State of Alaska Department of Revenue Buys 39,114 Shares of Universal Health Services, Inc. (NYSE:UHS)

State of Alaska Department of Revenue increased its stake in Universal Health Services, Inc. (NYSE:UHS) by 139.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,153 shares of the health services provider’s stock after purchasing an additional 39,114 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of Universal Health Services worth $9,988,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Nuveen Asset Management LLC increased its stake in Universal Health Services by 4,450.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 486,572 shares of the health services provider’s stock worth $63,444,000 after buying an additional 475,880 shares in the last quarter. Marshall Wace North America L.P. increased its stake in Universal Health Services by 167.1% in the 1st quarter. Marshall Wace North America L.P. now owns 742,994 shares of the health services provider’s stock worth $99,390,000 after buying an additional 464,789 shares in the last quarter. APG Asset Management N.V. increased its stake in Universal Health Services by 35.1% in the 2nd quarter. APG Asset Management N.V. now owns 1,630,747 shares of the health services provider’s stock worth $186,717,000 after buying an additional 423,960 shares in the last quarter. AQR Capital Management LLC increased its stake in Universal Health Services by 37.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,084,982 shares of the health services provider’s stock worth $139,496,000 after buying an additional 293,589 shares in the last quarter. Finally, LSV Asset Management increased its stake in Universal Health Services by 27.2% in the 2nd quarter. LSV Asset Management now owns 1,250,161 shares of the health services provider’s stock worth $163,008,000 after buying an additional 266,953 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Shares of Universal Health Services stock traded up $0.76 during trading on Friday, reaching $146.13. 535,742 shares of the stock traded hands, compared to its average volume of 698,888. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.78 and a beta of 1.07. The business has a fifty day simple moving average of $147.55 and a two-hundred day simple moving average of $134.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.27 and a quick ratio of 1.17. Universal Health Services, Inc. has a 52-week low of $112.79 and a 52-week high of $157.79.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Thursday, July 25th. The health services provider reported $2.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.27. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Universal Health Services had a return on equity of 16.41% and a net margin of 7.25%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.47 earnings per share. On average, research analysts predict that Universal Health Services, Inc. will post 10.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.20 per share. This is a positive change from Universal Health Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. Universal Health Services’s dividend payout ratio (DPR) is presently 8.39%.

In other news, EVP Marvin G. Pember sold 16,693 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $149.54, for a total transaction of $2,496,271.22. Following the completion of the transaction, the executive vice president now owns 83,379 shares in the company, valued at $12,468,495.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert H. Hotz sold 7,309 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $148.01, for a total value of $1,081,805.09. Following the transaction, the director now owns 67,715 shares of the company’s stock, valued at approximately $10,022,497.15. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.

A number of equities research analysts have issued reports on the company. UBS Group reiterated a “buy” rating and issued a $151.00 price target on shares of Universal Health Services in a research note on Friday, June 7th. Bank of America increased their price target on Universal Health Services from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays set a $145.00 price target on Universal Health Services and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded Universal Health Services from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Monday, September 2nd. Finally, Royal Bank of Canada increased their price target on Universal Health Services to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Universal Health Services has an average rating of “Buy” and a consensus target price of $149.53.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

Featured Article: How is inflation measured?

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.