Vanguard Group Inc. lessened its holdings in Universal Health Services, Inc. (NYSE:UHS) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,307,012 shares of the health services provider’s stock after selling 4,640 shares during the period. Vanguard Group Inc. owned about 0.10% of Universal Health Services worth $1,216,396,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of UHS. FMR LLC increased its position in shares of Universal Health Services by 2.6% in the 2nd quarter. FMR LLC now owns 4,033,433 shares of the health services provider’s stock worth $590,615,000 after purchasing an additional 101,955 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Universal Health Services by 1.6% during the 1st quarter. First Eagle Investment Management LLC now owns 3,066,328 shares of the health services provider’s stock valued at $409,017,000 after purchasing an additional 48,466 shares during the period. Boston Partners boosted its stake in Universal Health Services by 1.7% during the 2nd quarter. Boston Partners now owns 1,969,861 shares of the health services provider’s stock valued at $288,477,000 after purchasing an additional 32,887 shares during the period. Dimensional Fund Advisors LP boosted its stake in Universal Health Services by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,481,030 shares of the health services provider’s stock valued at $216,863,000 after purchasing an additional 40,779 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Universal Health Services by 7.0% during the 1st quarter. Geode Capital Management LLC now owns 1,373,678 shares of the health services provider’s stock worth $182,803,000 after buying an additional 90,072 shares in the last quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.
NYSE:UHS opened at $129.05 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $146.82 and a 200 day simple moving average of $149.71. Universal Health Services, Inc. has a 1-year low of $103.35 and a 1-year high of $165.00. The stock has a market capitalization of $10.73 billion, a PE ratio of 10.21, a P/E/G ratio of 1.87 and a beta of 1.20.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, August 31st. Universal Health Services’s dividend payout ratio (DPR) is presently 7.19%.
Universal Health Services declared that its Board of Directors has approved a stock buyback program on Monday, July 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the health services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
UHS has been the topic of a number of research reports. Cowen started coverage on shares of Universal Health Services in a report on Thursday, September 9th. They issued an “outperform” rating and a $169.00 target price on the stock. SVB Leerink began coverage on shares of Universal Health Services in a research report on Monday, September 27th. They set a “market perform” rating and a $140.00 price objective on the stock. Citigroup boosted their price objective on shares of Universal Health Services from $170.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. UBS Group began coverage on shares of Universal Health Services in a research report on Thursday, September 23rd. They issued a “sell” rating and a $136.00 target price for the company. Finally, Mizuho boosted their target price on shares of Universal Health Services from $168.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Universal Health Services currently has an average rating of “Hold” and a consensus price target of $155.71.
In related news, Director Lawrence S. Gibbs sold 314 shares of the business’s stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $160.00, for a total value of $50,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is owned by insiders.
Universal Health Services 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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