Panagora Asset Management Inc. Purchases 59,590 Shares of Universal Health Services, Inc. $UHS

Key Points

• Panagora Asset Management Inc. increased its stake in Universal Health Services, Inc. by 58.5%, acquiring 59,590 shares and bringing its total holdings to approximately 161,536 shares worth around $30.35 million.
• Universal Health Services reported a net revenue of $4.28 billion for the quarter, exceeding expectations and achieving a year-over-year revenue growth of 9.6%.
• The company declared a quarterly dividend of $0.20 per share, indicating an annualized dividend yield of 0.4%, which is set to be paid on September 16th.

Panagora Asset Management Inc. grew its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 58.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,536 shares of the health services provider's stock after purchasing an additional 59,590 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.25% of Universal Health Services worth $30,353,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of UHS. Stifel Financial Corp boosted its stake in shares of Universal Health Services by 21.9% in the 4th quarter. Stifel Financial Corp now owns 4,880 shares of the health services provider's stock valued at $876,000 after purchasing an additional 878 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake 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 valued at $227,000 after purchasing an additional 71 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Universal Health Services by 7.6% in the 4th quarter. Northern Trust Corp now owns 596,280 shares of the health services provider's stock valued at $106,985,000 after purchasing an additional 42,088 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Universal Health Services by 29.9% in the 4th quarter. Lido Advisors LLC now owns 2,520 shares of the health services provider's stock valued at $452,000 after purchasing an additional 580 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Universal Health Services by 5.9% in the 4th quarter. Comerica Bank now owns 23,581 shares of the health services provider's stock valued at $4,231,000 after purchasing an additional 1,311 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Universal Health Services Stock Performance

UHS opened at $181.72 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. The company's fifty day moving average price is $175.47 and its two-hundred day moving average price is $178.39. Universal Health Services, Inc. has a 1-year low of $152.33 and a 1-year high of $243.25. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.75 and a beta of 1.24.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.85 by $0.50. Universal Health Services had a net margin of 7.66% and a return on equity of 18.25%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the company posted $4.31 earnings per share. The business's revenue was up 9.6% on a year-over-year basis. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. On average, analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Universal Health Services's dividend payout ratio (DPR) is presently 4.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stephens raised shares of Universal Health Services to a "hold" rating in a research note on Monday, June 2nd. Robert W. Baird cut their target price on shares of Universal Health Services from $243.00 to $203.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Bank of America lowered shares of Universal Health Services from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $215.00 to $185.00 in a research note on Wednesday, July 16th. Barclays increased their target price on shares of Universal Health Services from $257.00 to $259.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their target price on shares of Universal Health Services from $201.00 to $206.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $214.77.

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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