State of New Jersey Common Pension Fund D Lowers Position in Universal Health Services, Inc. $UHS

Key Points

• The State of New Jersey Common Pension Fund D has reduced its holdings in Universal Health Services, Inc. by 12.5%, selling 2,696 shares during the first quarter, now holding 18,900 shares valued at approximately $3.55 million.
• Universal Health Services reported $5.35 earnings per share, exceeding analysts' expectations, with a revenue of $4.28 billion for the latest quarter, marking a 9.6% increase year-over-year.
• The firm's quarterly dividend of $0.20 per share will be paid on September 16th, representing an annualized dividend yield of 0.4%.

State of New Jersey Common Pension Fund D reduced its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,900 shares of the health services provider's stock after selling 2,696 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Universal Health Services were worth $3,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UHS. Zions Bancorporation National Association UT purchased a new position in shares of Universal Health Services in the 1st quarter worth about $30,000. Sentry Investment Management LLC purchased a new position in shares of Universal Health Services in the 1st quarter worth about $35,000. UMB Bank n.a. boosted 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 purchasing an additional 67 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Universal Health Services by 89.7% in the 1st quarter. Federated Hermes Inc. now owns 258 shares of the health services provider's stock worth $48,000 after purchasing an additional 122 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of Universal Health Services in the 1st quarter worth about $74,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Universal Health Services Trading Up 0.8%

NYSE UHS traded up $1.4880 on Friday, hitting $185.4380. The company's stock had a trading volume of 627,249 shares, compared to its average volume of 961,902. Universal Health Services, Inc. has a 52-week low of $152.33 and a 52-week high of $243.25. 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 50-day simple moving average is $174.37 and its 200 day simple moving average is $178.60. The firm has a market cap of $11.80 billion, a P/E ratio of 9.77, a PEG ratio of 0.76 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 return on equity of 18.25% and a net margin of 7.66%.The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter last year, the business posted $4.31 EPS. 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. Research analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Universal Health Services Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group set a $227.00 price objective on Universal Health Services in a report on Wednesday, July 30th. Royal Bank Of Canada increased their target price on Universal Health Services from $201.00 to $206.00 and gave the company a "sector perform" rating in a report on Tuesday. Barclays increased their target price on Universal Health Services from $257.00 to $259.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Stephens upgraded Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Finally, Bank of America cut Universal Health Services from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $215.00 to $185.00 in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Universal Health Services has an average rating of "Hold" and an average price target of $214.15.

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.