Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,108 Shares of Universal Health Services, Inc. (NYSE:UHS)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 28.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,017 shares of the health services provider's stock after acquiring an additional 3,108 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Universal Health Services were worth $3,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Bridgewater Associates LP increased its position in shares of Universal Health Services by 20.7% during the third quarter. Bridgewater Associates LP now owns 147,032 shares of the health services provider's stock valued at $33,672,000 after purchasing an additional 25,266 shares during the period. Freedom Investment Management Inc. increased its holdings in Universal Health Services by 46.3% in the 3rd quarter. Freedom Investment Management Inc. now owns 1,849 shares of the health services provider's stock valued at $423,000 after buying an additional 585 shares during the period. Townsquare Capital LLC bought a new stake in Universal Health Services in the 3rd quarter valued at $427,000. BNP Paribas Financial Markets raised its stake in shares of Universal Health Services by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 145,259 shares of the health services provider's stock valued at $33,266,000 after buying an additional 16,199 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Universal Health Services during the 3rd quarter worth about $104,000. 86.05% of the stock is owned by institutional investors.

Universal Health Services Trading Up 0.5 %

Shares of UHS stock traded up $1.09 on Wednesday, reaching $199.43. 220,295 shares of the stock were exchanged, compared to its average volume of 683,486. 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, Inc. has a one year low of $133.70 and a one year high of $243.25. The stock has a market cap of $13.16 billion, a PE ratio of 13.18, a P/E/G ratio of 0.64 and a beta of 1.28. The stock has a 50 day moving average price of $213.16 and a 200 day moving average price of $207.77.

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

Universal Health Services Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com cut Universal Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 9th. Barclays lifted their price objective on Universal Health Services from $256.00 to $271.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Bank of America started coverage on shares of Universal Health Services in a report on Wednesday, November 6th. They issued a "neutral" rating and a $223.00 target price on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $219.00 price target on shares of Universal Health Services in a report on Friday, October 25th. Finally, Wells Fargo & Company reduced 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 report on Monday, November 25th. Six equities research 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $225.50.

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.