Zions Bancorporation National Association UT Takes $30,000 Position in Universal Health Services, Inc. (NYSE:UHS)

Zions Bancorporation National Association UT bought a new stake in Universal Health Services, Inc. (NYSE:UHS) in the first quarter, HoldingsChannel reports. The fund bought 159 shares of the health services provider’s stock, valued at approximately $30,000.

A number of other large investors have also modified their holdings of UHS. Envestnet Asset Management Inc. grew its stake in shares of Universal Health Services by 71.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 66,995 shares of the health services provider’s stock valued at $12,020,000 after buying an additional 27,819 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Universal Health Services in the fourth quarter valued at about $29,301,000. Townsquare Capital LLC grew its stake in shares of Universal Health Services by 22.3% in the fourth quarter. Townsquare Capital LLC now owns 2,279 shares of the health services provider’s stock valued at $409,000 after buying an additional 416 shares in the last quarter. Barclays PLC grew its stake in shares of Universal Health Services by 10.6% in the fourth quarter. Barclays PLC now owns 208,778 shares of the health services provider’s stock valued at $37,457,000 after buying an additional 20,013 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Universal Health Services by 60.4% in the fourth quarter. Mariner LLC now owns 5,540 shares of the health services provider’s stock valued at $994,000 after buying an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analysts Set New Price Targets

UHS has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Universal Health Services from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Wall Street Zen lowered Universal Health Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Bank of America lowered Universal Health Services from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $215.00 to $185.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada lowered their price objective on Universal Health Services from $211.00 to $201.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 30th. Finally, Stephens upgraded Universal Health Services to a “hold” rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $216.54.

Universal Health Services Price Performance

Shares of UHS opened at $178.41 on Thursday. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.72 and a beta of 1.24. The stock has a 50 day moving average of $173.85 and a 200-day moving average of $178.99. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. Universal Health Services, Inc. has a 52 week low of $152.33 and a 52 week high of $243.25.

Universal Health Services (NYSE:UHS) last issued its earnings results on Monday, July 28th. The health services provider reported $5.35 EPS for the quarter, topping the consensus estimate of $4.85 by $0.50. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.24 billion. Universal Health Services had a return on equity of 18.25% and a net margin of 7.66%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.31 EPS. As a group, analysts forecast that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 0.4%. Universal Health Services’s dividend payout ratio (DPR) is 4.21%.

About Universal Health Services

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.