Trek Financial LLC Sells 23,012 Shares of Universal Health Services, Inc. (NYSE:UHS)

Trek Financial LLC decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 94.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,254 shares of the health services provider's stock after selling 23,012 shares during the quarter. Trek Financial LLC's holdings in Universal Health Services were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Universal Health Services by 22.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider's stock valued at $9,721,000 after buying an additional 9,946 shares during the last quarter. Savant Capital LLC increased its stake in shares of Universal Health Services by 255.3% in the fourth quarter. Savant Capital LLC now owns 6,345 shares of the health services provider's stock worth $1,138,000 after purchasing an additional 4,559 shares in the last quarter. Abacus Planning Group Inc. lifted its position in shares of Universal Health Services by 175.6% during the fourth quarter. Abacus Planning Group Inc. now owns 2,792 shares of the health services provider's stock worth $501,000 after acquiring an additional 1,779 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Universal Health Services by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider's stock worth $274,248,000 after purchasing an additional 10,578 shares during the period. Finally, Vestcor Inc boosted its position in shares of Universal Health Services by 1,436.5% in the third quarter. Vestcor Inc now owns 54,070 shares of the health services provider's stock valued at $12,383,000 after acquiring an additional 50,551 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UHS. Cantor Fitzgerald upgraded Universal Health Services from a "neutral" rating to an "overweight" rating in a research report on Monday, February 3rd. The Goldman Sachs Group cut shares of Universal Health Services from a "buy" rating to a "neutral" rating and cut their price objective for the company from $228.00 to $198.00 in a research note on Monday, December 16th. Barclays lowered their price target on shares of Universal Health Services from $271.00 to $249.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $226.00 target price on shares of Universal Health Services in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company decreased their price target on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Universal Health Services presently has an average rating of "Moderate Buy" and an average target price of $228.77.

Universal Health Services Stock Up 1.6 %

UHS stock traded up $2.88 during midday trading on Monday, hitting $178.29. The stock had a trading volume of 80,077 shares, compared to its average volume of 746,751. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The business has a 50-day moving average of $179.93 and a two-hundred day moving average of $192.51. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. Universal Health Services, Inc. has a 52-week low of $152.69 and a 52-week high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last released its earnings results on Wednesday, February 26th. The health services provider reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.71. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.01 billion. As a group, equities research analysts forecast that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Universal Health Services's dividend payout ratio is currently 4.75%.

Insiders Place Their Bets

In other news, Director Maria Ruderman Singer sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $179.16, for a total transaction of $179,160.00. Following the completion of the transaction, the director now directly owns 7,916 shares of the company's stock, valued at $1,418,230.56. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.10% of the company's stock.

Universal Health Services 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.