Envestnet Portfolio Solutions Inc. Acquires 20,356 Shares of Universal Health Services, Inc. (NYSE:UHS)

Envestnet Portfolio Solutions Inc. lifted its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 647.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,501 shares of the health services provider's stock after buying an additional 20,356 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Universal Health Services were worth $4,416,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Universal Health Services by 49.3% in the first quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock worth $38,000 after acquiring an additional 67 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of Universal Health Services by 5.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,266 shares of the health services provider's stock worth $227,000 after purchasing an additional 71 shares during the last quarter. Platinum Investment Management Ltd. boosted its stake in Universal Health Services by 17.6% in the 4th quarter. Platinum Investment Management Ltd. now owns 488 shares of the health services provider's stock worth $88,000 after purchasing an additional 73 shares in the last quarter. MetLife Investment Management LLC grew its position in Universal Health Services by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,512 shares of the health services provider's stock valued at $2,783,000 after purchasing an additional 80 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in Universal Health Services by 4.7% during the 4th quarter. Metis Global Partners LLC now owns 1,988 shares of the health services provider's stock valued at $357,000 after purchasing an additional 90 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UHS has been the topic of several analyst reports. Barclays upped their target price 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. Baird R W cut Universal Health Services from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wells Fargo & Company cut their target price on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Stephens upgraded Universal Health Services to a "hold" rating in a research note on Monday, June 2nd. Finally, Guggenheim began coverage on Universal Health Services in a report on Wednesday, April 9th. They set a "buy" rating and a $208.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $224.77.

Insider Activity

In related news, Director Maria Ruderman Singer sold 1,097 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total transaction of $210,053.56. Following the completion of the transaction, the director now directly owns 7,884 shares in the company, valued at approximately $1,509,628.32. The trade was a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.40% of the company's stock.

Universal Health Services Stock Performance

UHS stock traded up $0.45 during trading on Wednesday, reaching $175.65. The stock had a trading volume of 891,870 shares, compared to its average volume of 778,424. The firm has a market cap of $11.42 billion, a PE ratio of 9.86, a PEG ratio of 0.71 and a beta of 1.31. 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 stock's 50 day moving average is $180.66 and its two-hundred day moving average is $181.60. Universal Health Services, Inc. has a 52 week low of $153.99 and a 52 week high of $243.25.

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

Universal Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, June 2nd. Universal Health Services's dividend payout ratio is presently 4.49%.

Universal Health Services Company 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.