Patton Fund Management Inc. Has $292,000 Position in Universal Health Services, Inc. $UHS

Patton Fund Management Inc. lowered its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 93.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,634 shares of the health services provider’s stock after selling 21,769 shares during the quarter. Patton Fund Management Inc.’s holdings in Universal Health Services were worth $292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL raised its position in shares of Universal Health Services by 4.1% in the fourth quarter. Blair William & Co. IL now owns 1,390 shares of the health services provider’s stock valued at $303,000 after purchasing an additional 55 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Universal Health Services by 3.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,794 shares of the health services provider’s stock worth $367,000 after buying an additional 58 shares during the period. Avanza Fonder AB grew its stake in Universal Health Services by 6.1% in the 4th quarter. Avanza Fonder AB now owns 1,027 shares of the health services provider’s stock valued at $224,000 after buying an additional 59 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in Universal Health Services by 1.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,859 shares of the health services provider’s stock valued at $841,000 after buying an additional 60 shares during the last quarter. Finally, Triad Wealth Partners LLC raised its holdings in Universal Health Services by 3.4% in the 1st quarter. Triad Wealth Partners LLC now owns 1,858 shares of the health services provider’s stock worth $333,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

UHS has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Universal Health Services from $268.00 to $238.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Royal Bank Of Canada lowered their target price on Universal Health Services from $216.00 to $190.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 29th. TD Cowen dropped their price target on Universal Health Services from $230.00 to $197.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Mizuho cut their price target on Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, Robert W. Baird reduced their price objective on Universal Health Services from $241.00 to $204.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $216.56.

Universal Health Services Stock Performance

NYSE:UHS opened at $147.41 on Tuesday. The firm’s 50-day moving average is $157.92 and its 200-day moving average is $189.05. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08. Universal Health Services, Inc. has a 52-week low of $140.08 and a 52-week high of $246.32.

Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating the consensus estimate of $5.41 by $0.21. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the company earned $4.84 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Universal Health Services, Inc. will post 23.47 earnings per share for the current year.

Universal Health Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 8th were given a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Universal Health Services’s dividend payout ratio (DPR) is currently 3.33%.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.