Universal Health Services, Inc. (NYSE:UHS) announced a quarterly dividend on Wednesday, July 19th, RTT News reports. Stockholders of record on Friday, September 1st will be given a dividend of 0.10 per share by the health services provider on Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%.

Universal Health Services has raised its dividend payment by an average of 26.0% annually over the last three years. Universal Health Services has a dividend payout ratio of 5.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Health Services to earn $8.69 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 4.6%.

Universal Health Services (UHS) traded up 0.18% during midday trading on Wednesday, hitting $123.68. 535,575 shares of the stock traded hands. Universal Health Services has a one year low of $99.72 and a one year high of $138.77. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 16.88 and a beta of 1.08. The company has a 50-day moving average price of $117.83 and a 200 day moving average price of $118.93.

Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, April 25th. The health services provider reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.03. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.65 billion. Universal Health Services had a net margin of 7.23% and a return on equity of 15.99%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.98 EPS. Equities research analysts anticipate that Universal Health Services will post $8.00 earnings per share for the current year.

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Several research analysts have issued reports on UHS shares. Mizuho raised shares of Universal Health Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $133.00 to $138.00 in a research report on Monday, March 27th. Deutsche Bank AG started coverage on shares of Universal Health Services in a research report on Tuesday, April 4th. They set a “buy” rating and a $145.00 price objective on the stock. Piper Jaffray Companies reissued an “overweight” rating and set a $147.00 price objective on shares of Universal Health Services in a research report on Monday, April 17th. Royal Bank Of Canada lowered their price objective on shares of Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, April 27th. Finally, Morgan Stanley started coverage on shares of Universal Health Services in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $124.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $141.45.

Universal Health Services Company Profile

Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.

Dividend History for Universal Health Services (NYSE:UHS)

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