Illinois Municipal Retirement Fund Sells 1,637 Shares of Universal Health Services, Inc. (NYSE:UHS)

Illinois Municipal Retirement Fund decreased its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,762 shares of the health services provider's stock after selling 1,637 shares during the period. Illinois Municipal Retirement Fund owned about 0.08% of Universal Health Services worth $9,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased 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 worth $38,000 after buying an additional 67 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Universal Health Services by 5.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,266 shares of the health services provider's stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Platinum Investment Management Ltd. grew its holdings in Universal Health Services by 17.6% during the 4th quarter. Platinum Investment Management Ltd. now owns 488 shares of the health services provider's stock valued at $88,000 after purchasing an additional 73 shares during the last quarter. MetLife Investment Management LLC grew its holdings 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 grew its holdings 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 during the last quarter. Institutional investors own 86.05% of the company's stock.

Insider Activity at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,097 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 7,884 shares of the company's stock, valued at $1,509,628.32. This represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.40% of the stock is currently owned by corporate insiders.

Universal Health Services Price Performance

Shares of UHS opened at $178.15 on Friday. The company has a 50 day moving average price of $180.83 and a 200-day moving average price of $181.36. Universal Health Services, Inc. has a fifty-two week low of $153.99 and a fifty-two week high of $243.25. The stock has a market capitalization of $11.58 billion, a PE ratio of 10.00, a PEG ratio of 0.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 1.32.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the company earned $3.70 EPS. The company's revenue was up 6.7% compared to the same quarter last year. Equities analysts predict 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 Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Universal Health Services's payout ratio is 4.49%.

Wall Street Analysts Forecast Growth

UHS has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Universal Health Services in a report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price target on the stock. Baird R W downgraded shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Wells Fargo & Company cut their price target 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. Stephens upgraded shares of Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Finally, 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Universal Health Services presently has a consensus rating of "Hold" and an average price target of $224.77.

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.

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