Universal Health Services, Inc. (NYSE:UHS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Universal Health Services, Inc. (NYSE:UHSFree Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 19,549 shares of the health services provider’s stock after selling 1,310 shares during the quarter. State of Alaska Department of Revenue’s holdings in Universal Health Services were worth $2,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UHS. Bessemer Group Inc. lifted its position in Universal Health Services by 76.4% during the 4th quarter. Bessemer Group Inc. now owns 187 shares of the health services provider’s stock worth $26,000 after acquiring an additional 81 shares during the period. Belpointe Asset Management LLC lifted its position in Universal Health Services by 45.4% during the 1st quarter. Belpointe Asset Management LLC now owns 253 shares of the health services provider’s stock worth $32,000 after acquiring an additional 79 shares during the period. EverSource Wealth Advisors LLC lifted its position in Universal Health Services by 42.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock worth $34,000 after acquiring an additional 80 shares during the period. PCA Investment Advisory Services Inc. acquired a new stake in Universal Health Services during the 2nd quarter worth about $46,000. Finally, Ancora Advisors LLC raised its stake in shares of Universal Health Services by 33.3% during the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Transactions at Universal Health Services

In other news, CFO Steve Filton sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the transaction, the chief financial officer now directly owns 68,785 shares in the company, valued at approximately $12,162,563.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UHS shares. Wells Fargo & Company lifted their price objective on Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. TD Cowen lifted their price objective on Universal Health Services from $140.00 to $181.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Barclays started coverage on Universal Health Services in a research note on Wednesday, March 6th. They set an “equal weight” rating and a $181.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Universal Health Services from $170.00 to $189.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com upgraded Universal Health Services from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.29.

View Our Latest Analysis on Universal Health Services

Universal Health Services Price Performance

NYSE:UHS opened at $173.74 on Thursday. Universal Health Services, Inc. has a 12 month low of $119.90 and a 12 month high of $183.61. The stock has a 50 day moving average of $169.07 and a two-hundred day moving average of $148.89. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 0.77. The firm has a market cap of $11.68 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24.

Universal Health Services (NYSE:UHSGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The health services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $3.02 by $0.11. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.66 billion. Universal Health Services had a return on equity of 12.08% and a net margin of 5.03%. Universal Health Services’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.02 EPS. On average, analysts expect that Universal Health Services, Inc. will post 13.39 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Thursday, February 29th. Universal Health Services’s dividend payout ratio is currently 7.80%.

Universal Health Services Profile

(Free Report)

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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