Gateway Investment Advisers LLC cut its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 35.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,143 shares of the health services provider’s stock after selling 44,898 shares during the quarter. Gateway Investment Advisers LLC owned about 0.08% of Universal Health Services worth $9,084,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Universal Health Services during the third quarter worth $205,000. Advisor Group Inc. increased its position in shares of Universal Health Services by 198.0% during the second quarter. Advisor Group Inc. now owns 1,812 shares of the health services provider’s stock worth $220,000 after buying an additional 1,204 shares during the period. Zeke Capital Advisors LLC acquired a new stake in shares of Universal Health Services during the third quarter worth $228,000. Veritable L.P. increased its position in shares of Universal Health Services by 16.6% during the second quarter. Veritable L.P. now owns 1,925 shares of the health services provider’s stock worth $235,000 after buying an additional 274 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Universal Health Services during the third quarter worth $303,000. Institutional investors own 86.07% of the company’s stock.
Several research analysts recently issued reports on the stock. Piper Jaffray Companies lowered shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 target price on the stock. in a research note on Wednesday, January 3rd. Goldman Sachs Group assumed coverage on shares of Universal Health Services in a research note on Wednesday, January 3rd. They set a “buy” rating and a $137.00 target price on the stock. Zacks Investment Research raised shares of Universal Health Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Credit Suisse Group reissued an “outperform” rating and set a $135.00 target price (up from $125.00) on shares of Universal Health Services in a research note on Tuesday, December 19th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $134.00 target price on shares of Universal Health Services in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $130.50.
Universal Health Services, Inc. (NYSE:UHS) opened at $118.09 on Friday. Universal Health Services, Inc. has a 12 month low of $95.26 and a 12 month high of $129.74. The firm has a market cap of $11,210.00, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.45 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.80.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.27). Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $1.60 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts anticipate that Universal Health Services, Inc. will post 7.36 EPS for the current fiscal year.
Universal Health Services declared that its board has authorized a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the health services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, February 28th. Universal Health Services’s dividend payout ratio (DPR) is 5.50%.
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About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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