118,900 Shares in Universal Health Services, Inc. $UHS Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems bought 118,900 shares of Universal Health Services worth approximately $17.7 million, while institutional investors collectively own 86.05% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $204.93; recent target reductions included Goldman Sachs, TD Cowen, and Barclays.
• UHS beat quarterly expectations with $5.98 in adjusted EPS and $4.64 billion in revenue, up 8.3% year over year, and declared a $0.20 quarterly dividend yielding about 0.5%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 118,900 shares of the health services provider's stock, valued at approximately $17,679,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.20% of Universal Health Services at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of Universal Health Services by 13,398.3% in the 2nd quarter. California State Teachers Retirement System now owns 8,822,521 shares of the health services provider's stock worth $1,311,821,000 after acquiring an additional 8,757,161 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Universal Health Services by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,554,670 shares of the health services provider's stock valued at $677,234,000 after purchasing an additional 130,389 shares in the last quarter. Pzena Investment Management LLC grew its stake in Universal Health Services by 31.5% during the fourth quarter. Pzena Investment Management LLC now owns 2,112,604 shares of the health services provider's stock worth $460,590,000 after purchasing an additional 505,575 shares during the period. Dimensional Fund Advisors LP grew its stake in Universal Health Services by 12.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,781,262 shares of the health services provider's stock worth $318,812,000 after purchasing an additional 192,351 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Universal Health Services by 1.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,226,577 shares of the health services provider's stock worth $219,520,000 after purchasing an additional 20,577 shares during the period. Institutional investors own 86.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UHS. The Goldman Sachs Group dropped their price target on Universal Health Services from $242.00 to $190.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. TD Cowen reduced their price objective on shares of Universal Health Services from $230.00 to $197.00 and set a "buy" rating for the company in a research report on Monday, June 22nd. UBS Group reiterated a "buy" rating on shares of Universal Health Services in a research note on Monday, August 31st. Wells Fargo & Company boosted their target price on shares of Universal Health Services from $165.00 to $166.00 and gave the company an "equal weight" rating in a research report on Monday, July 13th. Finally, Barclays cut their target price on shares of Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $204.93.

Universal Health Services Stock Down 0.1%

UHS stock opened at $169.43 on Tuesday. The stock's 50 day simple moving average is $164.04 and its 200 day simple moving average is $170.84. The company has a market cap of $9.99 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12. Universal Health Services, Inc. has a fifty-two week low of $140.08 and a fifty-two week high of $246.32.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, beating analysts' consensus estimates of $5.94 by $0.04. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.58 billion. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $5.35 earnings per share. On average, research analysts expect that Universal Health Services, Inc. will post 22.96 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 1st. Universal Health Services's payout ratio is 3.26%.

Universal Health Services Company Profile

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.

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