Pictet Asset Management Ltd. decreased its position in Universal Health Services, Inc. (NYSE:UHS) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 45,945 shares of the health services provider’s stock after selling 1,000 shares during the period. Pictet Asset Management Ltd.’s holdings in Universal Health Services were worth $5,222,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its position 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 worth $140,000 after buying an additional 17 shares during the period. Grove Bank & Trust boosted its position 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 worth $146,000 after buying an additional 866 shares during the period. Stratos Wealth Partners LTD. boosted its position 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 worth $201,000 after buying an additional 21 shares during the period. Intrust Bank NA bought a new position in Universal Health Services during the first quarter worth $202,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Universal Health Services during the first quarter worth $205,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal Health Services, Inc. (UHS) opened at 107.18 on Friday. Universal Health Services, Inc. has a 52 week low of $99.72 and a 52 week high of $129.74. The company has a 50-day moving average of $115.99 and a 200-day moving average of $118.80. The firm has a market capitalization of $10.25 billion, a PE ratio of 14.57 and a beta of 1.06.

Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by $0.12. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates 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 was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 earnings per share. On average, equities analysts forecast that Universal Health Services, Inc. will post $7.72 earnings per share for the current fiscal year.

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

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UHS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Universal Health Services from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, July 4th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 price target on shares of Universal Health Services in a research note on Friday, July 28th. 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 price target on the stock. Citigroup Inc. lowered their price target on shares of Universal Health Services from $131.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada lowered their price target on shares of Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $135.90.

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

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