral Asset Management Inc now owns 2,896 shares of the health services provider’s stock worth $338,000 after acquiring an additional 85 shares in the last quarter. Bessemer Group Inc. boosted its position in Universal Health Services by 40.0% during the fourth quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock valued at $43,000 after buying an additional 104 shares during the period. Avalon Advisors LLC boosted its position in Universal Health Services by 0.4% during the first quarter. Avalon Advisors LLC now owns 28,533 shares of the health services provider’s stock valued at $3,817,000 after buying an additional 113 shares during the period. Strs Ohio boosted its position in Universal Health Services by 0.9% during the first quarter. Strs Ohio now owns 19,683 shares of the health services provider’s stock valued at $2,632,000 after buying an additional 170 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Universal Health Services by 0.9% during the first quarter. Gulf International Bank UK Ltd now owns 21,806 shares of the health services provider’s stock valued at $2,916,000 after buying an additional 194 shares during the period. 86.89% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Citigroup upped their price target on shares of Universal Health Services from $140.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Barclays dropped their target price on shares of Universal Health Services from $136.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. lowered shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 target price for the company. in a report on Monday, March 4th. They noted that the move was a valuation call. Robert W. Baird increased their target price on shares of Universal Health Services from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. Finally, UBS Group reiterated a “buy” rating and set a $151.00 target price on shares of Universal Health Services in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $143.53.
Shares of UHS stock opened at $122.75 on Monday. Universal Health Services, Inc. has a 12-month low of $109.37 and a 12-month high of $142.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.18. The company has a market capitalization of $11.06 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.31 and a beta of 1.03.
Universal Health Services (NYSE:UHS) last issued its earnings results on Thursday, April 25th. The health services provider reported $2.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.62 by ($0.17). Universal Health Services had a return on equity of 16.21% and a net margin of 7.26%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the business posted $2.45 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Universal Health Services, Inc. will post 9.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, May 31st. Universal Health Services’s dividend payout ratio is currently 4.20%.
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Universal Health Services Company Profile
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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