BidaskClub cut shares of Universal Health Services, Inc. (NYSE:UHS) from a hold rating to a sell rating in a research note published on Tuesday, August 1st.
Several other equities analysts also recently commented on UHS. Deutsche Bank AG initiated coverage on Universal Health Services in a research report on Tuesday, April 4th. They set a buy rating and a $145.00 target price for the company. Piper Jaffray Companies reiterated an overweight rating and issued a $147.00 price objective on shares of Universal Health Services in a research report on Monday, April 17th. Royal Bank Of Canada cut their price objective on Universal Health Services from $157.00 to $153.00 and set an outperform rating for the company in a research report on Thursday, April 27th. Morgan Stanley initiated coverage on Universal Health Services in a research report on Tuesday, June 6th. They issued an equal weight rating and a $124.00 price objective for the company. Finally, Zacks Investment Research downgraded Universal Health Services from a hold rating to a sell rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $135.90.
Shares of Universal Health Services (NYSE:UHS) traded up 0.76% on Tuesday, reaching $107.99. 765,169 shares of the company’s stock traded hands. Universal Health Services has a 52 week low of $99.72 and a 52 week high of $129.74. The stock’s 50-day moving average price is $115.59 and its 200-day moving average price is $118.77. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.68 and a beta of 1.06.
Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, July 25th. The health services provider reported $1.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by $0.12. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.64 billion. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. Universal Health Services’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 EPS. Equities analysts predict that Universal Health Services will post $7.72 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Universal Health Services’s dividend payout ratio (DPR) is presently 5.44%.
A number of hedge funds and other institutional investors have recently bought and sold shares of UHS. Creative Planning boosted its position in Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock worth $140,000 after buying an additional 17 shares during the last quarter. Grove Bank & Trust boosted its position in Universal Health Services by 262.4% in the second quarter. Grove Bank & Trust now owns 1,196 shares of the health services provider’s stock worth $146,000 after buying an additional 866 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Universal Health Services during the second quarter worth about $150,000. Seven Bridges Advisors LLC acquired a new position in Universal Health Services during the second quarter worth about $158,000. Finally, Stratos Wealth Partners LTD. boosted its position in Universal Health Services by 1.3% in the second quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock worth $201,000 after buying an additional 21 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.
Universal Health Services Company 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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