Conning Inc. lowered its stake in shares of Universal Health Services Inc. (NYSE:UHS) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 1,890 shares of the company’s stock after selling 100 shares during the period. Conning Inc.’s holdings in Universal Health Services were worth $253,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of UHS. Aviva PLC increased its position in Universal Health Services by 4.6% in the first quarter. Aviva PLC now owns 46,919 shares of the company’s stock valued at $5,852,000 after buying an additional 2,065 shares during the last quarter. ING Groep NV acquired a new stake in shares of Universal Health Services during the first quarter worth approximately $255,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Universal Health Services during the first quarter worth approximately $4,311,000. Bessemer Group Inc. boosted its stake in shares of Universal Health Services by 4.0% in the first quarter. Bessemer Group Inc. now owns 695,070 shares of the company’s stock worth $86,689,000 after buying an additional 26,737 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Universal Health Services by 5.2% in the first quarter. TimesSquare Capital Management LLC now owns 763,400 shares of the company’s stock worth $95,211,000 after buying an additional 37,800 shares during the period. 85.09% of the stock is currently owned by institutional investors and hedge funds.
Universal Health Services Inc. (NYSE:UHS) traded down 0.68% on Wednesday, hitting $120.08. 800,697 shares of the stock traded hands. Universal Health Services Inc. has a 12-month low of $100.82 and a 12-month high of $139.77. The firm’s 50-day moving average price is $121.44 and its 200-day moving average price is $128.59. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 17.10 and a beta of 1.20.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.94 EPS for the quarter, hitting the consensus estimate of $1.94. Universal Health Services had a net margin of 7.43% and a return on equity of 16.56%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Health Services Inc. will post $7.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. Universal Health Services’s dividend payout ratio is presently 5.68%.
A number of brokerages have recently commented on UHS. Barclays PLC reduced their target price on shares of Universal Health Services from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of Universal Health Services from a “sell” rating to a “hold” rating in a research report on Tuesday. Ladenburg Thalmann upgraded shares of Universal Health Services from a “not rated” rating to an “outperform” rating in a research report on Monday, June 13th. Credit Suisse Group AG reiterated a “hold” rating and issued a $140.00 target price on shares of Universal Health Services in a research report on Wednesday, June 29th. Finally, Leerink Swann reiterated a “buy” rating and issued a $150.00 target price on shares of Universal Health Services in a research report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $143.25.
About Universal Health Services
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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