Mitsubishi UFJ Asset Management Co. Ltd. Purchases 16,659 Shares of Universal Health Services, Inc. (NYSE:UHS)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 20.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,582 shares of the health services provider's stock after acquiring an additional 16,659 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Universal Health Services worth $17,456,000 as of its most recent SEC filing.

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

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Analyst Ratings Changes

A number of research firms have commented on UHS. Wells Fargo & Company reduced their price objective on shares of 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. Morgan Stanley assumed coverage on Universal Health Services in a research note on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price objective on the stock. The Goldman Sachs Group downgraded shares of Universal Health Services from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $228.00 to $198.00 in a research report on Monday, December 16th. Cantor Fitzgerald raised Universal Health Services from a "neutral" rating to an "overweight" rating in a research report on Monday, February 3rd. Finally, Stephens upped their target price on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Universal Health Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.38.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 7,916 shares in the company, valued at $1,418,230.56. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.10% of the stock is owned by corporate insiders.

Universal Health Services Trading Up 0.1 %

Shares of NYSE:UHS traded up $0.16 during mid-day trading on Thursday, hitting $188.94. The stock had a trading volume of 423,731 shares, compared to its average volume of 733,590. The company's 50 day moving average is $182.00 and its 200-day moving average is $196.29. Universal Health Services, Inc. has a 12-month low of $152.69 and a 12-month high of $243.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39. The company has a market cap of $12.28 billion, a PE ratio of 12.56, a P/E/G ratio of 0.53 and a beta of 1.32.

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 analysts' consensus estimates of $4.21 by $0.71. The company had revenue of $4.11 billion during 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 predict that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Announces Dividend

The firm also recently announced 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 of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 0.42%. Universal Health Services's dividend payout ratio (DPR) is presently 4.75%.

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.