Texas Permanent School Fund Reduces Stake in Universal Health Services, Inc. (UHS)

Texas Permanent School Fund trimmed its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,924 shares of the health services provider’s stock after selling 568 shares during the period. Texas Permanent School Fund’s holdings in Universal Health Services were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Universal Health Services by 1.6% in the 2nd quarter. Nordea Investment Management AB now owns 3,705 shares of the health services provider’s stock valued at $452,000 after acquiring an additional 57 shares during the period. Sentry Investment Management LLC increased its position in Universal Health Services by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 6,848 shares of the health services provider’s stock valued at $836,000 after acquiring an additional 72 shares during the period. OxFORD Asset Management LLP increased its position in Universal Health Services by 6.1% in the 2nd quarter. OxFORD Asset Management LLP now owns 7,825 shares of the health services provider’s stock valued at $955,000 after acquiring an additional 453 shares during the period. Breton Hill Capital Ltd. increased its position in Universal Health Services by 7.1% in the 3rd quarter. Breton Hill Capital Ltd. now owns 7,506 shares of the health services provider’s stock valued at $833,000 after acquiring an additional 499 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Universal Health Services by 8.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,187 shares of the health services provider’s stock valued at $797,000 after acquiring an additional 544 shares during the period. Institutional investors and hedge funds own 86.11% of the company’s stock.

UHS has been the topic of several analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $117.00 target price on shares of Universal Health Services in a research report on Friday, October 27th. Robert W. Baird restated a “buy” rating and issued a $122.00 target price on shares of Universal Health Services in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and issued a $126.00 target price on shares of Universal Health Services in a research report on Friday, October 27th. Citigroup upgraded Universal Health Services from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Goldman Sachs Group initiated coverage on Universal Health Services in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $131.20.

Universal Health Services, Inc. (NYSE UHS) opened at $119.30 on Monday. Universal Health Services, Inc. has a 1 year low of $95.26 and a 1 year high of $129.74. The stock has a market capitalization of $11,322.64, a price-to-earnings ratio of 15.95, a PEG ratio of 2.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26.

Universal Health Services declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 15th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the health services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Wednesday, February 28th. Universal Health Services’s dividend payout ratio (DPR) is presently 5.49%.

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

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