Universal Health Services, Inc. (NYSE:UHS) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 120.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,599 shares of the health services provider's stock after purchasing an additional 4,703 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Universal Health Services were worth $1,616,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Universal Health Services by 28.2% in the fourth quarter. IFP Advisors Inc now owns 1,233 shares of the health services provider's stock valued at $222,000 after buying an additional 271 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Universal Health Services by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 487,904 shares of the health services provider's stock worth $87,540,000 after acquiring an additional 10,250 shares during the period. Proficio Capital Partners LLC acquired a new position in Universal Health Services in the 4th quarter valued at $11,303,000. Fisher Asset Management LLC lifted its stake in shares of Universal Health Services by 12.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,658 shares of the health services provider's stock worth $477,000 after purchasing an additional 289 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Universal Health Services by 8.8% during the 4th quarter. US Bancorp DE now owns 2,435 shares of the health services provider's stock worth $437,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 86.05% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UHS. Wells Fargo & Company lowered their price objective on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. 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 set a $224.00 price objective (down previously from $274.00) on shares of Universal Health Services in a research note on Tuesday, April 15th. Royal Bank Of Canada cut their price objective on shares of 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. Finally, Guggenheim assumed coverage on shares of Universal Health Services in a report on Wednesday, April 9th. They issued a "buy" rating and a $208.00 target price for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $224.77.

Universal Health Services Trading Up 4.3%

Shares of UHS stock traded up $7.82 during mid-day trading on Tuesday, reaching $188.97. The company's stock had a trading volume of 1,351,381 shares, compared to its average volume of 784,051. 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 firm has a market capitalization of $12.28 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.31. The company's 50 day simple moving average is $181.32 and its 200-day simple moving average is $181.22. Universal Health Services, Inc. has a 12-month low of $153.99 and a 12-month 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 earnings per share for the quarter, topping analysts' consensus estimates of $4.36 by $0.48. The firm had revenue of $4.10 billion during the quarter, compared to analysts' expectations of $4.16 billion. Universal Health Services had a return on equity of 17.79% and a net margin of 7.44%. Universal Health Services's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. On average, research analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

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

Insider Activity at Universal Health Services

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,097 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total transaction of $210,053.56. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.40% of the company's stock.

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.