Livforsakringsbolaget Skandia Omsesidigt cut its holdings in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 75.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the health services provider’s stock after selling 21,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Universal Health Services were worth $1,304,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of Universal Health Services during the first quarter worth $30,000. Sentry Investment Management LLC acquired a new position in shares of Universal Health Services in the 1st quarter valued at $35,000. UMB Bank n.a. increased its position in shares of Universal Health Services by 49.3% in the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider’s stock valued at $38,000 after acquiring an additional 67 shares during the period. Federated Hermes Inc. increased its position in shares of Universal Health Services by 89.7% in the 1st quarter. Federated Hermes Inc. now owns 258 shares of the health services provider’s stock valued at $48,000 after acquiring an additional 122 shares during the period. Finally, CX Institutional acquired a new position in shares of Universal Health Services in the 1st quarter valued at $74,000. 86.05% of the stock is owned by institutional investors and hedge funds.
Universal Health Services Trading Down 1.8%
Shares of Universal Health Services stock opened at $186.26 on Wednesday. The firm has a market capitalization of $11.85 billion, a PE ratio of 9.81, a P/E/G ratio of 0.78 and a beta of 1.28. Universal Health Services, Inc. has a twelve month low of $152.33 and a twelve month high of $243.25. The firm’s 50-day moving average price is $176.41 and its 200 day moving average price is $178.74. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64.
Universal Health Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, September 2nd. Universal Health Services’s dividend payout ratio (DPR) is 4.21%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on UHS shares. JPMorgan Chase & Co. cut their target price on Universal Health Services from $215.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. UBS Group set a $227.00 target price on Universal Health Services in a research report on Wednesday, July 30th. Robert W. Baird cut their target price on Universal Health Services from $243.00 to $203.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Wells Fargo & Company cut their target price on Universal Health Services from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, August 14th. Finally, Bank of America downgraded Universal Health Services from a “neutral” rating to an “underperform” rating and cut their target price for the company from $215.00 to $185.00 in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Universal Health Services has a consensus rating of “Hold” and a consensus price target of $214.77.
Get Our Latest Research Report on Universal Health Services
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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