Mackenzie Financial Corp Trims Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Mackenzie Financial Corp lowered its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,633 shares of the health services provider's stock after selling 64,740 shares during the quarter. Mackenzie Financial Corp owned about 0.14% of Universal Health Services worth $16,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new position in Universal Health Services during the 4th quarter valued at about $29,000. Quent Capital LLC grew its stake in shares of Universal Health Services by 118.3% during the fourth quarter. Quent Capital LLC now owns 179 shares of the health services provider's stock valued at $32,000 after buying an additional 97 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of Universal Health Services in the fourth quarter worth approximately $46,000. Huntington National Bank raised its holdings in shares of Universal Health Services by 55.6% in the fourth quarter. Huntington National Bank now owns 280 shares of the health services provider's stock worth $50,000 after buying an additional 100 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Universal Health Services by 30.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 455 shares of the health services provider's stock worth $81,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Wall Street Analyst Weigh In

UHS has been the topic of several research analyst reports. Baird R W downgraded Universal Health Services from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Morgan Stanley started coverage on shares of Universal Health Services in a report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price objective for the company. Royal Bank of Canada dropped their target price on shares of Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Stephens raised their target price on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, Barclays lifted their price target on shares of Universal Health Services from $249.00 to $257.00 and gave the company an "overweight" rating in a research note on Tuesday, April 29th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $224.77.

Universal Health Services Stock Down 0.4%

Shares of NYSE:UHS traded down $0.73 on Friday, reaching $190.32. The company had a trading volume of 814,853 shares, compared to its average volume of 753,703. The firm has a market capitalization of $12.37 billion, a PE ratio of 12.65, a PEG ratio of 0.53 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a 52-week low of $153.99 and a 52-week high of $243.25. The firm's 50 day simple moving average is $181.86 and its 200-day simple moving average is $184.24.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its earnings results on Monday, April 28th. The health services provider reported $4.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.48. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.16 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.70 earnings per share. As a group, analysts expect that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Universal Health Services's dividend payout ratio (DPR) is presently 4.49%.

Insider Activity at Universal Health Services

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,097 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the completion of the sale, the director now owns 7,884 shares of the company's stock, valued at approximately $1,509,628.32. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is currently owned by corporate insiders.

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.