Skandinaviska Enskilda Banken AB publ Sells 24,206 Shares of Universal Health Services, Inc. $UHS

Skandinaviska Enskilda Banken AB publ trimmed its position in Universal Health Services, Inc. (NYSE:UHS) by 45.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 28,720 shares of the health services provider’s stock after selling 24,206 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Universal Health Services were worth $5,872,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Universal Health Services by 11.1% in the 2nd quarter. Invesco Ltd. now owns 1,461,198 shares of the health services provider’s stock worth $264,696,000 after purchasing an additional 145,730 shares during the period. Massachusetts Financial Services Co. MA grew its position in Universal Health Services by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 926,669 shares of the health services provider’s stock valued at $167,866,000 after buying an additional 31,201 shares during the period. American Century Companies Inc. increased its holdings in Universal Health Services by 0.8% during the second quarter. American Century Companies Inc. now owns 639,524 shares of the health services provider’s stock valued at $115,850,000 after buying an additional 4,932 shares during the last quarter. Norges Bank bought a new position in Universal Health Services in the second quarter worth approximately $83,333,000. Finally, Amundi raised its position in Universal Health Services by 50.2% in the second quarter. Amundi now owns 403,237 shares of the health services provider’s stock worth $74,385,000 after acquiring an additional 134,757 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Performance

NYSE:UHS opened at $229.87 on Friday. The stock has a 50-day moving average price of $216.12 and a 200 day moving average price of $208.40. The stock has a market capitalization of $14.36 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.74 and a beta of 1.26. Universal Health Services, Inc. has a 12-month low of $152.33 and a 12-month high of $246.32. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.55.

Universal Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 2nd. Universal Health Services’s dividend payout ratio (DPR) is 3.80%.

Analyst Ratings Changes

UHS has been the subject of several analyst reports. TD Cowen reduced their price objective on Universal Health Services from $251.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Zacks Research raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Guggenheim upped their price target on Universal Health Services from $253.00 to $274.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Universal Health Services in a research note on Monday, December 29th. Finally, UBS Group reiterated a “buy” rating on shares of Universal Health Services in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $234.13.

Universal Health Services Profile

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.