Pictet Asset Management Ltd. Has $5.12 Million Holdings in Universal Health Services, Inc. (NYSE:UHS)

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Pictet Asset Management Ltd. cut its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,294 shares of the health services provider’s stock after selling 500 shares during the period. Pictet Asset Management Ltd.’s holdings in Universal Health Services were worth $5,124,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. LSV Asset Management raised its position in shares of Universal Health Services by 325.2% in the first quarter. LSV Asset Management now owns 983,208 shares of the health services provider’s stock valued at $131,523,000 after buying an additional 751,959 shares in the last quarter. Marshall Wace North America L.P. raised its position in shares of Universal Health Services by 167.1% in the first quarter. Marshall Wace North America L.P. now owns 742,994 shares of the health services provider’s stock valued at $99,390,000 after buying an additional 464,789 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Universal Health Services by 1,499.0% in the second quarter. BNP Paribas Arbitrage SA now owns 193,308 shares of the health services provider’s stock valued at $25,205,000 after buying an additional 181,219 shares in the last quarter. Nuance Investments LLC raised its position in shares of Universal Health Services by 167.5% in the second quarter. Nuance Investments LLC now owns 288,539 shares of the health services provider’s stock valued at $37,623,000 after buying an additional 180,661 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Universal Health Services by 437.3% in the first quarter. Marshall Wace LLP now owns 214,490 shares of the health services provider’s stock valued at $28,692,000 after buying an additional 174,569 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

UHS has been the subject of a number of analyst reports. Barclays set a $145.00 price target on shares of Universal Health Services and gave the company a “hold” rating in a research report on Friday, July 26th. UBS Group reiterated a “buy” rating and issued a $151.00 price target on shares of Universal Health Services in a research report on Friday, June 7th. Credit Suisse Group lifted their price target on shares of Universal Health Services from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Zacks Investment Research upgraded shares of Universal Health Services from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Monday, September 2nd. Finally, Morgan Stanley lifted their price target on shares of Universal Health Services from $135.00 to $146.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $149.53.

In other Universal Health Services news, Director Robert H. Hotz sold 7,309 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $148.01, for a total transaction of $1,081,805.09. Following the completion of the transaction, the director now directly owns 67,715 shares in the company, valued at $10,022,497.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marvin G. Pember sold 16,693 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $149.54, for a total transaction of $2,496,271.22. Following the transaction, the executive vice president now owns 83,379 shares of the company’s stock, valued at $12,468,495.66. The disclosure for this sale can be found here. 12.60% of the stock is owned by insiders.

UHS traded down $2.87 during trading on Tuesday, hitting $151.02. 221,871 shares of the stock traded hands, compared to its average volume of 622,355. Universal Health Services, Inc. has a twelve month low of $112.79 and a twelve month high of $157.79. The company has a market cap of $13.50 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.27 and a quick ratio of 1.17. The business has a 50 day moving average price of $147.34 and a 200 day moving average price of $133.64.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Thursday, July 25th. The health services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. Universal Health Services had a net margin of 7.25% and a return on equity of 16.41%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the business earned $2.47 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Universal Health Services, Inc. will post 10.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.20 per share. This is an increase from Universal Health Services’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, August 30th. Universal Health Services’s payout ratio is currently 8.39%.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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