Several other research analysts also weighed in on the stock. BMO Capital Markets downgraded Universal Health Services shares from a market performing rating to an underperforming rating and lowered its price target for the stock from $133.00 to $90.00 in a note research on Wednesday, July 6. Royal Bank of Canada cut its price target on Universal Health Services shares from $130.00 to $114.00 and issued a hold rating on the stock in a Wednesday, July 27 research note. SVB Leerink raised its price target on Universal Health Services stock from $103.00 to $111.00 and gave the stock a stock performance rating in a Thursday, July 28 research note. StockNews.com downgraded shares of Universal Health Services from a buy rating to a hold rating in a research note on Friday, April 29. Finally, Goldman Sachs Group cut its price target on Universal Health Services stock from $125.00 to $110.00 and placed a sell rating on the stock in a Tuesday, July 12 research note. Five analysts rated the stock with a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $122.14.
Stock of universal health services down 2.0%
Shares of NYSE UHS opened at $110.25 on Friday. The company has a market capitalization of $8.25 billion, a PE ratio of 11.23, a growth price-earnings ratio of 3.61 and a beta of 1.18. The company has a current ratio of 1.22, a quick ratio of 1.12 and a debt ratio of 0.78. Universal Health Services has a 1-year minimum of $98.63 and a 1-year maximum of $162.23. The company’s 50-day moving average is $110.53 and its 200-day moving average is $127.98.
Universal health services (NYSE: UHS – Get a rating) last released its results on Monday, July 25. The healthcare service provider reported earnings per share (EPS) of $2.20 for the quarter, beating the consensus estimate of $2.10 by $0.10. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.88%. The company posted revenue of $3.32 billion for the quarter, versus analyst estimates of $3.27 billion. In the same quarter last year, the company achieved EPS of $3.76. The company’s revenue for the quarter increased 3.9% year over year. Stock analysts expect Universal Health Services to post EPS of 9.9 for the current year.
Announcing the Universal Health Services Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.20. The ex-dividend date is Wednesday, August 31. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.73%. Universal Health Services’ dividend payout ratio (DPR) is currently 8.15%.
Institutional trade in universal health services
A number of hedge funds and other institutional investors have recently changed their positions in UHS. Nuance Investments LLC increased its holdings of Universal Health Services stock by 150.6% in the fourth quarter. Nuance Investments LLC now owns 1,750,343 shares of the healthcare provider valued at $226,949,000 after buying an additional 1,051,850 shares in the last quarter. First Eagle Investment Management LLC increased its holdings of Universal Health Services stock by 14.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,099,131 shares of the healthcare provider valued at $531,493,000 after buying an additional 502,100 shares in the last quarter. National Bank of Canada FI increased its holdings of Universal Health Services shares by 4,969.3% in the second quarter. National Bank of Canada FI now owns 511,950 shares of the healthcare provider valued at $51,636,000 after buying an additional 501,851 shares in the last quarter. Invesco Ltd. increased its stake in Universal Health Services by 9.2% during the fourth quarter. Invesco Ltd. now owns 3,811,217 shares of the healthcare service provider worth $494,162,000 after purchasing an additional 321,368 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Universal Health Services by 15.6% during the fourth quarter. American Century Companies Inc. now owns 2,269,854 shares of the healthcare provider worth $294,310,000 after acquiring 307,066 additional shares last quarter. 89.41% of the shares are currently held by institutional investors and hedge funds.
About Universal Health Services
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.
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