Bank of New York Mellon Corp Reduces Stock Holdings in Universal Health Services, Inc. $UHS

Bank of New York Mellon Corp reduced its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 479,456 shares of the health services provider’s stock after selling 25,348 shares during the quarter. Bank of New York Mellon Corp’s holdings in Universal Health Services were worth $86,854,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UHS. Wealth Enhancement Advisory Services LLC increased its stake in 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 buying an additional 1,430 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Universal Health Services by 5.4% in the first quarter. Brown Advisory Inc. now owns 5,152 shares of the health services provider’s stock valued at $968,000 after acquiring an additional 264 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Universal Health Services by 102.4% in the second quarter. QRG Capital Management Inc. now owns 4,820 shares of the health services provider’s stock worth $873,000 after acquiring an additional 2,438 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Universal Health Services by 20.0% in the first quarter. Envestnet Asset Management Inc. now owns 80,408 shares of the health services provider’s stock worth $15,109,000 after acquiring an additional 13,413 shares during the period. Finally, Cresset Asset Management LLC purchased a new stake in shares of Universal Health Services during the first quarter worth about $265,000. Institutional investors own 86.05% of the company’s stock.

Insider Activity

In other news, Director Elliot J. Md Mba Sussman sold 965 shares of Universal Health Services stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $225.70, for a total value of $217,800.50. Following the completion of the transaction, the director owned 6,113 shares in the company, valued at approximately $1,379,704.10. The trade was a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on UHS. Bank of America cut Universal Health Services from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $215.00 to $185.00 in a report on Wednesday, July 16th. Weiss Ratings raised shares of Universal Health Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. UBS Group set a $231.00 target price on shares of Universal Health Services in a research report on Thursday, October 30th. Morgan Stanley set a $233.00 price target on shares of Universal Health Services in a report on Wednesday, October 29th. Finally, Mizuho set a $242.00 price objective on shares of Universal Health Services in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $233.20.

Universal Health Services Stock Performance

Shares of NYSE:UHS opened at $229.07 on Friday. The firm has a fifty day simple moving average of $202.22 and a two-hundred day simple moving average of $186.90. Universal Health Services, Inc. has a 52 week low of $152.33 and a 52 week high of $229.76. The company has a quick ratio of 1.19, a current ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $14.58 billion, a P/E ratio of 10.88, a PEG ratio of 0.80 and a beta of 1.33.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, October 28th. The health services provider reported $5.69 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $1.03. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.32 billion. Universal Health Services had a net margin of 8.09% and a return on equity of 19.47%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.71 EPS. On average, analysts expect that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Profile

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.