Allianz Asset Management GmbH Raises Stake in Universal Health Services, Inc. $UHS

Key Points

• Allianz Asset Management increased its Universal Health Services stake by 13.6% in the second quarter, bringing its holdings to 377,986 shares valued at approximately $56.2 million. Institutional investors collectively own 86.05% of UHS.
• UHS reported quarterly EPS of $5.98, exceeding estimates of $5.94, while revenue rose 8.3% year over year to $4.64 billion. Analysts currently have a consensus “Hold” rating and an average price target of $204.93.
• The company declared a quarterly dividend of $0.20 per share, equivalent to $0.80 annually and a 0.5% yield. Shares opened at $169.43, with the stock trading well below its 52-week high of $246.32.

Allianz Asset Management GmbH boosted its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 13.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 377,986 shares of the health services provider's stock after purchasing an additional 45,310 shares during the quarter. Allianz Asset Management GmbH owned about 0.64% of Universal Health Services worth $56,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in Universal Health Services in the fourth quarter worth $25,000. Elevation Wealth Partners LLC boosted its stake in Universal Health Services by 503.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider's stock worth $29,000 after purchasing an additional 161 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Universal Health Services during the 2nd quarter valued at about $29,000. Larson Financial Group LLC grew its position in Universal Health Services by 302.9% during the 4th quarter. Larson Financial Group LLC now owns 141 shares of the health services provider's stock valued at $31,000 after purchasing an additional 106 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in Universal Health Services by 107.1% during the 1st quarter. CENTRAL TRUST Co now owns 174 shares of the health services provider's stock valued at $31,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 86.05% of the company's stock.

Universal Health Services Price Performance

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

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.94 by $0.04. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.58 billion. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $5.35 EPS. Sell-side analysts predict that Universal Health Services, Inc. will post 22.96 earnings per share for the current year.

Universal Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. 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 currently 3.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on 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. JPMorgan Chase & Co. reduced their target price on Universal Health Services from $235.00 to $205.00 and set a "neutral" rating for the company in a report on Wednesday, May 20th. Barclays decreased their price target on Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 28th. Weiss Ratings raised Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Finally, Robert W. Baird lowered their price target on Universal Health Services from $204.00 to $166.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Universal Health Services presently has an average rating of "Hold" and an average price target of $204.93.

About Universal Health Services

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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