Hsbc Holdings PLC Sells 15,461 Shares of Universal Health Services, Inc. $UHS

Hsbc Holdings PLC cut its holdings in Universal Health Services, Inc. (NYSE:UHS) by 12.9% in the first quarter, HoldingsChannel reports. The firm owned 104,100 shares of the health services provider’s stock after selling 15,461 shares during the quarter. Hsbc Holdings PLC’s holdings in Universal Health Services were worth $18,694,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in Universal Health Services during the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. purchased a new position in shares of Universal Health Services in the 4th quarter worth $26,000. Founders Capital Management purchased a new position in shares of Universal Health Services in the 4th quarter worth $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Universal Health Services in the 2nd quarter worth about $29,000. Finally, Larson Financial Group LLC increased its holdings in shares of Universal Health Services by 302.9% in the 4th quarter. Larson Financial Group LLC now owns 141 shares of the health services provider’s stock worth $31,000 after buying an additional 106 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UHS. JPMorgan Chase & Co. lowered their price target on shares of Universal Health Services from $235.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Mizuho dropped their price objective on shares of Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Universal Health Services from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Finally, UBS Group restated a “buy” rating on shares of Universal Health Services in a report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $213.73.

Universal Health Services Stock Performance

Shares of Universal Health Services stock opened at $150.00 on Wednesday. The stock’s fifty day moving average is $151.65 and its two-hundred day moving average is $180.98. The company has a market capitalization of $9.08 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. Universal Health Services, Inc. has a 52 week low of $140.08 and a 52 week high of $246.32.

Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $0.21. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $4.84 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts expect that Universal Health Services, Inc. will post 23.44 earnings per share for the current year.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued 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 is presently 3.33%.

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.