Mufg Securities Americas Inc. purchased a new position in Universal Health Services, Inc. (NYSE:UHS – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 867 shares of the health services provider’s stock, valued at approximately $156,000.
A number of other institutional investors and hedge funds have also modified their holdings of UHS. Barclays PLC grew its holdings in shares of Universal Health Services by 13.4% in the 3rd quarter. Barclays PLC now owns 188,765 shares of the health services provider’s stock worth $43,227,000 after acquiring an additional 22,369 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Universal Health Services by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock worth $274,248,000 after acquiring an additional 10,578 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Universal Health Services by 63.7% in the 4th quarter. Park Avenue Securities LLC now owns 2,884 shares of the health services provider’s stock worth $517,000 after acquiring an additional 1,122 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Universal Health Services by 43.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 40,303 shares of the health services provider’s stock worth $7,231,000 after acquiring an additional 12,163 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in shares of Universal Health Services in the 4th quarter worth approximately $225,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
Universal Health Services Price Performance
UHS stock opened at $198.10 on Friday. Universal Health Services, Inc. has a 52-week low of $153.99 and a 52-week high of $243.25. The stock’s fifty day simple moving average is $178.70 and its 200-day simple moving average is $185.36. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.53 and a beta of 1.29.
Universal Health Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, June 2nd. Universal Health Services’s dividend payout ratio (DPR) is 4.49%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Stephens upped their price target on Universal Health Services from $210.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Guggenheim initiated coverage on Universal Health Services in a report on Wednesday, April 9th. They issued a “buy” rating and a $208.00 price target on the stock. Robert W. Baird reiterated a “neutral” rating and set a $224.00 target price (down previously from $274.00) on shares of Universal Health Services in a report on Tuesday, April 15th. Morgan Stanley initiated coverage on Universal Health Services in a report on Wednesday, March 26th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on Universal Health Services from $211.00 to $201.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Universal Health Services has an average rating of “Hold” and a consensus target price of $224.77.
View Our Latest Stock Analysis on UHS
Insider Transactions at Universal Health Services
In related news, Director Maria Ruderman Singer sold 1,097 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the transaction, the director now directly owns 7,884 shares of the company’s stock, valued at approximately $1,509,628.32. This trade represents a 12.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.40% of the company’s stock.
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.
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