Amundi Sells 154,419 Shares of Universal Health Services, Inc. $UHS

Key Points

• Amundi cut its Universal Health Services stake by 65.9% in the second quarter, selling 154,419 shares and retaining 79,885 shares valued at approximately $11.9 million. Institutional investors collectively own 86.05% of UHS.
• UHS reported quarterly earnings of $5.98 per share, exceeding estimates of $5.94, while revenue rose 8.3% year over year to $4.64 billion. Analysts expect full-year earnings of $22.96 per share.
• The company declared a quarterly dividend of $0.20 per share, equal to an annualized $0.80 and a 0.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $204.93.

Amundi cut its stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 65.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,885 shares of the health services provider's stock after selling 154,419 shares during the quarter. Amundi owned approximately 0.14% of Universal Health Services worth $11,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC bought a new position in Universal Health Services in the fourth quarter worth approximately $25,000. Larson Financial Group LLC raised 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 in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Universal Health Services in the 2nd quarter worth $29,000. Brown Brothers Harriman & Co. grew its position in shares of Universal Health Services by 94.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 163 shares of the health services provider's stock worth $33,000 after buying an additional 79 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Universal Health Services during the 2nd quarter worth $31,000. Institutional investors own 86.05% of the company's stock.

Universal Health Services Price Performance

Shares of NYSE UHS opened at $174.82 on Friday. 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 cap of $10.30 billion, a PE ratio of 7.12, a P/E/G ratio of 0.93 and a beta of 1.06. The business has a 50-day simple moving average of $165.65 and a two-hundred day simple moving average of $169.64.

Universal Health Services (NYSE:UHS - Get Free Report) last released its earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, topping analysts' consensus estimates of $5.94 by $0.04. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period last year, the business earned $5.35 EPS. Universal Health Services's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Universal Health Services, Inc. will post 22.96 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Health Services's dividend payout ratio is presently 3.26%.

Analyst Ratings Changes

Several analysts recently weighed in on UHS shares. UBS Group restated a "buy" rating on shares of Universal Health Services in a report on Monday, August 31st. Barclays dropped 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 report on Tuesday, July 28th. Cantor Fitzgerald reissued a "neutral" rating and set a $194.00 target price on shares of Universal Health Services in a research report on Tuesday, July 28th. The Goldman Sachs Group reduced their price target on shares of Universal Health Services from $242.00 to $190.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Universal Health Services from $235.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $204.93.

About Universal Health Services

Universal Health Services, Inc NYSE: UHS is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare organizations. Its operations are primarily focused on acute care and behavioral health services, serving patients through a network of hospitals, treatment centers and ambulatory facilities.

The company's acute care activities include general and specialty hospitals that provide services such as emergency care, surgery, inpatient treatment and diagnostic procedures.

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