Royal Bank of Canada lowered its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 29.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,859 shares of the health services provider’s stock after selling 34,827 shares during the period. Royal Bank of Canada’s holdings in Universal Health Services were worth $15,188,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in UHS. Blair William & Co. IL increased its stake in shares of Universal Health Services by 4.1% during the fourth quarter. Blair William & Co. IL now owns 1,390 shares of the health services provider’s stock worth $303,000 after buying an additional 55 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Universal Health Services by 3.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,794 shares of the health services provider’s stock worth $367,000 after acquiring an additional 58 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in Universal Health Services by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,859 shares of the health services provider’s stock worth $841,000 after acquiring an additional 60 shares in the last quarter. Triad Wealth Partners LLC grew its holdings in Universal Health Services by 3.4% during the 1st quarter. Triad Wealth Partners LLC now owns 1,858 shares of the health services provider’s stock worth $333,000 after acquiring an additional 61 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Universal Health Services by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 20,595 shares of the health services provider’s stock valued at $4,490,000 after purchasing an additional 65 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Universal Health Services from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their target price on shares of Universal Health Services from $235.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. The Goldman Sachs Group dropped their target price on Universal Health Services from $242.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company lifted their price target on Universal Health Services from $165.00 to $166.00 and gave the stock an “equal weight” rating in a report on Monday, July 13th. Finally, UBS Group set a $290.00 price objective on Universal Health Services in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $204.93.
Universal Health Services Price Performance
Shares of UHS opened at $173.43 on Friday. The firm has a 50-day simple moving average of $152.46 and a 200-day simple moving average of $177.03. Universal Health Services, Inc. has a fifty-two week low of $140.08 and a fifty-two week high of $246.32. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12.
Universal Health Services (NYSE:UHS – Get Free Report) last released its earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.94 by $0.04. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the company posted $5.35 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Health Services, Inc. will post 23.15 earnings per share for the current year.
Universal Health Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services’s payout ratio is presently 3.26%.
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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