Public Employees Retirement System of Ohio Acquires 7,540 Shares of Universal Health Services, Inc. (UHS)

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Public Employees Retirement System of Ohio boosted its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,874 shares of the health services provider’s stock after acquiring an additional 7,540 shares during the period. Public Employees Retirement System of Ohio’s holdings in Universal Health Services were worth $4,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of UHS. Vanguard Group Inc boosted its holdings in shares of Universal Health Services by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 9,103,260 shares of the health services provider’s stock valued at $1,163,759,000 after buying an additional 31,744 shares in the last quarter. BlackRock Inc. raised its position in Universal Health Services by 6.3% during the 4th quarter. BlackRock Inc. now owns 6,473,221 shares of the health services provider’s stock worth $754,517,000 after buying an additional 382,566 shares during the last quarter. JPMorgan Chase & Co. raised its position in Universal Health Services by 57.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,279,863 shares of the health services provider’s stock worth $419,298,000 after buying an additional 1,196,760 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Universal Health Services by 11,078.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,222,767 shares of the health services provider’s stock worth $28,000 after buying an additional 3,193,937 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in Universal Health Services by 4.4% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,322,816 shares of the health services provider’s stock worth $169,109,000 after buying an additional 55,453 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co lifted their target price on shares of Universal Health Services from $147.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Zacks Investment Research lowered shares of Universal Health Services from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Mizuho set a $150.00 target price on shares of Universal Health Services and gave the company a “buy” rating in a report on Thursday, February 28th. Deutsche Bank lifted their target price on shares of Universal Health Services from $140.00 to $160.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, UBS Group lifted their target price on shares of Universal Health Services from $156.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $145.13.

NYSE UHS opened at $134.25 on Thursday. Universal Health Services, Inc. has a 52 week low of $109.37 and a 52 week high of $142.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.34. The firm has a market cap of $14.63 billion, a PE ratio of 14.09, a P/E/G ratio of 1.23 and a beta of 1.11.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Wednesday, February 27th. The health services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.34 by $0.03. Universal Health Services had a return on equity of 16.58% and a net margin of 7.24%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Universal Health Services, Inc. will post 10.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Universal Health Services’s dividend payout ratio is presently 4.20%.

Universal Health Services announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 17th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the health services provider to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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About Universal Health Services

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.

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

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