Envestnet Asset Management Inc. Buys 13,413 Shares of Universal Health Services, Inc. (NYSE:UHS)

Envestnet Asset Management Inc. raised its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,408 shares of the health services provider's stock after purchasing an additional 13,413 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Universal Health Services worth $15,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sentry Investment Management LLC acquired a new position in shares of Universal Health Services during the first quarter worth about $35,000. UMB Bank n.a. raised its holdings in shares of Universal Health Services by 49.3% in the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. Huntington National Bank lifted its position in shares of Universal Health Services by 55.6% during the 4th quarter. Huntington National Bank now owns 280 shares of the health services provider's stock worth $50,000 after purchasing an additional 100 shares during the last quarter. CX Institutional acquired a new position in shares of Universal Health Services during the first quarter worth $74,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Universal Health Services during the 4th quarter worth about $96,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Universal Health Services Stock Performance

UHS traded down $1.83 during trading hours on Friday, hitting $168.99. The company's stock had a trading volume of 630,487 shares, compared to its average volume of 785,815. The company has a 50-day simple moving average of $182.99 and a 200 day simple moving average of $181.39. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $10.98 billion, a PE ratio of 9.48, a PEG ratio of 0.74 and a beta of 1.28. Universal Health Services, Inc. has a fifty-two week low of $153.99 and a fifty-two week high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The health services provider reported $4.84 EPS for the quarter, topping analysts' consensus estimates of $4.36 by $0.48. Universal Health Services had a return on equity of 17.79% and a net margin of 7.44%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the business earned $3.70 EPS. The company's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Tuesday, September 2nd. Universal Health Services's dividend payout ratio is 4.49%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UHS shares. Guggenheim started coverage on Universal Health Services in a research report on Wednesday, April 9th. They issued a "buy" rating and a $208.00 price target on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $224.00 price target (down from $274.00) on shares of Universal Health Services in a report on Tuesday, April 15th. Royal Bank Of Canada cut their price objective on shares of Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Baird R W cut shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Barclays boosted their price target on shares of Universal Health Services from $249.00 to $257.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $221.85.

Insiders Place Their Bets

In other news, Director Maria Ruderman Singer sold 1,097 shares of Universal Health Services stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the completion of the sale, the director directly owned 7,884 shares of the company's stock, valued at approximately $1,509,628.32. This trade represents a 12.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.40% of the company's stock.

About Universal Health Services

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.