World Asset Management Inc boosted its position in Universal Health Services, Inc. (NYSE:UHS) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,349 shares of the health services provider’s stock after buying an additional 1,018 shares during the period. World Asset Management Inc’s holdings in Universal Health Services were worth $1,163,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Glenview Capital Management LLC purchased a new position in shares of Universal Health Services during the fourth quarter worth $187,539,000. Jana Partners LLC purchased a new position in shares of Universal Health Services during the third quarter worth $156,939,000. Norges Bank purchased a new position in shares of Universal Health Services during the fourth quarter worth $105,923,000. Samlyn Capital LLC purchased a new position in shares of Universal Health Services during the third quarter worth $35,413,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Universal Health Services during the fourth quarter worth $27,679,000. Institutional investors and hedge funds own 84.63% of the company’s stock.
Shares of Universal Health Services, Inc. (NYSE:UHS) traded up 0.92% during midday trading on Friday, hitting $119.51. 226,005 shares of the stock were exchanged. The stock’s 50-day moving average price is $121.87 and its 200-day moving average price is $118.54. Universal Health Services, Inc. has a 1-year low of $99.72 and a 1-year high of $139.46. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 16.31 and a beta of 1.10.
Universal Health Services (NYSE:UHS) last announced its earnings results on Tuesday, April 25th. The health services provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.03. Universal Health Services had a return on equity of 16.35% and a net margin of 7.31%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the firm posted $1.98 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that Universal Health Services, Inc. will post $8.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Tuesday, May 30th. Universal Health Services’s dividend payout ratio is presently 5.63%.
Several research firms have commented on UHS. Deutsche Bank AG began coverage on shares of Universal Health Services in a report on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price objective on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $147.00 price objective on shares of Universal Health Services in a report on Monday, April 17th. Mizuho upgraded shares of Universal Health Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $133.00 to $138.00 in a report on Monday, March 27th. Wolfe Research upgraded shares of Universal Health Services from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $141.40.
In other news, insider Steve Filton sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $123.80, for a total transaction of $1,238,000.00. Following the completion of the sale, the insider now directly owns 257,492 shares of the company’s stock, valued at approximately $31,877,509.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 12.80% of the company’s stock.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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