Universal Health Services, Inc. $UHS Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in Universal Health Services, Inc. (NYSE:UHS) by 23.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 27,161 shares of the health services provider’s stock after selling 8,453 shares during the quarter. Wellington Management Group LLP’s holdings in Universal Health Services were worth $4,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in Universal Health Services by 2.7% during the first quarter. NewEdge Advisors LLC now owns 2,665 shares of the health services provider’s stock worth $501,000 after buying an additional 69 shares during the period. United Services Automobile Association acquired a new stake in shares of Universal Health Services in the first quarter valued at approximately $235,000. Focus Partners Wealth boosted its holdings in shares of Universal Health Services by 80.6% in the first quarter. Focus Partners Wealth now owns 2,631 shares of the health services provider’s stock valued at $494,000 after acquiring an additional 1,174 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Universal Health Services by 95.0% during the second quarter. EverSource Wealth Advisors LLC now owns 583 shares of the health services provider’s stock worth $106,000 after acquiring an additional 284 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Universal Health Services during the second quarter worth approximately $379,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Universal Health Services Trading Up 2.3%

Shares of UHS opened at $175.81 on Thursday. Universal Health Services, Inc. has a twelve month low of $140.08 and a twelve month high of $246.32. 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 $10.36 billion, a P/E ratio of 7.16, a PEG ratio of 0.93 and a beta of 1.06. The firm’s 50-day moving average is $165.01 and its two-hundred day moving average is $170.01.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.94 by $0.04. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.58 billion. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.35 EPS. On average, research analysts predict that Universal Health Services, Inc. will post 22.96 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. Universal Health Services’s dividend payout ratio (DPR) is 3.26%.

Analyst Ratings Changes

UHS has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of Universal Health Services in a research note on Monday, August 31st. Guggenheim dropped their price target on Universal Health Services from $195.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Barclays reduced their price objective 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. The Goldman Sachs Group lowered their target price on Universal Health Services from $242.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company upped their price target on Universal Health Services from $165.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.