JPMorgan Chase & Co. Has $217,635,000 Stake in Universal Health Services Inc. (UHS)
JPMorgan Chase & Co. raised its stake in Universal Health Services Inc. (NYSE:UHS) by 17.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,766,229 shares of the company’s stock after buying an additional 259,562 shares during the period. JPMorgan Chase & Co. owned 1.82% of Universal Health Services worth $217,635,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System boosted its position in Universal Health Services by 1.7% in the first quarter. Arizona State Retirement System now owns 24,500 shares of the company’s stock worth $3,056,000 after buying an additional 400 shares during the period. Royal Bank of Canada boosted its position in Universal Health Services by 138.5% in the first quarter. Royal Bank of Canada now owns 98,983 shares of the company’s stock worth $12,345,000 after buying an additional 57,481 shares during the period. BlueMountain Capital Management LLC boosted its position in Universal Health Services by 21.2% in the first quarter. BlueMountain Capital Management LLC now owns 2,914 shares of the company’s stock worth $363,000 after buying an additional 510 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in Universal Health Services by 5.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 23,234 shares of the company’s stock worth $3,116,000 after buying an additional 1,227 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Universal Health Services by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 77,489 shares of the company’s stock worth $10,391,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.
Shares of Universal Health Services Inc. (NYSE:UHS) opened at 123.02 on Thursday. The stock has a market capitalization of $11.93 billion, a PE ratio of 17.33 and a beta of 1.14. Universal Health Services Inc. has a 52-week low of $100.82 and a 52-week high of $139.77. The firm has a 50-day moving average of $122.23 and a 200 day moving average of $127.22.
Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Universal Health Services had a net margin of 7.31% and a return on equity of 16.35%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 earnings per share. Equities research analysts forecast that Universal Health Services Inc. will post $7.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, November 29th. Universal Health Services’s dividend payout ratio (DPR) is 5.63%.
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UHS has been the topic of a number of research reports. Mizuho reduced their price target on shares of Universal Health Services from $150.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Credit Suisse Group AG reiterated a “hold” rating and issued a $130.00 price target on shares of Universal Health Services in a report on Tuesday, August 30th. Zacks Investment Research upgraded shares of Universal Health Services from a “sell” rating to a “hold” rating in a report on Monday. Barclays PLC reiterated a “hold” rating and issued a $147.00 price target on shares of Universal Health Services in a report on Monday, November 14th. Finally, Wolfe Research initiated coverage on shares of Universal Health Services in a report on Tuesday, October 25th. They issued a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $141.00.
Universal Health Services Company Profile
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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