Laffer Investments decreased its holdings in Universal Health Services, Inc. (NYSE:UHS) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,235 shares of the health services provider’s stock after selling 1,025 shares during the period. Laffer Investments’ holdings in Universal Health Services were worth $1,579,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in shares of Universal Health Services by 12.0% during the second quarter. Russell Investments Group Ltd. now owns 19,916 shares of the health services provider’s stock worth $2,433,000 after purchasing an additional 2,141 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Universal Health Services by 7.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 304,135 shares of the health services provider’s stock worth $37,129,000 after purchasing an additional 22,168 shares during the period. National Planning Corp increased its stake in shares of Universal Health Services by 0.3% during the second quarter. National Planning Corp now owns 1,712 shares of the health services provider’s stock worth $208,000 after purchasing an additional 5 shares during the period. First Mercantile Trust Co. bought a new position in shares of Universal Health Services during the second quarter worth approximately $150,000. Finally, Dupont Capital Management Corp increased its stake in shares of Universal Health Services by 6.4% during the second quarter. Dupont Capital Management Corp now owns 7,108 shares of the health services provider’s stock worth $868,000 after purchasing an additional 429 shares during the period. Hedge funds and other institutional investors own 86.13% of the company’s stock.

A number of brokerages have recently weighed in on UHS. Citigroup upgraded Universal Health Services from a “neutral” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada restated a “buy” rating and set a $147.00 price objective on shares of Universal Health Services in a research note on Tuesday, October 3rd. Morgan Stanley lowered their price objective on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Zacks Investment Research lowered Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, BMO Capital Markets assumed coverage on Universal Health Services in a research note on Monday, October 16th. They set an “outperform” rating and a $125.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $126.31.

Shares of Universal Health Services, Inc. (UHS) traded down $0.95 during mid-day trading on Friday, hitting $112.93. The company’s stock had a trading volume of 1,046,400 shares, compared to its average volume of 799,789. The firm has a market cap of $10,808.24, a P/E ratio of 15.23, a PEG ratio of 2.59 and a beta of 0.97. Universal Health Services, Inc. has a 52-week low of $95.26 and a 52-week high of $129.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26.

Universal Health Services (NYSE:UHS) last issued its earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.60 billion. Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 EPS. analysts expect that Universal Health Services, Inc. will post 7.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Thursday, November 30th. Universal Health Services’s dividend payout ratio is presently 5.49%.

Universal Health Services announced that its Board of Directors has authorized a share buyback plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the health services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

WARNING: “Universal Health Services, Inc. (UHS) Shares Sold by Laffer Investments” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/15/universal-health-services-inc-uhs-shares-sold-by-laffer-investments.html.

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.

Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHS).

Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

Receive News & Stock Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related stocks with our FREE daily email newsletter.