Vestcor Inc grew its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 1,436.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,070 shares of the health services provider's stock after acquiring an additional 50,551 shares during the quarter. Vestcor Inc owned about 0.08% of Universal Health Services worth $12,383,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in shares of Universal Health Services during the third quarter worth about $32,000. True Wealth Design LLC acquired a new position in Universal Health Services during the 3rd quarter worth approximately $39,000. Blue Trust Inc. boosted its holdings in Universal Health Services by 1,284.6% in the 2nd quarter. Blue Trust Inc. now owns 180 shares of the health services provider's stock worth $33,000 after acquiring an additional 167 shares during the period. Huntington National Bank grew its position 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 acquiring an additional 145 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Universal Health Services during the second quarter valued at approximately $35,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
Universal Health Services Stock Performance
Universal Health Services stock traded down $1.15 during mid-day trading on Tuesday, reaching $191.70. The company's stock had a trading volume of 458,054 shares, compared to its average volume of 681,779. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.62 and a beta of 1.28. Universal Health Services, Inc. has a twelve month low of $139.90 and a twelve month high of $243.25. The business has a 50 day moving average price of $209.35 and a 200-day moving average price of $208.33. 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 (NYSE:UHS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS 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 analyst estimates of $3.90 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $2.55 earnings per share. Sell-side analysts predict that Universal Health Services, Inc. will post 15.88 EPS for the current fiscal year.
Universal Health Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given 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 is Tuesday, December 3rd. Universal Health Services's payout ratio is 5.32%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on UHS. Cantor Fitzgerald restated a "neutral" rating and issued a $219.00 target price on shares of Universal Health Services in a research note on Friday, October 25th. Barclays upped their price objective on shares of Universal Health Services from $256.00 to $271.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Royal Bank of Canada dropped their target price on Universal Health Services from $222.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Bank of America started coverage on Universal Health Services in a report on Wednesday, November 6th. They issued a "neutral" rating and a $223.00 price target for the company. Finally, KeyCorp began coverage on Universal Health Services in a report on Friday, October 11th. They set a "sector weight" rating on the stock. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $225.50.
Check Out Our Latest Stock Analysis on Universal Health Services
About Universal Health Services
(
Free Report)
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.
Further Reading
Before you consider Universal Health Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Health Services wasn't on the list.
While Universal Health Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
