Royal Bank of Canada Reduces Stock Position in Universal Health Services, Inc. $UHS

Royal Bank of Canada cut its holdings in Universal Health Services, Inc. (NYSE:UHS) by 29.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,859 shares of the health services provider’s stock after selling 34,827 shares during the quarter. Royal Bank of Canada owned approximately 0.14% of Universal Health Services worth $15,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in UHS. Elyxium Wealth LLC purchased a new position in shares of Universal Health Services during the 4th quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in Universal Health Services by 302.9% in the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider’s stock worth $31,000 after buying an additional 106 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Universal Health Services in the 2nd quarter valued at approximately $29,000. Brown Brothers Harriman & Co. boosted its position in shares of Universal Health Services by 94.0% during the third quarter. Brown Brothers Harriman & Co. now owns 163 shares of the health services provider’s stock valued at $33,000 after buying an additional 79 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Universal Health Services during the 2nd quarter valued at about $31,000. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Cowen dropped their price target on Universal Health Services from $230.00 to $197.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Barclays dropped their price target on shares of Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Guggenheim dropped their price objective on Universal Health Services from $195.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Royal Bank Of Canada cut their target price on shares of Universal Health Services from $190.00 to $183.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Universal Health Services from $261.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $204.93.

Universal Health Services Stock Up 2.2%

Shares of UHS opened at $173.43 on Friday. The firm has a fifty day moving average price of $152.46 and a 200-day moving average price of $177.03. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $10.50 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.93 and a beta of 1.05. Universal Health Services, Inc. has a 12-month low of $140.08 and a 12-month high of $246.32.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, topping the consensus estimate of $5.94 by $0.04. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm posted $5.35 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts expect that Universal Health Services, Inc. will post 23.15 earnings per share for the current year.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Universal Health Services’s dividend payout ratio (DPR) is 3.26%.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.