BTC Capital Management Inc. Purchases New Stake in Universal Health Services, Inc. $UHS

Key Points

• BTC Capital Management Inc. has made a new investment of approximately $2.24 million in Universal Health Services, acquiring 12,517 shares.
• Universal Health Services reported earnings of $5.35 per share for the last quarter, exceeding expectations, and generated $4.28 billion in revenue.
• A quarterly dividend of $0.20 was declared and paid on September 16, 2023, resulting in an annualized dividend of $0.80 with a yield of 0.4%.

BTC Capital Management Inc. purchased a new position in Universal Health Services, Inc. (NYSE:UHS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,517 shares of the health services provider's stock, valued at approximately $2,237,000.

Several other large investors also recently added to or reduced their stakes in UHS. Zions Bancorporation National Association UT acquired a new position in shares of Universal Health Services during the first quarter valued at about $30,000. Sentry Investment Management LLC bought a new position in shares of Universal Health Services in the 1st quarter valued at about $35,000. UMB Bank n.a. boosted its holdings in shares of Universal Health Services by 49.3% during the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock worth $38,000 after buying an additional 67 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Universal Health Services by 89.7% during the 1st quarter. Federated Hermes Inc. now owns 258 shares of the health services provider's stock worth $48,000 after buying an additional 122 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Universal Health Services by 22.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 354 shares of the health services provider's stock worth $64,000 after purchasing an additional 66 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Trading Up 0.3%

UHS traded up $0.52 during midday trading on Friday, reaching $188.63. 1,396,397 shares of the company's stock traded hands, compared to its average volume of 690,456. Universal Health Services, Inc. has a 52 week low of $152.33 and a 52 week high of $243.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.29 and a quick ratio of 1.19. The firm has a fifty day moving average of $176.70 and a two-hundred day moving average of $179.03. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 0.78 and a beta of 1.28.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.85 by $0.50. Universal Health Services had a net margin of 7.66% and a return on equity of 18.25%. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm earned $4.31 EPS. The company's revenue for the quarter was up 9.6% on a year-over-year basis. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. On average, equities analysts anticipate that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Universal Health Services's dividend payout ratio (DPR) is 4.21%.

Analyst Ratings Changes

UHS has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on shares of Universal Health Services from $225.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. Barclays decreased their target price on Universal Health Services from $259.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday. Robert W. Baird decreased their price target on Universal Health Services from $243.00 to $203.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Stephens upgraded Universal Health Services to a "hold" rating in a research note on Monday, June 2nd. Finally, Wall Street Zen cut Universal Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $214.08.

Universal Health Services Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.