1ST Source Bank Buys New Stake in Universal Health Services, Inc. (NYSE:UHS)

1ST Source Bank purchased a new stake in Universal Health Services, Inc. (NYSE:UHS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 890 shares of the health services provider’s stock, valued at approximately $204,000.

Several other large investors also recently bought and sold shares of UHS. Financial Management Professionals Inc. acquired a new stake in shares of Universal Health Services in the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its stake in Universal Health Services by 1,284.6% in the second quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock valued at $33,000 after buying an additional 167 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Universal Health Services in the second quarter valued at approximately $35,000. True Wealth Design LLC purchased a new position in shares of Universal Health Services during the third quarter worth approximately $39,000. Finally, Huntington National Bank increased its holdings in shares of Universal Health Services by 414.3% in the 3rd quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock valued at $41,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UHS shares. Robert W. Baird increased their price objective on Universal Health Services from $236.00 to $274.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lowered their price objective on shares of Universal Health Services from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. KeyCorp assumed coverage on shares of Universal Health Services in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Bank of America initiated coverage on shares of Universal Health Services in a report on Wednesday, November 6th. They issued a “neutral” rating and a $223.00 target price on the stock. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $219.00 price target on shares of Universal Health Services in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Universal Health Services presently has an average rating of “Moderate Buy” and an average target price of $225.50.

Universal Health Services Stock Up 0.5 %

Universal Health Services stock opened at $187.40 on Friday. The firm’s 50 day moving average price is $207.54 and its two-hundred day moving average price is $208.13. The firm has a market cap of $12.36 billion, a PE ratio of 12.46, a P/E/G ratio of 0.61 and a beta of 1.28. Universal Health Services, Inc. has a twelve month low of $147.33 and a twelve month high of $243.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the firm posted $2.55 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts predict that Universal Health Services, Inc. will post 15.88 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Tuesday, December 3rd. Universal Health Services’s dividend payout ratio is currently 5.32%.

Insider Transactions at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,614 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total value of $308,516.10. Following the completion of the sale, the director now owns 5,879 shares in the company, valued at approximately $1,123,770.85. This trade represents a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.10% of the company’s stock.

About Universal Health Services

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