Canada Pension Plan Investment Board cut its position in Universal Health Services, Inc. (NYSE:UHS) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 168,478 shares of the health services provider’s stock after selling 5,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Universal Health Services were worth $20,568,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UHS. Creative Planning raised its stake in Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock valued at $140,000 after buying an additional 17 shares during the last quarter. Grove Bank & Trust raised its stake in Universal Health Services by 262.4% in the second quarter. Grove Bank & Trust now owns 1,196 shares of the health services provider’s stock valued at $146,000 after buying an additional 866 shares during the last quarter. Seven Bridges Advisors LLC acquired a new stake in Universal Health Services during the second quarter valued at $158,000. Stratos Wealth Partners LTD. raised its stake in Universal Health Services by 1.3% in the second quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock valued at $201,000 after buying an additional 21 shares during the last quarter. Finally, Intrust Bank NA acquired a new stake in Universal Health Services during the first quarter valued at $202,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Shares of Universal Health Services, Inc. (NYSE UHS) opened at 107.69 on Tuesday. Universal Health Services, Inc. has a 12-month low of $99.72 and a 12-month high of $129.74. The firm has a market cap of $10.30 billion, a P/E ratio of 14.64 and a beta of 1.06. The company has a 50-day moving average of $116.85 and a 200 day moving average of $118.99.

Universal Health Services (NYSE:UHS) last announced its earnings results on Tuesday, July 25th. The health services provider reported $1.94 EPS for the quarter, missing the consensus estimate of $2.06 by $0.12. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.64 billion. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. Universal Health Services’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. Equities analysts predict that Universal Health Services, Inc. will post $7.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, August 30th. Universal Health Services’s payout ratio is presently 5.44%.

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UHS has been the subject of several recent research reports. Citigroup Inc. lowered their target price on shares of Universal Health Services from $131.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. BidaskClub lowered shares of Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Universal Health Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Piper Jaffray Companies reiterated a “buy” rating and set a $134.00 target price on shares of Universal Health Services in a research note on Friday, July 28th. Finally, Morgan Stanley initiated coverage on shares of Universal Health Services in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $124.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $136.90.

Universal Health Services Company Profile

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

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