State of Alaska Department of Revenue Acquires 9,545 Shares of Universal Health Services, Inc. $UHS

Key Points

• The State of Alaska Department of Revenue increased its stake in Universal Health Services, Inc. by 43.6%, acquiring an additional 9,545 shares to bring its total holdings to 31,421 shares worth $5,691,000.
• Universal Health Services announced a quarterly dividend of $0.20 per share, leading to an annualized yield of 0.4% and reflecting a payout ratio of 4.21%.
• Analysts currently rate Universal Health Services with an average consensus of "Hold" and a projected target price of $214.08, with various target price adjustments made by different firms.

State of Alaska Department of Revenue boosted its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 43.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,421 shares of the health services provider's stock after buying an additional 9,545 shares during the period. State of Alaska Department of Revenue's holdings in Universal Health Services were worth $5,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Universal Health Services in the first quarter worth about $30,000. UMB Bank n.a. lifted its holdings in 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 buying an additional 67 shares during the period. Sentry Investment Management LLC purchased a new stake in Universal Health Services in the first quarter worth about $35,000. Federated Hermes Inc. lifted its holdings in Universal Health Services by 89.7% in the first quarter. Federated Hermes Inc. now owns 258 shares of the health services provider's stock worth $48,000 after buying an additional 122 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Universal Health Services by 22.9% in the second quarter. Farther Finance Advisors LLC now owns 354 shares of the health services provider's stock worth $64,000 after buying an additional 66 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stephens upgraded shares of Universal Health Services to a "hold" rating in a report on Monday, June 2nd. UBS Group set a $227.00 price objective on shares of Universal Health Services in a report on Wednesday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating and set a $227.00 target price on shares of Universal Health Services in a report on Tuesday, August 26th. Barclays lowered their target price on shares of Universal Health Services from $259.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, September 18th. Finally, Bank of America lowered shares of Universal Health Services from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $215.00 to $185.00 in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $214.08.

Universal Health Services Price Performance

Shares of NYSE UHS opened at $200.99 on Monday. Universal Health Services, Inc. has a twelve month low of $152.33 and a twelve month high of $240.26. The firm has a market cap of $12.79 billion, a P/E ratio of 10.58, a PEG ratio of 0.83 and a beta of 1.28. The company has a 50 day moving average of $179.04 and a 200 day moving average of $180.00. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.64.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the business earned $4.31 EPS. The firm's revenue for the quarter 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. As a group, research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, September 2nd. Universal Health Services's payout ratio is presently 4.21%.

Universal Health Services 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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