Universal Health Services, Inc. (NYSE:UHS) Position Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 67.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,761 shares of the health services provider's stock after selling 192,517 shares during the quarter. Teacher Retirement System of Texas owned 0.15% of Universal Health Services worth $17,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sentry Investment Management LLC acquired a new position in Universal Health Services in the 1st quarter valued at approximately $35,000. UMB Bank n.a. increased its holdings in Universal Health Services by 49.3% during the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock valued at $38,000 after purchasing an additional 67 shares in the last quarter. Campbell Capital Management Inc. bought a new position in shares of Universal Health Services in the fourth quarter valued at about $46,000. Huntington National Bank lifted its position in shares of Universal Health Services by 55.6% during the fourth quarter. Huntington National Bank now owns 280 shares of the health services provider's stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, CX Institutional acquired a new position in Universal Health Services during the 1st quarter worth $74,000. Institutional investors own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UHS shares. Guggenheim started coverage on shares of Universal Health Services in a research note on Wednesday, April 9th. They issued a "buy" rating and a $208.00 price objective on the stock. Barclays upped their target price on Universal Health Services from $249.00 to $257.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. Baird R W downgraded Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Royal Bank Of Canada reduced their price objective 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. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $224.77.

Insiders Place Their Bets

In related news, Director Maria Ruderman Singer sold 1,097 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $191.48, for a total transaction of $210,053.56. Following the transaction, the director owned 7,884 shares in the company, valued at $1,509,628.32. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.40% of the stock is currently owned by company insiders.

Universal Health Services Price Performance

UHS opened at $195.59 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $12.71 billion, a P/E ratio of 10.98, a PEG ratio of 0.75 and a beta of 1.28. The stock has a 50-day moving average price of $183.15 and a 200-day moving average price of $181.46. Universal Health Services, Inc. has a 12-month low of $153.99 and a 12-month high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The health services provider reported $4.84 EPS for the quarter, topping analysts' consensus estimates of $4.36 by $0.48. The business had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.16 billion. Universal Health Services had a return on equity of 17.79% and a net margin of 7.44%. The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.70 EPS. Equities analysts predict that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, June 2nd. Universal Health Services's dividend payout ratio (DPR) is currently 4.49%.

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.

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