Universal Health Services, Inc. $UHS Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Universal Health Services stake by 68.7% in the second quarter, selling 79,187 shares and retaining 36,134 shares valued at approximately $5.37 million. Institutional investors collectively own 86.05% of UHS.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $204.93. Recent firms lowered targets to between $166 and $194, although UBS maintained a “Buy” rating.
• UHS exceeded quarterly expectations, reporting $5.98 in earnings per share and $4.64 billion in revenue, with revenue up 8.3% year over year. The company also declared a quarterly dividend of $0.20 per share, representing a 0.5% annualized yield.

Corient Private Wealth LP lowered its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 68.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,134 shares of the health services provider's stock after selling 79,187 shares during the quarter. Corient Private Wealth LP owned 0.06% of Universal Health Services worth $5,373,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Universal Health Services in the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC raised its holdings in Universal Health Services by 503.1% during the second quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider's stock worth $29,000 after purchasing an additional 161 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Universal Health Services in the second quarter valued at about $29,000. Larson Financial Group LLC lifted its position in Universal Health Services by 302.9% in the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider's stock valued at $31,000 after purchasing an additional 106 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in Universal Health Services by 107.1% in the 1st quarter. CENTRAL TRUST Co now owns 174 shares of the health services provider's stock valued at $31,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Analysts Set New Price Targets

UHS has been the topic of a number of analyst reports. Cantor Fitzgerald restated a "neutral" rating and issued a $194.00 price target on shares of Universal Health Services in a research note on Tuesday, July 28th. UBS Group reiterated a "buy" rating on shares of Universal Health Services in a report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Universal Health Services from $235.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, May 20th. Robert W. Baird lowered their target price on shares of Universal Health Services from $204.00 to $166.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Finally, Barclays lowered their price target on Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $204.93.

Universal Health Services Price Performance

UHS stock opened at $170.64 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12. The stock's 50 day moving average price is $161.69 and its 200 day moving average price is $173.11. The firm has a market cap of $10.06 billion, a P/E ratio of 6.95, a PEG ratio of 0.92 and a beta of 1.05. Universal Health Services, Inc. has a 1 year low of $140.08 and a 1 year high of $246.32.

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 earnings per share for the quarter, topping analysts' consensus estimates of $5.94 by $0.04. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.58 billion. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.35 earnings per share. On average, sell-side analysts expect that Universal Health Services, Inc. will post 23.01 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

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

Universal Health Services Profile

Universal Health Services, Inc NYSE: UHS is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS's facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.

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