Cetera Investment Advisers trimmed its stake in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,509 shares of the health services provider’s stock after selling 3,001 shares during the quarter. Cetera Investment Advisers’ holdings in Universal Health Services were worth $3,670,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Universal Health Services in the fourth quarter valued at about $199,334,000. Pzena Investment Management LLC boosted its holdings in shares of Universal Health Services by 31.5% during the 4th quarter. Pzena Investment Management LLC now owns 2,112,604 shares of the health services provider’s stock worth $460,590,000 after buying an additional 505,575 shares during the period. Nomura Holdings Inc. boosted its holdings in shares of Universal Health Services by 100.6% during the 2nd quarter. Nomura Holdings Inc. now owns 2,560 shares of the health services provider’s stock worth $464,000 after buying an additional 426,211 shares during the period. Morgan Stanley grew its stake in Universal Health Services by 59.5% in the 4th quarter. Morgan Stanley now owns 871,377 shares of the health services provider’s stock valued at $189,978,000 after buying an additional 325,162 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 buying an additional 192,351 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.
Universal Health Services Stock Performance
Shares of NYSE:UHS opened at $171.74 on Thursday. Universal Health Services, Inc. has a 12-month low of $140.08 and a 12-month high of $246.32. The company’s 50 day moving average price is $151.51 and its two-hundred day moving average price is $177.26. The firm has a market cap of $10.40 billion, a PE ratio of 7.00, a PEG ratio of 0.92 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.
Universal Health Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Universal Health Services’s dividend payout ratio (DPR) is presently 3.26%.
Wall Street Analysts Forecast Growth
UHS has been the subject of several research reports. Cantor Fitzgerald restated a “neutral” rating and set a $194.00 price objective on shares of Universal Health Services in a research report on Tuesday, July 28th. Morgan Stanley decreased their target price on Universal Health Services from $212.00 to $191.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Universal Health Services from $261.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. TD Cowen dropped their price target on Universal Health Services from $230.00 to $197.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, Royal Bank Of Canada reduced their price target on Universal Health Services from $190.00 to $183.00 and set a “sector perform” rating for the company in a research note on Monday. 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, Universal Health Services currently has an average rating of “Hold” and an average target price of $204.93.
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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