Universal Health Services, Inc. (NYSE:UHS) announced a quarterly dividend on Friday, January 31st, Wall Street Journal reports. Investors of record on Monday, March 2nd will be given a dividend of 0.20 per share by the health services provider on Monday, March 16th. This represents a $0.80 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, February 28th.
Universal Health Services has raised its dividend payment by an average of 26.0% per year over the last three years and has increased its dividend every year for the last 1 years. Universal Health Services has a dividend payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Health Services to earn $10.63 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 7.5%.
Universal Health Services stock opened at $135.21 on Thursday. Universal Health Services has a fifty-two week low of $117.77 and a fifty-two week high of $157.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.09 and a current ratio of 1.19. The firm has a 50 day moving average price of $142.14 and a 200 day moving average price of $143.81. The company has a market capitalization of $11.87 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 2.07 and a beta of 1.04.
Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, February 26th. The health services provider reported $2.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $0.19. Universal Health Services had a net margin of 6.48% and a return on equity of 15.80%. During the same period in the prior year, the firm posted $2.37 earnings per share. As a group, equities research analysts forecast that Universal Health Services will post 9.83 earnings per share for the current year.
Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Universal Health Services from $159.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Zacks Investment Research downgraded shares of Universal Health Services from a “hold” rating to a “sell” rating and set a $152.00 price target for the company. in a research note on Thursday, December 12th. Finally, Deutsche Bank assumed coverage on shares of Universal Health Services in a research note on Friday, January 3rd. They issued a “buy” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $153.21.
In other news, President Marc D. Miller sold 8,013 shares of Universal Health Services stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $144.51, for a total transaction of $1,157,958.63. Following the completion of the sale, the president now directly owns 186,209 shares of the company’s stock, valued at approximately $26,909,062.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 12.60% of the stock is currently owned by insiders.
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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