Universal Health Services, Inc. (NYSE:UHS) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Universal Health Services (UHS) by 7.4%, selling 2,719 shares and now holding 33,934 shares valued at approximately $6.38 million.
• Universal Health Services recently announced a quarterly dividend of $0.20 per share, with an ex-dividend date of September 2nd, representing an annualized yield of 0.5%.
• Research firms have issued mixed ratings on UHS, with some downgrading the stock while others maintain a "hold" rating, reflecting a diverse sentiment among analysts about its future performance.

TD Asset Management Inc decreased its stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,934 shares of the health services provider's stock after selling 2,719 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of Universal Health Services worth $6,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UHS. Mediolanum International Funds Ltd increased its position in Universal Health Services by 9.5% during the 1st quarter. Mediolanum International Funds Ltd now owns 6,188 shares of the health services provider's stock valued at $1,152,000 after purchasing an additional 535 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of Universal Health Services by 105.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 83,926 shares of the health services provider's stock worth $15,770,000 after buying an additional 43,000 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Universal Health Services in the 1st quarter worth approximately $239,000. Neo Ivy Capital Management grew its position in shares of Universal Health Services by 49.0% in the 1st quarter. Neo Ivy Capital Management now owns 2,982 shares of the health services provider's stock worth $560,000 after buying an additional 981 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Universal Health Services by 11.8% in the 1st quarter. Cetera Investment Advisers now owns 14,369 shares of the health services provider's stock worth $2,700,000 after buying an additional 1,511 shares during the last quarter. Institutional investors own 86.05% of the company's stock.

Universal Health Services Stock Performance

NYSE UHS traded down $3.47 on Friday, hitting $162.98. 1,130,460 shares of the company's stock traded hands, compared to its average volume of 1,034,741. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. Universal Health Services, Inc. has a 1-year low of $152.33 and a 1-year high of $243.25. The firm's 50-day moving average price is $176.95 and its two-hundred day moving average price is $179.82. The firm has a market capitalization of $10.59 billion, a PE ratio of 8.58, a P/E/G ratio of 0.67 and a beta of 1.24.

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 EPS for the quarter, beating 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 18.22%. The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same period in the previous year, the business posted $4.31 EPS. The business's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 2nd. Universal Health Services's payout ratio is presently 4.21%.

Insider Buying and Selling

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,097 shares of Universal Health Services 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 directly owned 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

UHS has been the topic of a number of analyst reports. Stephens raised shares of Universal Health Services to a "hold" rating in a research report on Monday, June 2nd. Guggenheim started coverage on shares of Universal Health Services in a research report on Wednesday, April 9th. They issued a "buy" rating and a $208.00 price objective on the stock. UBS Group set a $227.00 target price on shares of Universal Health Services in a research report on Wednesday. Robert W. Baird reissued a "neutral" rating and set a $224.00 target price (down previously from $274.00) on shares of Universal Health Services in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Universal Health Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $218.92.

About Universal Health Services

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.