SteelPeak Wealth LLC Buys Shares of 3,675 Universal Health Services, Inc. (NYSE:UHS)

SteelPeak Wealth LLC purchased a new stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,675 shares of the health services provider's stock, valued at approximately $659,000.

A number of other institutional investors also recently modified their holdings of UHS. Financial Management Professionals Inc. bought a new stake in Universal Health Services in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC bought a new stake in shares of Universal Health Services in the third quarter worth $39,000. Huntington National Bank boosted its holdings in Universal Health Services by 414.3% during the third quarter. Huntington National Bank now owns 180 shares of the health services provider's stock worth $41,000 after purchasing an additional 145 shares during the last quarter. Sentry Investment Management LLC acquired a new position in Universal Health Services during the third quarter worth $64,000. Finally, Mather Group LLC. grew its position in Universal Health Services by 31.6% in the third quarter. Mather Group LLC. now owns 283 shares of the health services provider's stock valued at $65,000 after purchasing an additional 68 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,614 shares of Universal Health Services stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total value of $308,516.10. Following the completion of the sale, the director now directly owns 5,879 shares in the company, valued at approximately $1,123,770.85. The trade was a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.10% of the stock is currently owned by company insiders.

Universal Health Services Stock Performance

Shares of Universal Health Services stock traded down $1.00 on Friday, hitting $188.29. The stock had a trading volume of 369,869 shares, compared to its average volume of 477,113. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30. The business's 50 day moving average is $187.78 and its two-hundred day moving average is $207.62. 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 twelve month low of $152.68 and a twelve month high of $243.25.

Universal Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Tuesday, December 3rd. Universal Health Services's dividend payout ratio is currently 5.32%.

Analysts Set New Price Targets

UHS has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of Universal Health Services from $275.00 to $251.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Bank of America assumed coverage on Universal Health Services in a research report on Wednesday, November 6th. They set a "neutral" rating and a $223.00 price target for the company. Barclays boosted their price target on Universal Health Services from $256.00 to $271.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. KeyCorp initiated coverage on Universal Health Services in a report on Friday, October 11th. They issued a "sector weight" rating for the company. Finally, Royal Bank of Canada lowered their target price on shares of Universal Health Services from $222.00 to $211.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $226.14.

Universal Health Services Company Profile

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.