Bank of New York Mellon Corp Trims Holdings in Universal Health Services, Inc. $UHS

Bank of New York Mellon Corp decreased its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 19.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 392,353 shares of the health services provider’s stock after selling 95,412 shares during the quarter. Bank of New York Mellon Corp’s holdings in Universal Health Services were worth $85,541,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Universal Health Services during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. raised its position in Universal Health Services by 320.0% in the third quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 96 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Universal Health Services in the fourth quarter valued at $26,000. Founders Capital Management purchased a new stake in Universal Health Services in the fourth quarter valued at $28,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Universal Health Services in the second quarter valued at $29,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Universal Health Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley reduced 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. Raymond James Financial downgraded Universal Health Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Stephens reduced their target price on Universal Health Services from $235.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Finally, Robert W. Baird reduced their target price on Universal Health Services from $241.00 to $204.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Universal Health Services presently has an average rating of “Hold” and a consensus price target of $218.63.

Universal Health Services Trading Down 1.7%

UHS opened at $142.73 on Tuesday. Universal Health Services, Inc. has a 12 month low of $140.08 and a 12 month high of $246.32. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.01. The business has a fifty day moving average price of $168.84 and a 200 day moving average price of $198.54.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $0.21. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.84 EPS. Sell-side analysts expect that Universal Health Services, Inc. will post 23.47 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 8th. Universal Health Services’s payout ratio is 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.