UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Universal Health Services, Inc. (NYSE:UHS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 346,969 shares of the health services provider's stock after purchasing an additional 41,218 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.52% of Universal Health Services worth $79,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in shares of Universal Health Services in the third quarter valued at approximately $32,000. Blue Trust Inc. lifted its position in Universal Health Services by 1,284.6% during the second quarter. Blue Trust Inc. now owns 180 shares of the health services provider's stock worth $33,000 after buying an additional 167 shares during the period. Huntington National Bank raised its holdings in Universal Health Services by 414.3% in the third quarter. Huntington National Bank now owns 180 shares of the health services provider's stock valued at $41,000 after buying an additional 145 shares during the period. Innealta Capital LLC purchased a new stake in Universal Health Services during the 2nd quarter worth $35,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Universal Health Services by 41.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 251 shares of the health services provider's stock valued at $46,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 86.05% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on UHS shares. Wells Fargo & Company lowered their price objective on Universal Health Services from $285.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, November 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $219.00 target price on shares of Universal Health Services in a research note on Friday, October 25th. KeyCorp began coverage on Universal Health Services in a research report on Friday, October 11th. They set a "sector weight" rating on the stock. Royal Bank of Canada cut their price objective on Universal Health Services from $222.00 to $211.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Finally, Bank of America initiated coverage on Universal Health Services in a research report on Wednesday, November 6th. They issued a "neutral" rating and a $223.00 price target for the company. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Universal Health Services currently has a consensus rating of "Moderate Buy" and an average price target of $225.50.

Universal Health Services Stock Performance

Universal Health Services stock traded down $2.56 during trading on Tuesday, reaching $198.30. The company had a trading volume of 453,767 shares, compared to its average volume of 685,543. The firm's 50-day simple moving average is $214.02 and its 200 day simple moving average is $207.62. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.28. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a 52 week low of $133.70 and a 52 week high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.75 by ($0.04). The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.90 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.55 earnings per share. Sell-side analysts forecast that Universal Health Services, Inc. will post 15.93 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $0.20 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Universal Health Services's dividend payout ratio is presently 5.32%.

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.