Corient Private Wealth LLC lifted its position in Universal Health Services, Inc. (NYSE:UHS – Free Report) by 51.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,975 shares of the health services provider’s stock after purchasing an additional 18,652 shares during the quarter. Corient Private Wealth LLC’s holdings in Universal Health Services were worth $11,988,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of UHS. Hsbc Holdings PLC lifted its position in Universal Health Services by 33.1% in the 4th quarter. Hsbc Holdings PLC now owns 119,561 shares of the health services provider’s stock worth $26,136,000 after buying an additional 29,717 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Universal Health Services during the fourth quarter valued at approximately $106,000. DGS Capital Management LLC grew its position in Universal Health Services by 13.6% during the fourth quarter. DGS Capital Management LLC now owns 11,009 shares of the health services provider’s stock valued at $2,400,000 after acquiring an additional 1,314 shares during the last quarter. SG Trading Solutions LLC purchased a new position in shares of Universal Health Services during the fourth quarter worth approximately $227,000. Finally, Kera Capital Partners Inc. raised its stake in shares of Universal Health Services by 112.8% during the fourth quarter. Kera Capital Partners Inc. now owns 4,116 shares of the health services provider’s stock worth $828,000 after acquiring an additional 2,182 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
UHS has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Universal Health Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Raymond James Financial lowered shares of Universal Health Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Wells Fargo & Company began coverage on shares of Universal Health Services in a research report on Monday, June 1st. They issued an “equal weight” rating and a $165.00 target price on the stock. UBS Group reissued a “buy” rating on shares of Universal Health Services in a research note on Friday, May 29th. Finally, Royal Bank Of Canada cut their price target on shares of Universal Health Services from $216.00 to $190.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $216.56.
Universal Health Services Price Performance
Shares of Universal Health Services stock opened at $145.93 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.01. Universal Health Services, Inc. has a one year low of $140.08 and a one year high of $246.32. The business’s 50 day simple moving average is $160.74 and its two-hundred day simple moving average is $191.37. The stock has a market capitalization of $8.83 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07.
Universal Health Services (NYSE:UHS – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $0.21. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.39 billion. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.84 earnings per share. Analysts forecast that Universal Health Services, Inc. will post 23.47 EPS for the current year.
Universal Health Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 8th. Universal Health Services’s dividend payout ratio is currently 3.33%.
About Universal Health Services
Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.
In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.
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