Corient Private Wealth LP Trims Position in Universal Health Services, Inc. $UHS

Corient Private Wealth LP lowered its holdings in Universal Health Services, Inc. (NYSE:UHS) by 68.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,134 shares of the health services provider’s stock after selling 79,187 shares during the period. Corient Private Wealth LP’s holdings in Universal Health Services were worth $5,373,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Corient Private Wealth LLC increased its holdings in shares of Universal Health Services by 51.4% during the 4th quarter. Corient Private Wealth LLC now owns 54,975 shares of the health services provider’s stock worth $11,988,000 after buying an additional 18,652 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Universal Health Services by 5.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 119,385 shares of the health services provider’s stock worth $26,250,000 after purchasing an additional 6,022 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in 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 lifted 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 valued at $26,136,000 after buying an additional 29,717 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake 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 during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Universal Health Services Stock Performance

Shares of Universal Health Services stock opened at $170.64 on Tuesday. The firm has a market cap of $10.06 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. Universal Health Services, Inc. has a 1 year low of $140.08 and a 1 year high of $246.32. The firm’s 50-day simple moving average is $161.69 and its 200-day simple moving average is $173.11. 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 (NYSE:UHS) last announced its quarterly earnings data on Tuesday, July 28th. The health services provider reported $5.98 earnings per share for the quarter, beating the consensus estimate of $5.94 by $0.04. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the company earned $5.35 earnings per share. Universal Health Services’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that Universal Health Services, Inc. will post 23.01 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Health Services’s dividend payout ratio is currently 3.26%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UHS. Guggenheim lowered their price target on Universal Health Services from $195.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Barclays lowered their target price on Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $183.00 price objective on shares of Universal Health Services in a research report on Thursday, August 20th. Cantor Fitzgerald reissued a “neutral” rating and set a $194.00 target price on shares of Universal Health Services in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Universal Health Services from $235.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $204.93.

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.