Johnson Investment Counsel Inc. decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,415 shares of the health services provider’s stock after selling 110 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Universal Health Services were worth $1,964,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UHS. Sei Investments Co. increased its holdings in shares of Universal Health Services by 20.0% during the first quarter. Sei Investments Co. now owns 103,581 shares of the health services provider’s stock valued at $13,902,000 after acquiring an additional 17,268 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Universal Health Services during the first quarter valued at approximately $109,000. Geode Capital Management LLC increased its holdings in shares of Universal Health Services by 7.0% during the first quarter. Geode Capital Management LLC now owns 1,373,678 shares of the health services provider’s stock valued at $182,803,000 after acquiring an additional 90,072 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Universal Health Services by 25.1% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 181,400 shares of the health services provider’s stock valued at $24,197,000 after acquiring an additional 36,400 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Universal Health Services by 6.8% during the first quarter. Allianz Asset Management GmbH now owns 58,119 shares of the health services provider’s stock worth $7,752,000 after buying an additional 3,706 shares in the last quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.
Several brokerages recently issued reports on UHS. SVB Leerink began coverage on Universal Health Services in a report on Monday, September 27th. They set a “market perform” rating and a $140.00 price target for the company. Mizuho upped their price target on Universal Health Services from $168.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Seaport Global Securities began coverage on Universal Health Services in a report on Friday, July 9th. They set a “buy” rating and a $170.00 price target for the company. The Goldman Sachs Group downgraded Universal Health Services from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $155.00 to $150.00 in a report on Wednesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Universal Health Services from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $155.71.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Sunday, July 25th. The health services provider reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $1.01. Universal Health Services had a return on equity of 16.97% and a net margin of 8.88%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. As a group, equities analysts expect that Universal Health Services, Inc. will post 12.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. Universal Health Services’s payout ratio is 7.19%.
Universal Health Services declared that its Board of Directors has authorized a share repurchase program on Monday, July 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the health services provider to purchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In related news, Director Lawrence S. Gibbs sold 314 shares of the business’s stock in a transaction on Wednesday, July 28th. The stock was sold at an average price of $160.00, for a total transaction of $50,240.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.40% of the company’s stock.
Universal Health Services Company Profile
Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.
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