FIL Ltd Raises Position in Universal Health Services, Inc. (NYSE:UHS)
FIL Ltd boosted its stake in Universal Health Services, Inc. (NYSE:UHS) by 15.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 191,342 shares of the health services provider’s stock after buying an additional 25,441 shares during the quarter. FIL Ltd’s holdings in Universal Health Services were worth $25,596,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of UHS. Oregon Public Employees Retirement Fund lifted its stake in Universal Health Services by 11,078.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,222,767 shares of the health services provider’s stock worth $28,000 after purchasing an additional 3,193,937 shares in the last quarter. Norges Bank purchased a new position in Universal Health Services in the 4th quarter worth approximately $112,140,000. FMR LLC lifted its stake in Universal Health Services by 19.5% in the 4th quarter. FMR LLC now owns 5,178,138 shares of the health services provider’s stock worth $603,564,000 after purchasing an additional 844,173 shares in the last quarter. LSV Asset Management lifted its stake in Universal Health Services by 325.2% in the 1st quarter. LSV Asset Management now owns 983,208 shares of the health services provider’s stock worth $131,523,000 after purchasing an additional 751,959 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Universal Health Services by 6.3% in the 4th quarter. BlackRock Inc. now owns 6,473,221 shares of the health services provider’s stock worth $754,517,000 after purchasing an additional 382,566 shares in the last quarter. 86.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on UHS. UBS Group reissued a “buy” rating and issued a $151.00 target price on shares of Universal Health Services in a research note on Friday. BMO Capital Markets decreased their target price on shares of Universal Health Services to $138.00 and set a “market perform” rating on the stock in a research note on Monday, April 29th. Barclays decreased their target price on shares of Universal Health Services from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lowered shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 target price on the stock. in a research note on Monday, March 4th. They noted that the move was a valuation call. Finally, Deutsche Bank raised their target price on shares of Universal Health Services from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $143.53.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Thursday, April 25th. The health services provider reported $2.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.62 by ($0.17). The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.82 billion. Universal Health Services had a return on equity of 16.21% and a net margin of 7.26%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 EPS. On average, sell-side analysts expect that Universal Health Services, Inc. will post 9.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Universal Health Services’s dividend payout ratio is currently 4.20%.
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Universal Health Services Company Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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