Family Legacy Financial Solutions LLC bought a new stake in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,217 shares of the health services provider’s stock, valued at approximately $221,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Universal Health Services by 16.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,029 shares of the health services provider’s stock worth $1,851,000 after purchasing an additional 1,430 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Universal Health Services by 2.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,528 shares of the health services provider’s stock valued at $1,364,000 after buying an additional 190 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Universal Health Services during the 2nd quarter valued at about $238,000. Reyes Financial Architecture Inc. bought a new stake in shares of Universal Health Services during the 2nd quarter valued at about $100,000. Finally, Czech National Bank grew its position in shares of Universal Health Services by 3.7% during the 2nd quarter. Czech National Bank now owns 13,979 shares of the health services provider’s stock valued at $2,532,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.
Universal Health Services Stock Performance
Shares of UHS opened at $187.37 on Thursday. The company’s fifty day moving average is $176.50 and its 200-day moving average is $178.80. Universal Health Services, Inc. has a 12 month low of $152.33 and a 12 month high of $243.25. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.64.
Universal Health Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. Universal Health Services’s dividend payout ratio (DPR) is presently 4.21%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on UHS shares. Barclays boosted their price objective on shares of Universal Health Services from $257.00 to $259.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Universal Health Services from $201.00 to $206.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 19th. UBS Group set a $227.00 price objective on shares of Universal Health Services in a research report on Wednesday, July 30th. Bank of America lowered shares of Universal Health Services from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $215.00 to $185.00 in a research note on Wednesday, July 16th. Finally, Robert W. Baird reduced their target price on shares of Universal Health Services from $243.00 to $203.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $214.77.
Get Our Latest Stock Analysis on UHS
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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