State Board of Administration of Florida Retirement System decreased its stake in Universal Health Services, Inc. (NYSE:UHS) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 120,131 shares of the health services provider’s stock after selling 1,310 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Universal Health Services were worth $16,070,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in UHS. Oregon Public Employees Retirement Fund boosted its position in shares of Universal Health Services by 11,078.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,222,767 shares of the health services provider’s stock valued at $28,000 after purchasing an additional 3,193,937 shares during the period. JPMorgan Chase & Co. boosted 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 acquiring an additional 1,196,760 shares during the period. Norges Bank acquired a new stake in Universal Health Services during the 4th quarter worth about $112,140,000. FMR LLC boosted its position in Universal Health Services by 19.5% during the 4th quarter. FMR LLC now owns 5,178,138 shares of the health services provider’s stock worth $603,564,000 after acquiring an additional 844,173 shares during the period. Finally, BlackRock Inc. boosted 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 acquiring an additional 382,566 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.
UHS opened at $122.54 on Thursday. Universal Health Services, Inc. has a fifty-two week low of $109.37 and a fifty-two week high of $142.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 1.09. The stock has a market cap of $13.33 billion, a PE ratio of 12.86, a PEG ratio of 1.12 and a beta of 1.06.
Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Thursday, April 25th. The health services provider reported $2.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.62 by ($0.17). Universal Health Services had a return on equity of 16.21% and a net margin of 7.26%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $2.45 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Universal Health Services, Inc. will post 9.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. Universal Health Services’s payout ratio is 4.20%.
UHS has been the subject of a number of research reports. Wells Fargo & Co raised their price objective on Universal Health Services from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Zacks Investment Research lowered Universal Health Services from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Mizuho set a $150.00 price target on Universal Health Services and gave the stock a “buy” rating in a research note on Thursday, February 28th. Deutsche Bank raised their price target on Universal Health Services from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, UBS Group raised their price target on Universal Health Services from $156.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Universal Health Services presently has an average rating of “Hold” and a consensus price target of $144.20.
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Universal Health Services 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.
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