Jefferies Financial Group Inc. lowered its holdings in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 27.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,400 shares of the health services provider’s stock after selling 8,052 shares during the period. Jefferies Financial Group Inc.’s holdings in Universal Health Services were worth $3,182,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in UHS. Corient Private Wealth LLC increased its position in Universal Health Services by 51.4% during the fourth quarter. Corient Private Wealth LLC now owns 54,975 shares of the health services provider’s stock worth $11,988,000 after acquiring an additional 18,652 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Universal Health Services by 5.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 119,385 shares of the health services provider’s stock valued at $26,250,000 after buying an additional 6,022 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Universal Health Services by 79.8% in the first quarter. Y Intercept Hong Kong Ltd now owns 47,576 shares of the health services provider’s stock valued at $8,515,000 after buying an additional 21,122 shares during the period. Hsbc Holdings PLC grew its position in Universal Health Services by 33.1% during the fourth quarter. Hsbc Holdings PLC now owns 119,561 shares of the health services provider’s stock worth $26,136,000 after buying an additional 29,717 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Universal Health Services by 58.2% during the first quarter. Janney Montgomery Scott LLC now owns 15,961 shares of the health services provider’s stock worth $2,857,000 after buying an additional 5,870 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.
Universal Health Services Price Performance
Shares of UHS opened at $171.87 on Friday. The firm has a market cap of $10.13 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.93 and a beta of 1.05. Universal Health Services, Inc. has a 52-week low of $140.08 and a 52-week high of $246.32. The business’s 50 day moving average price is $161.13 and its two-hundred day moving average price is $173.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12.
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 issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 1st. Universal Health Services’s dividend payout ratio (DPR) is currently 3.26%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Barclays dropped their price objective on Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Guggenheim dropped their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Universal Health Services from $235.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, May 20th. The Goldman Sachs Group decreased their target price on shares of Universal Health Services from $242.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $183.00 price target on shares of Universal Health Services in a report on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.93.
Check Out Our Latest Stock Report on Universal Health Services
Universal Health Services 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.
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