Virtu Financial LLC acquired a new position in Universal Health Services, Inc. (NYSE:UHS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,582 shares of the health services provider's stock, valued at approximately $2,194,000.
A number of other institutional investors have also modified their holdings of UHS. State Street Corp lifted its stake in shares of Universal Health Services by 0.6% in the 3rd quarter. State Street Corp now owns 2,724,075 shares of the health services provider's stock valued at $623,840,000 after purchasing an additional 17,527 shares during the period. Geode Capital Management LLC boosted its stake in shares of Universal Health Services by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,661,530 shares of the health services provider's stock worth $379,403,000 after acquiring an additional 63,754 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Universal Health Services by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 603,705 shares of the health services provider's stock valued at $138,254,000 after acquiring an additional 11,353 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Universal Health Services by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 486,438 shares of the health services provider's stock valued at $89,957,000 after purchasing an additional 2,620 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Universal Health Services by 13.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 346,969 shares of the health services provider's stock worth $79,459,000 after purchasing an additional 41,218 shares during the period. Hedge funds and other institutional investors own 86.05% of the company's stock.
Universal Health Services Trading Up 0.5 %
Shares of UHS stock traded up $0.96 during trading on Friday, hitting $187.40. 464,302 shares of the stock traded hands, compared to its average volume of 679,392. Universal Health Services, Inc. has a 52-week low of $147.33 and a 52-week high of $243.25. The firm has a market capitalization of $12.36 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.61 and a beta of 1.28. The firm's fifty day moving average price is $207.54 and its 200-day moving average price is $208.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28.
Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share for the quarter, missing analysts' consensus estimates of $3.75 by ($0.04). The business had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.90 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 earnings per share. As a group, research analysts forecast that Universal Health Services, Inc. will post 15.88 earnings per share 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, December 3rd. Universal Health Services's dividend payout ratio (DPR) is 5.32%.
Wall Street Analyst Weigh In
UHS has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on Universal Health Services in a research report on Friday, October 11th. They set a "sector weight" rating on the stock. Bank of America began coverage on shares of Universal Health Services in a research note on Wednesday, November 6th. They set a "neutral" rating and a $223.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Universal Health Services from $285.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, November 25th. Robert W. Baird increased their target price on Universal Health Services from $236.00 to $274.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. Finally, Barclays upped their target price on shares of Universal Health Services from $256.00 to $271.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Six investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $225.50.
Read Our Latest Stock Report on UHS
Insider Transactions at Universal Health Services
In related news, Director Maria Ruderman Singer sold 1,614 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $191.15, for a total value of $308,516.10. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 16.10% of the company's stock.
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.
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