Nuveen Asset Management LLC Cuts Stock Position in Universal Health Services, Inc. (NYSE:UHS)

Nuveen Asset Management LLC lowered its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,813 shares of the health services provider's stock after selling 1,842 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of Universal Health Services worth $25,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Universal Health Services during the 4th quarter worth approximately $29,000. Quent Capital LLC increased its stake 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 worth $32,000 after purchasing an additional 97 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of Universal Health Services during the 4th quarter worth approximately $46,000. Huntington National Bank increased its stake in shares of Universal Health Services by 55.6% during 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 during the last quarter. Finally, Smartleaf Asset Management LLC increased 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 purchasing an additional 107 shares during the last quarter. Institutional investors own 86.05% of the company's stock.

Insider Activity at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $179.16, for a total transaction of $179,160.00. Following the transaction, the director now owns 7,916 shares in the company, valued at $1,418,230.56. The trade was a 11.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.40% of the stock is owned by company insiders.

Universal Health Services Trading Up 3.0%

Shares of UHS traded up $5.63 during trading hours on Tuesday, hitting $191.84. The company had a trading volume of 344,002 shares, compared to its average volume of 752,539. The firm has a market cap of $12.47 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.53 and a beta of 1.29. The stock's 50 day moving average price is $181.01 and its 200 day moving average price is $184.50. The company has a quick ratio of 1.28, a current ratio of 1.39 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.

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 earnings per share (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 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 previous year, the business earned $3.70 EPS. Universal Health Services's revenue was up 6.7% compared to the same quarter last year. On average, research analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Announces Dividend

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 issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Universal Health Services's dividend payout ratio is presently 4.49%.

Analyst Upgrades and Downgrades

UHS has been the subject of a number of recent research reports. Barclays lifted their price objective 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. Baird R W lowered shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird reiterated a "neutral" rating and issued a $224.00 price objective (down from $274.00) on shares of Universal Health Services in a research note on Tuesday, April 15th. 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 for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley initiated coverage on shares of Universal Health Services in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $200.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Universal Health Services has a consensus rating of "Hold" and a consensus target price of $224.77.

Universal Health Services 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.