Universal Health Services, Inc. (NYSE:UHS – Get Free Report) reached a new 52-week low on Monday . The company traded as low as $140.41 and last traded at $140.2850, with a volume of 427206 shares traded. The stock had previously closed at $145.17.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on UHS shares. UBS Group reissued a “buy” rating on shares of Universal Health Services in a research note on Friday, May 29th. Wall Street Zen lowered Universal Health Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Raymond James Financial cut shares of Universal Health Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Mizuho decreased their price target on shares of Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Guggenheim decreased their price target on shares of Universal Health Services from $238.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $218.63.
Check Out Our Latest Research Report on Universal Health Services
Universal Health Services Price Performance
Universal Health Services (NYSE:UHS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 EPS for the quarter, beating the consensus estimate of $5.41 by $0.21. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the company posted $4.84 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, sell-side analysts predict that Universal Health Services, Inc. will post 23.47 earnings per share for the current fiscal year.
Universal Health Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 8th. Universal Health Services’s dividend payout ratio (DPR) is presently 3.33%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC increased its holdings in shares of Universal Health Services by 31.5% in the 4th quarter. Pzena Investment Management LLC now owns 2,112,604 shares of the health services provider’s stock valued at $460,590,000 after acquiring an additional 505,575 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Universal Health Services by 12.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,781,262 shares of the health services provider’s stock valued at $318,812,000 after acquiring an additional 192,351 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Universal Health Services by 1.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,226,577 shares of the health services provider’s stock valued at $219,520,000 after acquiring an additional 20,577 shares during the last quarter. Norges Bank purchased a new stake in shares of Universal Health Services during the 4th quarter worth approximately $199,334,000. Finally, Morgan Stanley lifted its position in shares of Universal Health Services by 59.5% during the 4th quarter. Morgan Stanley now owns 871,377 shares of the health services provider’s stock worth $189,978,000 after buying an additional 325,162 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.
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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