California State Teachers Retirement System Decreases Stake in Universal Health Services, Inc. $UHS

California State Teachers Retirement System reduced its stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,335 shares of the health services provider's stock after selling 6,025 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Universal Health Services worth $8,822,521 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UHS. Triad Wealth Partners LLC raised its stake in shares of Universal Health Services by 3.4% in the 1st quarter. Triad Wealth Partners LLC now owns 1,858 shares of the health services provider's stock valued at $333,000 after acquiring an additional 61 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Universal Health Services by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 20,595 shares of the health services provider's stock worth $4,490,000 after buying an additional 65 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Universal Health Services by 5.4% in the first quarter. Kestra Private Wealth Services LLC now owns 1,361 shares of the health services provider's stock valued at $244,000 after purchasing an additional 70 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Universal Health Services by 54.7% during the fourth quarter. Root Financial Partners LLC now owns 212 shares of the health services provider's stock valued at $46,000 after purchasing an additional 75 shares during the last quarter. Finally, Mufg Securities Americas Inc. grew its position in Universal Health Services by 5.0% in the second quarter. Mufg Securities Americas Inc. now owns 1,605 shares of the health services provider's stock worth $239,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UHS. Barclays lowered their price objective on shares of Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 28th. Robert W. Baird decreased their price target on shares of Universal Health Services from $204.00 to $166.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. UBS Group reissued a "buy" rating on shares of Universal Health Services in a research note on Monday, August 31st. Cantor Fitzgerald reiterated a "neutral" rating and set a $194.00 price objective on shares of Universal Health Services in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group reduced their price objective on Universal Health Services from $242.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $204.93.

Universal Health Services Trading Up 2.0%

Shares of NYSE:UHS traded up $3.50 during mid-day trading on Tuesday, hitting $176.75. The stock had a trading volume of 340,642 shares, compared to its average volume of 856,765. The company has a market cap of $10.42 billion, a PE ratio of 7.20, a P/E/G ratio of 0.94 and a beta of 1.06. The company's 50 day moving average is $165.95 and its 200-day moving average is $168.80. Universal Health Services, Inc. has a 12-month low of $140.08 and a 12-month high of $246.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, beating the consensus estimate of $5.94 by $0.04. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.58 billion. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. Universal Health Services's revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.35 earnings per share. On average, sell-side analysts predict that Universal Health Services, Inc. will post 22.96 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Health Services's dividend payout ratio is 3.26%.

Universal Health Services Company Profile

Universal Health Services, Inc NYSE: UHS is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare organizations. Its operations are primarily focused on acute care and behavioral health services, serving patients through a network of hospitals, treatment centers and ambulatory facilities.

The company's acute care activities include general and specialty hospitals that provide services such as emergency care, surgery, inpatient treatment and diagnostic procedures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.