Elevation Point Wealth Partners LLC Acquires 3,091 Shares of Universal Health Services, Inc. (NYSE:UHS)

Elevation Point Wealth Partners LLC raised its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,261 shares of the health services provider's stock after buying an additional 3,091 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Universal Health Services were worth $3,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Quent Capital LLC raised its position in shares of Universal Health Services by 118.3% during the 4th 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 in the last quarter. Sentry Investment Management LLC bought a new position in Universal Health Services in the first quarter valued at $35,000. UMB Bank n.a. raised its position in Universal Health Services by 49.3% during the first 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 stake in Universal Health Services during the fourth quarter worth about $46,000. Finally, Huntington National Bank boosted its holdings in shares of Universal Health Services by 55.6% in the 4th 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. 86.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 now owns 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 insiders.

Analysts Set New Price Targets

UHS has been the topic of a number of research reports. Royal Bank of Canada decreased their price objective on Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Baird R W downgraded shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Stephens upgraded shares of Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Barclays increased their target price on shares of Universal Health Services from $249.00 to $257.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley assumed coverage on shares of Universal Health Services in a research report on Wednesday, March 26th. They issued an "equal weight" rating and a $200.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Universal Health Services has an average rating of "Hold" and a consensus target price of $224.77.

Universal Health Services Trading Down 1.6%

Shares of NYSE:UHS traded down $2.71 during midday trading on Friday, hitting $170.95. 667,812 shares of the stock traded hands, compared to its average volume of 760,044. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The business's 50 day moving average is $181.49 and its two-hundred day moving average is $183.07. The stock has a market capitalization of $11.11 billion, a PE ratio of 11.37, a P/E/G ratio of 0.53 and a beta of 1.31. Universal Health Services, Inc. has a one year low of $153.99 and a one year high of $243.25.

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

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, June 2nd. Universal Health Services's payout ratio is 4.49%.

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.