Truist Financial Corp lowered its stake in shares of Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 17.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,787 shares of the health services provider’s stock after selling 2,250 shares during the period. Truist Financial Corp’s holdings in Universal Health Services were worth $951,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Universal Health Services by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock worth $1,138,729,000 after purchasing an additional 146,820 shares in the last quarter. FMR LLC raised its stake in Universal Health Services by 3.6% in the 2nd quarter. FMR LLC now owns 5,580,653 shares of the health services provider’s stock valued at $562,028,000 after acquiring an additional 195,345 shares during the period. BlackRock Inc. raised its stake in Universal Health Services by 2.3% in the 1st quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock valued at $728,594,000 after acquiring an additional 113,259 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Universal Health Services by 3.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,093,180 shares of the health services provider’s stock valued at $110,094,000 after acquiring an additional 31,489 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Universal Health Services by 45.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 802,139 shares of the health services provider’s stock valued at $80,784,000 after acquiring an additional 250,295 shares during the period. Institutional investors own 87.17% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on UHS. Mizuho increased their price target on Universal Health Services from $126.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, December 14th. StockNews.com upgraded Universal Health Services from a “hold” rating to a “buy” rating in a research note on Friday, December 23rd. Bank of America upgraded Universal Health Services from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $120.00 to $145.00 in a research report on Friday, December 16th. UBS Group increased their price objective on Universal Health Services to $113.00 in a research report on Wednesday, November 16th. Finally, Barclays increased their price objective on Universal Health Services from $115.00 to $132.00 and gave the stock an “underweight” rating in a research report on Monday, January 9th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $131.20.
Universal Health Services Stock Performance
Universal Health Services (NYSE:UHS – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The health services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.14. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.28 billion. Universal Health Services had a return on equity of 12.49% and a net margin of 5.59%. Universal Health Services’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $2.67 earnings per share. Sell-side analysts expect that Universal Health Services, Inc. will post 9.8 EPS for the current fiscal year.
Universal Health Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, February 28th. Universal Health Services’s dividend payout ratio (DPR) is presently 8.23%.
Universal Health Services Profile
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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