SVB Wealth LLC Acquires 3,396 Shares of Universal Health Services, Inc. $UHS

SVB Wealth LLC increased its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 48.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,456 shares of the health services provider’s stock after buying an additional 3,396 shares during the quarter. SVB Wealth LLC’s holdings in Universal Health Services were worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stephens Inc. AR increased its position in Universal Health Services by 4.2% in the third quarter. Stephens Inc. AR now owns 1,250 shares of the health services provider’s stock worth $256,000 after buying an additional 50 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Universal Health Services by 3.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,794 shares of the health services provider’s stock worth $367,000 after buying an additional 58 shares during the last quarter. Avanza Fonder AB increased its position in Universal Health Services by 6.1% in the fourth quarter. Avanza Fonder AB now owns 1,027 shares of the health services provider’s stock worth $224,000 after buying an additional 59 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Universal Health Services by 1.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,859 shares of the health services provider’s stock worth $841,000 after buying an additional 60 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Universal Health Services by 3.1% in the third quarter. Bessemer Group Inc. now owns 2,217 shares of the health services provider’s stock worth $453,000 after buying an additional 66 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Mizuho decreased their target price on Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. TD Cowen decreased their target price on Universal Health Services from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings downgraded Universal Health Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 17th. Zacks Research downgraded Universal Health Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Stephens decreased their target price on Universal Health Services from $235.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $220.94.

Universal Health Services Price Performance

Shares of NYSE UHS opened at $168.23 on Tuesday. The stock has a market cap of $10.28 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13. Universal Health Services, Inc. has a fifty-two week low of $152.33 and a fifty-two week high of $246.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08. The stock has a fifty day moving average of $183.27 and a 200-day moving average of $207.74.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating the consensus estimate of $5.41 by $0.21. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.84 earnings per share. Equities research analysts anticipate that Universal Health Services, Inc. will post 23.34 earnings per share for the current year.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.20 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. Universal Health Services’s payout ratio is 3.33%.

About Universal Health Services

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.