Principal Financial Group Inc. decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 304,202 shares of the health services provider’s stock after selling 18,912 shares during the period. Principal Financial Group Inc. owned 0.32% of Universal Health Services worth $33,749,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UHS. Janus Henderson Group PLC raised its stake in Universal Health Services by 18,950.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock worth $275,926,000 after acquiring an additional 2,248,333 shares during the period. Wells Fargo & Company MN raised its stake in Universal Health Services by 160.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,445,313 shares of the health services provider’s stock worth $176,443,000 after acquiring an additional 890,490 shares during the period. Renaissance Technologies LLC bought a new stake in Universal Health Services during the 2nd quarter worth approximately $63,140,000. Maverick Capital Ltd. raised its stake in Universal Health Services by 9.6% during the 2nd quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock worth $662,466,000 after acquiring an additional 473,763 shares during the period. Finally, Glenview Capital Management LLC raised its stake in Universal Health Services by 15.1% during the 2nd quarter. Glenview Capital Management LLC now owns 1,973,545 shares of the health services provider’s stock worth $240,930,000 after acquiring an additional 259,081 shares during the period. Institutional investors own 85.14% of the company’s stock.
Universal Health Services, Inc. (UHS) opened at $97.22 on Friday. Universal Health Services, Inc. has a fifty-two week low of $95.26 and a fifty-two week high of $129.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16. The firm has a market cap of $9,278.54, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.21 and a beta of 0.95.
Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.27). Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts predict that Universal Health Services, Inc. will post 7.36 EPS for the current year.
Universal Health Services declared that its board has authorized a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the health services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Thursday, November 30th. Universal Health Services’s dividend payout ratio (DPR) is presently 5.49%.
UHS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $126.00 price objective on shares of Universal Health Services in a report on Friday, October 27th. Leerink Swann increased their price objective on shares of Universal Health Services from $130.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, September 22nd. KeyCorp reaffirmed a “buy” rating and set a $127.00 price objective on shares of Universal Health Services in a report on Thursday, September 7th. Citigroup Inc. cut their price objective on shares of Universal Health Services from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Universal Health Services from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $126.31.
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Universal Health Services 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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