Prudential Financial Inc. Acquires 2,680 Shares of Universal Health Services, Inc. (UHS)
Prudential Financial Inc. boosted its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 211,047 shares of the health services provider’s stock after purchasing an additional 2,680 shares during the quarter. Prudential Financial Inc. owned about 0.22% of Universal Health Services worth $23,413,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Creative Planning grew its position in Universal Health Services by 2.4% during the 2nd quarter. Creative Planning now owns 1,152 shares of the health services provider’s stock valued at $141,000 after purchasing an additional 27 shares during the last quarter. Grove Bank & Trust grew its position in Universal Health Services by 262.4% during the 2nd quarter. Grove Bank & Trust now owns 1,196 shares of the health services provider’s stock valued at $146,000 after purchasing an additional 866 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Universal Health Services during the 2nd quarter valued at about $150,000. Seven Bridges Advisors LLC purchased a new stake in Universal Health Services during the 2nd quarter valued at about $158,000. Finally, Stratos Wealth Partners LTD. grew its position in Universal Health Services by 1.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock valued at $201,000 after purchasing an additional 21 shares during the last quarter. 85.14% of the stock is currently owned by institutional investors.
Several research firms have issued reports on UHS. Royal Bank Of Canada restated a “buy” rating and set a $126.00 target price on shares of Universal Health Services in a research note on Friday, October 27th. Leerink Swann upped their target price on shares of Universal Health Services from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, September 22nd. KeyCorp restated a “buy” rating and set a $127.00 target price on shares of Universal Health Services in a research note on Thursday, September 7th. Citigroup Inc. lowered their target price on shares of Universal Health Services from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of Universal Health Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Universal Health Services currently has an average rating of “Hold” and a consensus target price of $126.31.
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Shares of Universal Health Services, Inc. (UHS) opened at $98.38 on Friday. Universal Health Services, Inc. has a one year low of $95.26 and a one year high of $129.74. The company has a market cap of $9,160.88, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.95. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80.
Universal Health Services (NYSE:UHS) last released its earnings results on Wednesday, October 25th. The health services provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the business posted $1.60 EPS. Universal Health Services’s revenue was up 4.4% on a year-over-year basis. equities analysts forecast that Universal Health Services, Inc. will post 7.36 earnings per share for the current year.
Universal Health Services announced that its board has approved a share repurchase program on Wednesday, November 15th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the health services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, November 30th. Universal Health Services’s payout ratio is 5.49%.
Universal Health Services Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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