California State Teachers Retirement System decreased its position in Universal Health Services, Inc. (NYSE:UHS) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,498 shares of the health services provider’s stock after selling 1,610 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Universal Health Services worth $17,775,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Universal Health Services by 40.0% in the fourth quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock worth $43,000 after acquiring an additional 104 shares during the last quarter. Doyle Wealth Management purchased a new stake in shares of Universal Health Services in the fourth quarter worth $58,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Universal Health Services in the fourth quarter worth $93,000. Pearl River Capital LLC purchased a new stake in shares of Universal Health Services in the fourth quarter worth $93,000. Finally, Fifth Third Bancorp grew its stake in shares of Universal Health Services by 1,013.4% in the third quarter. Fifth Third Bancorp now owns 1,080 shares of the health services provider’s stock worth $138,000 after acquiring an additional 983 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.
Universal Health Services stock opened at $134.24 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.34. Universal Health Services, Inc. has a one year low of $109.37 and a one year high of $142.21. The firm has a market cap of $14.69 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, February 27th. The health services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02. Universal Health Services had a return on equity of 16.58% and a net margin of 7.24%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm posted $2.00 earnings per share. Universal Health Services’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Universal Health Services, Inc. will post 10 EPS for the current fiscal year.
Universal Health Services announced that its board has approved a stock repurchase plan on Monday, December 17th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the health services provider to purchase up to 4.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Universal Health Services’s dividend payout ratio (DPR) is presently 4.20%.
A number of research firms have recently commented on UHS. Zacks Investment Research cut Universal Health Services from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Robert W. Baird increased their target price on Universal Health Services from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 28th. Barclays increased their target price on Universal Health Services from $130.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. BMO Capital Markets increased their target price on Universal Health Services to $146.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 5th. Finally, Deutsche Bank increased their target price 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Universal Health Services currently has an average rating of “Hold” and a consensus price target of $145.13.
Universal Health Services Company 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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