3,820 Shares in Universal Health Services, Inc. (UHS) Purchased by Oak Point Wealth Management

Oak Point Wealth Management purchased a new stake in Universal Health Services, Inc. (NYSE:UHS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,820 shares of the health services provider’s stock, valued at approximately $432,000.

Several other large investors also recently added to or reduced their stakes in UHS. Schwab Charles Investment Management Inc. boosted its position in shares of Universal Health Services by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 304,135 shares of the health services provider’s stock valued at $37,129,000 after purchasing an additional 22,168 shares during the period. Victory Capital Management Inc. boosted its position in shares of Universal Health Services by 16.2% in the 2nd quarter. Victory Capital Management Inc. now owns 11,327 shares of the health services provider’s stock valued at $1,383,000 after purchasing an additional 1,581 shares during the period. Pacer Advisors Inc. boosted its position in shares of Universal Health Services by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,845 shares of the health services provider’s stock valued at $225,000 after purchasing an additional 145 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Universal Health Services in the 2nd quarter valued at $211,000. Finally, State of Tennessee Treasury Department boosted its position in shares of Universal Health Services by 0.3% in the 2nd quarter. State of Tennessee Treasury Department now owns 24,454 shares of the health services provider’s stock valued at $2,985,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

A number of equities research analysts have commented on UHS shares. Royal Bank of Canada restated a “buy” rating and set a $126.00 price objective on shares of Universal Health Services in a research report on Friday, October 27th. Leerink Swann raised their price objective on Universal Health Services from $130.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, September 22nd. Citigroup decreased their price objective on Universal Health Services from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Credit Suisse Group decreased their price objective on Universal Health Services from $126.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Universal Health Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Universal Health Services has an average rating of “Buy” and an average price target of $130.50.

Shares of Universal Health Services, Inc. (NYSE UHS) opened at $110.79 on Wednesday. The company has a market capitalization of $10,460.00, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26. Universal Health Services, Inc. has a 1 year low of $95.26 and a 1 year high of $129.74.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.27). The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. equities analysts predict that Universal Health Services, Inc. will post 7.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Universal Health Services’s dividend payout ratio is 5.50%.

Universal Health Services announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 15th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the health services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.themarketsdaily.com/2018/01/10/3820-shares-in-universal-health-services-inc-uhs-purchased-by-oak-point-wealth-management.html.

Universal Health Services Company Profile

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.

Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHS).

Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply