Envestnet Portfolio Solutions Inc. Raises Stake in Universal Health Services, Inc. (NYSE:UHS)

Envestnet Portfolio Solutions Inc. boosted its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 647.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,501 shares of the health services provider's stock after acquiring an additional 20,356 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Universal Health Services were worth $4,416,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new stake in shares of Universal Health Services during the 1st quarter worth $35,000. UMB Bank n.a. lifted its position 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 purchasing an additional 67 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of Universal Health Services during the 4th quarter worth $46,000. Huntington National Bank raised its holdings in Universal Health Services by 55.6% during the fourth quarter. Huntington National Bank now owns 280 shares of the health services provider's stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, CX Institutional acquired a new stake in Universal Health Services during the first quarter worth approximately $74,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Guggenheim assumed coverage on shares of Universal Health Services in a report on Wednesday, April 9th. They set a "buy" rating and a $208.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. 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 on the stock in a report on Wednesday, April 30th. Stephens raised shares of Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Finally, Baird R W cut shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Universal Health Services has an average rating of "Hold" and a consensus price target of $224.77.

Insider Activity at Universal Health Services

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,097 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $191.48, for a total transaction of $210,053.56. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.40% of the stock is currently owned by insiders.

Universal Health Services Stock Performance

NYSE:UHS traded up $1.95 during midday trading on Monday, reaching $173.65. The stock had a trading volume of 1,065,082 shares, compared to its average volume of 777,028. The firm has a fifty day simple moving average of $180.76 and a two-hundred day simple moving average of $181.79. Universal Health Services, Inc. has a 12-month low of $153.99 and a 12-month high of $243.25. The company has a quick ratio of 1.23, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The stock has a market cap of $11.29 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.70 and a beta of 1.31.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.36 by $0.48. Universal Health Services had a net margin of 7.44% and a return on equity of 17.79%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the firm posted $3.70 EPS. Universal Health Services's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Universal Health Services's dividend payout ratio (DPR) is 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.