Meeder Asset Management Inc. Sells 12,678 Shares of Universal Health Services, Inc. (NYSE:UHS)

Meeder Asset Management Inc. cut its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 96.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409 shares of the health services provider's stock after selling 12,678 shares during the quarter. Meeder Asset Management Inc.'s holdings in Universal Health Services were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Townsquare Capital LLC acquired a new stake in Universal Health Services during the 3rd quarter worth approximately $427,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Universal Health Services by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,017 shares of the health services provider's stock worth $3,210,000 after buying an additional 3,108 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Universal Health Services by 13.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 346,969 shares of the health services provider's stock valued at $79,459,000 after acquiring an additional 41,218 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Universal Health Services by 13.2% in the third quarter. Public Sector Pension Investment Board now owns 2,572 shares of the health services provider's stock valued at $589,000 after acquiring an additional 300 shares during the period. Finally, Captrust Financial Advisors grew its stake in shares of Universal Health Services by 73.0% in the third quarter. Captrust Financial Advisors now owns 2,226 shares of the health services provider's stock valued at $510,000 after acquiring an additional 939 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

UHS has been the subject of a number of recent research reports. Cantor Fitzgerald raised shares of Universal Health Services from a "neutral" rating to an "overweight" rating in a report on Monday, February 3rd. Stephens boosted their price target on Universal Health Services from $210.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company reduced their price target on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $226.00 price objective on shares of Universal Health Services in a report on Tuesday, December 17th. Finally, Morgan Stanley initiated coverage on Universal Health Services in a report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $228.38.

Universal Health Services Price Performance

Shares of NYSE UHS traded down $14.04 during midday trading on Friday, reaching $174.69. 1,577,231 shares of the company were exchanged, compared to its average volume of 742,442. The stock's 50-day moving average price is $181.75 and its 200-day moving average price is $195.29. The stock has a market cap of $11.36 billion, a P/E ratio of 11.62, a PEG ratio of 0.53 and a beta of 1.21. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a one year low of $152.69 and a one year high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The health services provider reported $4.92 earnings per share for the quarter, topping analysts' consensus estimates of $4.21 by $0.71. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.01 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. On average, sell-side analysts anticipate that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Universal Health Services's dividend payout ratio (DPR) is presently 4.75%.

Insider Buying and Selling

In related news, Director Maria Ruderman Singer sold 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $179.16, for a total value of $179,160.00. Following the completion of the sale, the director now directly owns 7,916 shares in the company, valued at $1,418,230.56. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.10% of the stock is owned by corporate insiders.

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.