Corient Private Wealth LP Sells 81,970 Shares of Universal Health Services, Inc. $UHS

Key Points

• Corient Private Wealth LP cut its Universal Health Services stake by 71.1% in the second quarter, selling 81,970 shares and retaining 33,351 shares worth approximately $4.96 million. Institutional investors collectively own 86.05% of UHS.
• Universal Health Services exceeded quarterly expectations, reporting $5.98 in EPS versus a $5.94 consensus estimate and $4.64 billion in revenue, up 8.3% year over year.
• Analysts maintain a generally cautious outlook, with UHS holding a consensus “Hold” rating and an average price target of $204.94; the company also pays a quarterly dividend of $0.20, yielding about 0.5% annually.

Corient Private Wealth LP decreased its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 71.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,351 shares of the health services provider's stock after selling 81,970 shares during the quarter. Corient Private Wealth LP owned about 0.06% of Universal Health Services worth $4,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Elevation Wealth Partners LLC grew its holdings in shares of Universal Health Services by 503.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider's stock worth $29,000 after acquiring an additional 161 shares during the period. Larson Financial Group LLC boosted its holdings in shares of 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 buying an additional 106 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of 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 buying an additional 90 shares in the last quarter. Root Financial Partners LLC grew its position in shares of Universal Health Services by 54.7% in the 4th quarter. Root Financial Partners LLC now owns 212 shares of the health services provider's stock worth $46,000 after buying an additional 75 shares during the period. Finally, South Plains Financial Inc. purchased a new stake in shares of Universal Health Services in the 4th quarter worth about $47,000. Institutional investors own 86.05% of the company's stock.

Universal Health Services Price Performance

NYSE UHS opened at $176.73 on Friday. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.09 and a beta of 1.06. Universal Health Services, Inc. has a 12 month low of $140.08 and a 12 month high of $246.32. The company's 50 day moving average is $167.71 and its two-hundred day moving average is $168.14. 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 issued its earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share 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 quarter in the prior year, the firm posted $5.35 EPS. Universal Health Services's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Universal Health Services, Inc. will post 22.96 earnings per share for the current year.

Universal Health Services Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on UHS. Barclays dropped their price objective 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. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $194.00 price objective on shares of Universal Health Services in a research report on Tuesday, July 28th. Weiss Ratings upgraded Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Morgan Stanley dropped their target price on shares of Universal Health Services from $212.00 to $191.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $183.00 price target on shares of Universal Health Services in a report on Thursday, August 20th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Universal Health Services 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.