Bank of America Corp DE Has $27.36 Million Position in Universal Health Services, Inc. $UHS

Key Points

• Bank of America reduced its Universal Health Services position by 29.5% in the second quarter, selling 76,971 shares and retaining 184,007 shares valued at approximately $27.36 million.
• Institutional ownership remains high at 86.05%, with Dimensional Fund Advisors, Arrowstreet Capital, Norges Bank and others increasing or initiating positions.
• UHS reported quarterly revenue of $4.64 billion and earnings of $5.98 per share, exceeding analyst estimates, while revenue grew 8.3% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $204.94.

Bank of America Corp DE cut its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 29.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,007 shares of the health services provider's stock after selling 76,971 shares during the quarter. Bank of America Corp DE owned 0.31% of Universal Health Services worth $27,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Universal Health Services by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,781,262 shares of the health services provider's stock valued at $318,812,000 after acquiring an additional 192,351 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Universal Health Services by 1.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,226,577 shares of the health services provider's stock valued at $219,520,000 after purchasing an additional 20,577 shares during the period. Norges Bank acquired a new stake in Universal Health Services during the fourth quarter worth approximately $199,334,000. Lazard Asset Management LLC increased its holdings in Universal Health Services by 6.0% in the first quarter. Lazard Asset Management LLC now owns 374,155 shares of the health services provider's stock worth $66,963,000 after purchasing an additional 21,333 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Universal Health Services by 47.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 339,326 shares of the health services provider's stock valued at $74,207,000 after buying an additional 109,074 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Universal Health Services Stock Up 1.3%

Universal Health Services stock opened at $181.61 on Thursday. Universal Health Services, Inc. has a 1-year low of $140.08 and a 1-year high of $246.32. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The firm's fifty day moving average price is $169.50 and its two-hundred day moving average price is $167.39. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $4.58 billion. During the same period in the previous year, the firm posted $5.35 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Universal Health Services, Inc. will post 22.96 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Universal Health Services's payout ratio is currently 3.26%.

Analysts Set New Price Targets

Several brokerages have recently commented on UHS. Weiss Ratings raised shares of Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Cantor Fitzgerald reissued a "neutral" rating and set a $194.00 target price on shares of Universal Health Services in a research note on Tuesday, July 28th. Royal Bank Of Canada restated a "sector perform" rating and issued a $183.00 price target on shares of Universal Health Services in a report on Thursday, August 20th. TD Cowen decreased their price target on shares of Universal Health Services from $230.00 to $197.00 and set a "buy" rating for the company in a research note on Monday, June 22nd. Finally, UBS Group reiterated a "buy" rating on shares of Universal Health Services in a report on Monday, August 31st. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $204.94.

Universal Health Services Company Profile

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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