Axa raised its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,820 shares of the health services provider’s stock after buying an additional 804 shares during the quarter. Axa owned about 0.08% of Universal Health Services worth $9,047,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in Universal Health Services by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 986,476 shares of the health services provider’s stock worth $111,593,000 after buying an additional 3,488 shares in the last quarter. Burney Co. boosted its holdings in shares of Universal Health Services by 1.7% in the 4th quarter. Burney Co. now owns 82,532 shares of the health services provider’s stock worth $9,355,000 after purchasing an additional 1,401 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Universal Health Services by 8.5% in the 4th quarter. Amalgamated Bank now owns 10,824 shares of the health services provider’s stock worth $1,227,000 after purchasing an additional 845 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Universal Health Services in the 4th quarter worth about $2,696,000. Finally, Tavio Capital LLC boosted its holdings in shares of Universal Health Services by 15.8% in the 4th quarter. Tavio Capital LLC now owns 236,979 shares of the health services provider’s stock worth $26,862,000 after purchasing an additional 32,282 shares in the last quarter. Institutional investors and hedge funds own 87.57% of the company’s stock.
A number of equities analysts have recently issued reports on UHS shares. Zacks Investment Research cut Universal Health Services from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Wells Fargo & Co started coverage on Universal Health Services in a report on Tuesday, January 30th. They issued an “outperform” rating and a $144.00 price objective for the company. Credit Suisse Group reiterated an “outperform” rating and issued a $135.00 price objective (up from $125.00) on shares of Universal Health Services in a report on Tuesday, December 19th. Citigroup upgraded Universal Health Services from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Goldman Sachs Group started coverage on Universal Health Services in a report on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $133.40.
Universal Health Services (NYSE:UHS) last issued its earnings results on Wednesday, February 28th. The health services provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.16. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Universal Health Services had a return on equity of 15.06% and a net margin of 7.23%. Universal Health Services’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. equities analysts predict that Universal Health Services, Inc. will post 9.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Wednesday, February 28th. Universal Health Services’s dividend payout ratio is presently 5.34%.
Universal Health Services announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 15th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the health services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Universal Health Services 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.
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