Truist Financial Corp Cuts Holdings in Universal Health Services, Inc. (NYSE:UHS)

Truist Financial Corp reduced its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,306 shares of the health services provider's stock after selling 4,516 shares during the period. Truist Financial Corp's holdings in Universal Health Services were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC boosted its position in Universal Health Services by 3.4% in the fourth quarter. Choreo LLC now owns 1,822 shares of the health services provider's stock valued at $325,000 after buying an additional 60 shares in the last quarter. Empirical Finance LLC grew its position in Universal Health Services by 1.1% during the 3rd quarter. Empirical Finance LLC now owns 5,704 shares of the health services provider's stock worth $1,306,000 after acquiring an additional 64 shares during the last quarter. US Bancorp DE increased its holdings in Universal Health Services by 3.0% in the 3rd quarter. US Bancorp DE now owns 2,238 shares of the health services provider's stock worth $512,000 after purchasing an additional 65 shares in the last quarter. Quarry LP raised its position in Universal Health Services by 14.4% in the third quarter. Quarry LP now owns 516 shares of the health services provider's stock valued at $118,000 after purchasing an additional 65 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Universal Health Services by 2.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,060 shares of the health services provider's stock valued at $549,000 after purchasing an additional 65 shares in the last quarter. 86.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Universal Health Services

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UHS. Bank of America began coverage on shares of Universal Health Services in a report on Wednesday, November 6th. They issued a "neutral" rating and a $223.00 price objective for the company. Cantor Fitzgerald upgraded Universal Health Services from a "neutral" rating to an "overweight" rating in a report on Monday, February 3rd. Wells Fargo & Company reduced their price target on Universal Health Services from $285.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, November 25th. Stephens raised their price objective on Universal Health Services from $210.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, TD Cowen reduced their target price on Universal Health Services from $275.00 to $251.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.77.

Universal Health Services Stock Up 0.2 %

Shares of NYSE UHS traded up $0.28 during trading on Monday, hitting $175.53. 1,075,868 shares of the company traded hands, compared to its average volume of 647,532. 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 business's fifty day moving average is $184.36 and its 200 day moving average is $204.46. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 0.53 and a beta of 1.30. Universal Health Services, Inc. has a fifty-two week low of $152.68 and a fifty-two week high of $243.25.

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

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Health Services's payout ratio is currently 4.75%.

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.