Wellington Management Group LLP cut its holdings in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 23.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,161 shares of the health services provider’s stock after selling 8,453 shares during the quarter. Wellington Management Group LLP’s holdings in Universal Health Services were worth $4,039,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of UHS. Corient Private Wealth LLC raised its position in Universal Health Services by 51.4% during the fourth quarter. Corient Private Wealth LLC now owns 54,975 shares of the health services provider’s stock valued at $11,988,000 after acquiring an additional 18,652 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Universal Health Services by 79.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 47,576 shares of the health services provider’s stock worth $8,515,000 after purchasing an additional 21,122 shares in the last quarter. Hsbc Holdings PLC boosted 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 purchasing an additional 29,717 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Universal Health Services by 58.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,961 shares of the health services provider’s stock worth $2,857,000 after purchasing an additional 5,870 shares during the period. Finally, WINTON GROUP Ltd grew its stake in shares of Universal Health Services by 1,172.0% during the 4th quarter. WINTON GROUP Ltd now owns 30,440 shares of the health services provider’s stock worth $6,637,000 after purchasing an additional 28,047 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.
Universal Health Services Stock Performance
Shares of Universal Health Services stock opened at $175.81 on Thursday. The business’s 50 day moving average price is $165.01 and its 200 day moving average price is $170.01. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.93 and a beta of 1.06. 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, Inc. has a one year low of $140.08 and a one year high of $246.32.
Universal Health Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. Universal Health Services’s dividend payout ratio is 3.26%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on UHS shares. Robert W. Baird decreased their price objective on shares of Universal Health Services from $204.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. UBS Group restated a “buy” rating on shares of Universal Health Services in a research report on Monday, August 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $183.00 price target on shares of Universal Health Services in a research note on Thursday, August 20th. Barclays reduced their price target on Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Finally, Guggenheim lowered their price target on Universal Health Services from $195.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.93.
Check Out Our Latest Stock Report on Universal Health Services
Universal Health Services Profile
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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