UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 146,717 Shares of Universal Health Services, Inc. $UHS

Key Points

• UBS Asset Management cut its Universal Health Services stake by 61.9% in the second quarter, selling 146,717 shares and retaining 90,402 shares valued at approximately $13.4 million.
• Universal Health Services beat quarterly expectations, reporting adjusted EPS of $5.98 versus the $5.94 consensus and revenue of $4.64 billion, up 8.3% year over year.
• Analysts broadly rate UHS as a “Hold”, with five Buy ratings and twelve Holds; the average price target is $204.93. The company also declared a quarterly dividend of $0.20 per share.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 61.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,402 shares of the health services provider's stock after selling 146,717 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Universal Health Services worth $13,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Elyxium Wealth LLC bought a new position in Universal Health Services in the 4th quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of Universal Health Services by 302.9% in the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider's stock worth $31,000 after purchasing an additional 106 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Universal Health Services in the second quarter worth about $29,000. Brown Brothers Harriman & Co. increased its stake in Universal Health Services by 94.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 163 shares of the health services provider's stock worth $33,000 after buying an additional 79 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in Universal Health Services during the 2nd quarter valued at about $31,000. 86.05% of the stock is owned by institutional investors.

Universal Health Services Trading Up 0.1%

NYSE:UHS opened at $169.43 on Friday. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.91 and a beta of 1.06. Universal Health Services, Inc. has a 52 week low of $140.08 and a 52 week high of $246.32. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $163.60 and a 200 day moving average of $171.74.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.94 by $0.04. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the prior year, the firm posted $5.35 earnings per share. The business's quarterly revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Universal Health Services, Inc. will post 22.96 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Health Services's dividend payout ratio (DPR) is currently 3.26%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 28th. Guggenheim cut their price target on Universal Health Services from $195.00 to $189.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th. Wells Fargo & Company increased their target price on shares of Universal Health Services from $165.00 to $166.00 and gave the stock an "equal weight" rating in a report on Monday, July 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $194.00 price target on shares of Universal Health Services in a research report on Tuesday, July 28th. Finally, Robert W. Baird cut their price objective on shares of Universal Health Services from $204.00 to $166.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, Universal Health Services presently has an average rating of "Hold" and an average target price of $204.93.

Universal Health Services Company Profile

Universal Health Services, Inc NYSE: UHS is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS's facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.

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