Parsons Capital Management Inc. RI Has $891,000 Holdings in Universal Health Services, Inc. (NYSE:UHS)
Parsons Capital Management Inc. RI lifted its holdings in Universal Health Services, Inc. (NYSE:UHS) by 4.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,676 shares of the health services provider’s stock after acquiring an additional 289 shares during the period. Parsons Capital Management Inc. RI’s holdings in Universal Health Services were worth $891,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Twin Tree Management LP acquired a new position in shares of Universal Health Services in the fourth quarter valued at about $27,000. Capital Asset Advisory Services LLC acquired a new position in shares of Universal Health Services in the fourth quarter valued at about $27,000. TD Ameritrade Investment Management LLC acquired a new position in shares of Universal Health Services in the fourth quarter valued at about $66,000. Canada Pension Plan Investment Board lifted its position in Universal Health Services by 29.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 623 shares of the health services provider’s stock worth $86,000 after purchasing an additional 142 shares during the period. Finally, Arlington Partners LLC bought a new stake in Universal Health Services during the first quarter worth about $89,000. Institutional investors and hedge funds own 82.26% of the company’s stock.
UHS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Universal Health Services from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, April 26th. Bank of America cut shares of Universal Health Services from a “neutral” rating to an “underperform” rating and set a $144.00 price objective for the company. in a research report on Tuesday, January 5th. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $115.00 price objective on shares of Universal Health Services in a research report on Sunday, March 14th. Citigroup dropped their target price on shares of Universal Health Services from $162.00 to $151.00 in a report on Tuesday, March 2nd. Finally, Royal Bank of Canada increased their target price on shares of Universal Health Services from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $142.27.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Sunday, April 25th. The health services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.17. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.95 billion. Universal Health Services had a net margin of 7.74% and a return on equity of 15.61%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.73 EPS. As a group, research analysts anticipate that Universal Health Services, Inc. will post 10.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 12th. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. Universal Health Services’s dividend payout ratio (DPR) is presently 8.01%.
In other Universal Health Services news, Director Eileen C. Mcdonnell sold 2,483 shares of the stock in a transaction that occurred on Wednesday, April 28th. The shares were sold at an average price of $148.43, for a total transaction of $368,551.69. Following the completion of the sale, the director now owns 9,737 shares of the company’s stock, valued at approximately $1,445,262.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Jay Peterson sold 5,122 shares of the stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $149.82, for a total transaction of $767,378.04. Following the sale, the executive vice president now directly owns 7,576 shares of the company’s stock, valued at approximately $1,135,036.32. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
Universal Health Services Profile
Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.
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