Bank of New York Mellon Corp Reduces Position in Universal Health Services, Inc. $UHS

Bank of New York Mellon Corp trimmed its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 4.7% during the first quarter, HoldingsChannel reports. The fund owned 374,037 shares of the health services provider’s stock after selling 18,316 shares during the quarter. Bank of New York Mellon Corp’s holdings in Universal Health Services were worth $66,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UHS. Elyxium Wealth LLC acquired a new stake in shares of Universal Health Services in the fourth quarter worth approximately $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Universal Health Services in the fourth quarter valued at $26,000. Founders Capital Management acquired a new position in Universal Health Services in the 4th quarter worth approximately $28,000. Larson Financial Group LLC lifted its position in shares of Universal Health Services by 302.9% in the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider’s stock worth $31,000 after purchasing an additional 106 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Universal Health Services in the second quarter valued at about $29,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UHS shares. TD Cowen dropped their price target on shares of Universal Health Services from $230.00 to $197.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Stephens decreased their price target on Universal Health Services from $235.00 to $205.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Raymond James Financial lowered Universal Health Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Guggenheim cut their target price on shares of Universal Health Services from $211.00 to $195.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Universal Health Services from $165.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Universal Health Services presently has an average rating of “Hold” and a consensus price target of $213.73.

Universal Health Services Stock Down 0.4%

Shares of NYSE UHS opened at $149.35 on Thursday. The stock’s fifty day moving average is $151.22 and its 200 day moving average is $180.50. The stock has a market capitalization of $9.04 billion, a P/E ratio of 6.22, a PEG ratio of 0.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08. Universal Health Services, Inc. has a 52 week low of $140.08 and a 52 week high of $246.32.

Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $0.21. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.84 earnings per share. Sell-side analysts forecast that Universal Health Services, Inc. will post 23.44 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services’s dividend payout ratio (DPR) is presently 3.33%.

About Universal Health Services

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.