Shares of Universal Health Services Inc. (NYSE:UHS) dropped 2.9% during mid-day trading on Tuesday . The stock traded as low as $122.61 and last traded at $122.63, with a volume of 656,360 shares trading hands. The stock had previously closed at $126.31.

UHS has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on Universal Health Services from $150.00 to $157.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Zacks Investment Research cut Universal Health Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Standpoint Research cut Universal Health Services from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Sterne Agee CRT reiterated a “neutral” rating on shares of Universal Health Services in a research note on Monday, May 16th. Finally, JPMorgan Chase & Co. increased their price objective on Universal Health Services from $138.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.43.

The stock has a 50-day moving average of $131.93 and a 200 day moving average of $126.11. The stock has a market cap of $11.95 billion and a P/E ratio of 17.47.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.94 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.94. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.47 billion. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, equities research analysts forecast that Universal Health Services Inc. will post $7.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%.

In related news, SVP Debra K. Osteen sold 18,749 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $135.81, for a total transaction of $2,546,301.69. Following the completion of the sale, the senior vice president now directly owns 88,440 shares of the company’s stock, valued at approximately $12,011,036.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Debra K. Osteen sold 6,756 shares of the company’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $138.27, for a total transaction of $934,152.12. Following the sale, the senior vice president now directly owns 105,940 shares of the company’s stock, valued at $14,648,323.80. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in UHS. Advantus Capital Management Inc boosted its stake in shares of Universal Health Services by 0.7% in the fourth quarter. Advantus Capital Management Inc now owns 8,771 shares of the company’s stock worth $1,048,000 after buying an additional 59 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Universal Health Services by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 10,221 shares of the company’s stock worth $1,221,000 after buying an additional 62 shares during the period. Trexquant Investment LP acquired a new stake in shares of Universal Health Services during the fourth quarter worth $2,916,000. US Bancorp DE boosted its stake in shares of Universal Health Services by 2.3% in the fourth quarter. US Bancorp DE now owns 30,260 shares of the company’s stock worth $3,616,000 after buying an additional 675 shares during the period. Finally, American International Group Inc. boosted its stake in shares of Universal Health Services by 1.3% in the fourth quarter. American International Group Inc. now owns 36,021 shares of the company’s stock worth $4,304,000 after buying an additional 459 shares during the period.

Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.

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