Allspring Global Investments Holdings LLC Has $722,000 Holdings in Universal Health Services, Inc. (NYSE:UHS)

Allspring Global Investments Holdings LLC lessened its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 92.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,845 shares of the health services provider's stock after selling 50,260 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Universal Health Services were worth $722,000 as of its most recent SEC filing.

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

Insider Activity at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,097 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $191.48, for a total value of $210,053.56. Following the sale, the director directly owned 7,884 shares in the company, valued at $1,509,628.32. This trade represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.40% of the stock is currently owned by company insiders.

Universal Health Services Trading Down 0.8%

NYSE UHS traded down $1.47 during trading hours on Friday, hitting $182.58. The company's stock had a trading volume of 402,466 shares, compared to its average volume of 785,665. Universal Health Services, Inc. has a twelve month low of $153.99 and a twelve month high of $243.25. The firm has a market capitalization of $11.87 billion, a P/E ratio of 10.25, a PEG ratio of 0.75 and a beta of 1.28. The company has a quick ratio of 1.23, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $183.88 and a 200 day moving average of $181.58.

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

Universal Health Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Universal Health Services's payout ratio is currently 4.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UHS. Guggenheim assumed coverage on Universal Health Services in a research report on Wednesday, April 9th. They set a "buy" rating and a $208.00 price target on the stock. Baird R W cut Universal Health Services from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird reaffirmed a "neutral" rating and issued a $224.00 price target (down from $274.00) on shares of Universal Health Services in a report on Tuesday, April 15th. Royal Bank Of Canada reduced their price target on shares of Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Finally, Stephens upgraded shares of Universal Health Services to a "hold" rating in a research report on Monday, June 2nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Universal Health Services presently has a consensus rating of "Hold" and a consensus target price of $224.77.

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.