Northwestern Mutual Investment Management Company LLC trimmed its position in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,909 shares of the health services provider’s stock after selling 381 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Universal Health Services were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in UHS. Spire Wealth Management increased its position in Universal Health Services by 131.1% during the 1st quarter. Spire Wealth Management now owns 208 shares of the health services provider’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Parallel Advisors LLC increased its position in Universal Health Services by 50.6% during the 1st quarter. Parallel Advisors LLC now owns 244 shares of the health services provider’s stock valued at $36,000 after purchasing an additional 82 shares during the period. Quent Capital LLC purchased a new position in Universal Health Services during the 4th quarter valued at $43,000. Covestor Ltd purchased a new position in Universal Health Services during the 4th quarter valued at $61,000. Finally, Schroder Investment Management Group increased its position in Universal Health Services by 119.1% during the 4th quarter. Schroder Investment Management Group now owns 4,930 shares of the health services provider’s stock valued at $64,000 after purchasing an additional 2,680 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.
Universal Health Services Stock Performance
Shares of Universal Health Services stock opened at $111.96 on Monday. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 3.60 and a beta of 1.18. The firm’s 50-day moving average is $108.12 and its 200 day moving average is $126.64. Universal Health Services, Inc. has a 1 year low of $98.63 and a 1 year high of $158.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.22 and a quick ratio of 1.12.
Universal Health Services (NYSE:UHS – Get Rating) last posted its earnings results on Monday, July 25th. The health services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.10. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Universal Health Services had a net margin of 5.94% and a return on equity of 12.88%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.76 EPS. Sell-side analysts anticipate that Universal Health Services, Inc. will post 9.9 EPS for the current fiscal year.
Universal Health Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, August 31st. Universal Health Services’s dividend payout ratio is currently 8.15%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on UHS. BMO Capital Markets downgraded shares of Universal Health Services from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, July 6th. SVB Leerink boosted their price objective on shares of Universal Health Services from $103.00 to $111.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. TheStreet cut shares of Universal Health Services from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. Credit Suisse Group set a $135.00 target price on shares of Universal Health Services in a report on Tuesday, July 19th. Finally, The Goldman Sachs Group dropped their target price on shares of Universal Health Services from $125.00 to $110.00 and set a “sell” rating on the stock in a report on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Universal Health Services currently has a consensus rating of “Hold” and an average price target of $123.00.
Universal Health Services Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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.
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