Allspring Global Investments Holdings LLC Reduces Stake in Universal Health Services, Inc. $UHS

Allspring Global Investments Holdings LLC lowered its position in Universal Health Services, Inc. (NYSE:UHS) by 51.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,191 shares of the health services provider’s stock after selling 28,932 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Universal Health Services were worth $4,838,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UHS. NewEdge Advisors LLC increased its stake in Universal Health Services by 2.7% during the first quarter. NewEdge Advisors LLC now owns 2,665 shares of the health services provider’s stock worth $501,000 after purchasing an additional 69 shares during the period. United Services Automobile Association acquired a new position in Universal Health Services in the first quarter valued at approximately $235,000. Focus Partners Wealth grew its position in shares of Universal Health Services by 80.6% in the 1st quarter. Focus Partners Wealth now owns 2,631 shares of the health services provider’s stock valued at $494,000 after buying an additional 1,174 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Universal Health Services by 95.0% in the second quarter. EverSource Wealth Advisors LLC now owns 583 shares of the health services provider’s stock valued at $106,000 after buying an additional 284 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Universal Health Services during the second quarter worth about $379,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on UHS shares. UBS Group reaffirmed a “buy” rating on shares of Universal Health Services in a report on Friday, May 29th. Morgan Stanley decreased their target price on Universal Health Services from $233.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings cut Universal Health Services from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Guggenheim lowered their price objective on shares of Universal Health Services from $211.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Mizuho dropped their target price on shares of Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Universal Health Services currently has an average rating of “Hold” and a consensus target price of $213.73.

Universal Health Services Stock Up 3.1%

UHS stock opened at $155.96 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $150.58 and a 200-day simple moving average of $179.85. The company has a market capitalization of $9.44 billion, a P/E ratio of 6.50, a PEG ratio of 0.81 and a beta of 1.07. Universal Health Services, Inc. has a twelve month low of $140.08 and a twelve month high of $246.32.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating the consensus estimate of $5.41 by $0.21. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.39 billion. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.Universal Health Services’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.84 earnings per share. On average, equities research analysts predict that Universal Health Services, Inc. will post 23.44 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 1st. Universal Health Services’s dividend payout ratio 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.