Boston Advisors LLC decreased its position in Universal Health Services Inc. (NYSE:UHS) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 34,354 shares of the company’s stock after selling 1,501 shares during the period. Boston Advisors LLC’s holdings in Universal Health Services were worth $4,607,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Findlay Park Partners LLP increased its stake in Universal Health Services by 58.7% in the first quarter. Findlay Park Partners LLP now owns 1,360,447 shares of the company’s stock worth $169,675,000 after buying an additional 503,247 shares in the last quarter. Acadian Asset Management LLC increased its stake in Universal Health Services by 8,716.0% in the second quarter. Acadian Asset Management LLC now owns 272,590 shares of the company’s stock worth $36,556,000 after buying an additional 269,498 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Universal Health Services by 12.3% in the first quarter. JPMorgan Chase & Co. now owns 1,528,771 shares of the company’s stock worth $190,667,000 after buying an additional 167,430 shares in the last quarter. Bank of Montreal Can acquired a new stake in Universal Health Services during the second quarter worth $11,460,000. Finally, Royal Bank of Canada increased its stake in Universal Health Services by 138.5% in the first quarter. Royal Bank of Canada now owns 98,983 shares of the company’s stock worth $12,345,000 after buying an additional 57,481 shares in the last quarter. 85.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Universal Health Services Inc. (NYSE:UHS) traded down 0.63% during mid-day trading on Thursday, hitting $122.18. The stock had a trading volume of 770,412 shares. Universal Health Services Inc. has a 1-year low of $100.82 and a 1-year high of $139.77. The firm has a market capitalization of $11.90 billion, a PE ratio of 17.39 and a beta of 1.33. The stock’s 50-day moving average is $121.93 and its 200-day moving average is $128.29.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.94 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.94. Universal Health Services had a return on equity of 16.56% and a net margin of 7.43%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts expect that Universal Health Services Inc. will post $7.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Tuesday, August 30th. Universal Health Services’s payout ratio is 5.68%.
A number of research firms have weighed in on UHS. Zacks Investment Research downgraded shares of Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group AG restated a “hold” rating and issued a $130.00 target price on shares of Universal Health Services in a research note on Tuesday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Universal Health Services from $138.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Leerink Swann restated a “buy” rating and issued a $150.00 target price on shares of Universal Health Services in a research note on Friday, July 29th. Finally, Barclays PLC reduced their target price on shares of Universal Health Services from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $142.71.
Universal Health Services Company Profile
Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.
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