TD Asset Management Inc Has $6.38 Million Position in Universal Health Services, Inc. (NYSE:UHS)

TD Asset Management Inc lowered its holdings in Universal Health Services, Inc. (NYSE:UHS) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,934 shares of the health services provider’s stock after selling 2,719 shares during the quarter. TD Asset Management Inc’s holdings in Universal Health Services were worth $6,376,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sentry Investment Management LLC purchased a new position in Universal Health Services during the 1st quarter worth $35,000. UMB Bank n.a. boosted its holdings in Universal Health Services by 49.3% during the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Huntington National Bank boosted its holdings in Universal Health Services by 55.6% during the 4th quarter. Huntington National Bank now owns 280 shares of the health services provider’s stock worth $50,000 after acquiring an additional 100 shares during the last quarter. CX Institutional purchased a new position in Universal Health Services during the 1st quarter worth $74,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Universal Health Services during the 4th quarter worth $96,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Transactions at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,097 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the sale, the director directly owned 7,884 shares in the company, valued at approximately $1,509,628.32. The trade was a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Guggenheim assumed coverage on shares of Universal Health Services in a report on Wednesday, April 9th. They set a “buy” rating and a $208.00 price objective on the stock. UBS Group set a $227.00 price objective on shares of Universal Health Services in a report on Wednesday. Barclays lifted their price objective on shares of Universal Health Services from $257.00 to $259.00 and gave the stock an “overweight” rating in a report on Wednesday. Baird R W downgraded shares of Universal Health Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Universal Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $218.92.

Universal Health Services Price Performance

Shares of NYSE:UHS opened at $162.98 on Friday. Universal Health Services, Inc. has a fifty-two week low of $152.33 and a fifty-two week high of $243.25. The company’s 50-day moving average is $176.95 and its 200 day moving average is $179.87. The company has a market capitalization of $10.59 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.23 and a current ratio of 1.29.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Monday, July 28th. The health services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.85 by $0.50. Universal Health Services had a return on equity of 18.22% and a net margin of 7.66%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the business posted $4.31 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that Universal Health Services, Inc. will post 15.92 earnings per share for the current year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 2nd. Universal Health Services’s payout ratio is currently 4.21%.

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.