Universal Health Services, Inc. (NYSE:UHS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its stake in shares of Universal Health Services, Inc. (NYSE:UHSGet Rating) by 6.5% during the second quarter, HoldingsChannel reports. The firm owned 8,866 shares of the health services provider’s stock after selling 618 shares during the period. Texas Permanent School Fund’s holdings in Universal Health Services were worth $893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ING Groep NV lifted its stake in shares of Universal Health Services by 8.9% in the second quarter. ING Groep NV now owns 12,632 shares of the health services provider’s stock worth $1,272,000 after acquiring an additional 1,031 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Universal Health Services by 300.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 13,959 shares of the health services provider’s stock worth $1,406,000 after acquiring an additional 10,472 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Universal Health Services by 117.8% in the second quarter. Meeder Asset Management Inc. now owns 6,183 shares of the health services provider’s stock worth $624,000 after acquiring an additional 3,344 shares in the last quarter. Banque Pictet & Cie SA lifted its stake in shares of Universal Health Services by 201.3% in the second quarter. Banque Pictet & Cie SA now owns 14,884 shares of the health services provider’s stock worth $1,499,000 after acquiring an additional 9,944 shares in the last quarter. Finally, Community Capital Management LLC lifted its stake in shares of Universal Health Services by 114.5% in the second quarter. Community Capital Management LLC now owns 13,300 shares of the health services provider’s stock worth $1,339,000 after acquiring an additional 7,100 shares in the last quarter. Institutional investors and hedge funds own 88.93% of the company’s stock.

Universal Health Services Stock Performance

Shares of NYSE UHS opened at $128.67 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $102.78 and a 200-day simple moving average of $107.84. The company has a market cap of $9.39 billion, a PE ratio of 13.24, a P/E/G ratio of 4.46 and a beta of 1.29. Universal Health Services, Inc. has a 12-month low of $82.50 and a 12-month high of $158.28.

Universal Health Services (NYSE:UHSGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The health services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.14. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.28 billion. Universal Health Services had a return on equity of 12.49% and a net margin of 5.59%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.67 earnings per share. On average, equities research analysts forecast that Universal Health Services, Inc. will post 9.84 EPS for the current year.

Universal Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 0.62%. Universal Health Services’s dividend payout ratio is presently 8.23%.

Analysts Set New Price Targets

Several research firms recently commented on UHS. Deutsche Bank Aktiengesellschaft cut their price target on Universal Health Services from $160.00 to $130.00 in a research note on Wednesday, July 27th. Cowen lowered their price objective on Universal Health Services to $119.00 in a report on Tuesday, August 9th. StockNews.com lowered Universal Health Services from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Stephens boosted their price objective on Universal Health Services to $110.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Mizuho boosted their price objective on Universal Health Services from $121.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Universal Health Services has an average rating of “Hold” and an average target price of $120.43.

Universal Health Services Profile

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Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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