Wellington Management Group LLP Buys 9,747 Shares of Universal Health Services, Inc. (NYSE:UHS)

Wellington Management Group LLP increased its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 73.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,049 shares of the health services provider's stock after purchasing an additional 9,747 shares during the period. Wellington Management Group LLP's holdings in Universal Health Services were worth $4,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UHS. Norges Bank acquired a new stake in shares of Universal Health Services in the fourth quarter valued at approximately $67,964,000. Invesco Ltd. lifted its position in shares of Universal Health Services by 25.6% during the 4th quarter. Invesco Ltd. now owns 1,241,340 shares of the health services provider's stock valued at $222,721,000 after acquiring an additional 253,385 shares during the period. Amundi grew its holdings in shares of Universal Health Services by 189.5% during the 4th quarter. Amundi now owns 360,070 shares of the health services provider's stock worth $68,532,000 after purchasing an additional 235,689 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Universal Health Services during the 4th quarter worth $41,155,000. Finally, AQR Capital Management LLC increased its position in shares of Universal Health Services by 59.4% in the fourth quarter. AQR Capital Management LLC now owns 590,389 shares of the health services provider's stock worth $105,928,000 after purchasing an additional 219,942 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UHS has been the subject of several recent analyst reports. Baird R W cut shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Stephens upped their price target on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Robert W. Baird reissued 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. Barclays boosted 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 report on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their target price on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Nine 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.com, Universal Health Services currently has a consensus rating of "Hold" and a consensus price target of $224.77.

Universal Health Services Trading Up 0.3%

NYSE:UHS traded up $0.48 during mid-day trading on Thursday, hitting $189.13. 538,680 shares of the company's stock were exchanged, compared to its average volume of 752,913. Universal Health Services, Inc. has a fifty-two week low of $153.99 and a fifty-two week high of $243.25. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $12.29 billion, a P/E ratio of 12.58, a PEG ratio of 0.53 and a beta of 1.31. The company has a 50 day simple moving average of $182.03 and a 200-day simple moving average of $184.09.

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 (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.48. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm earned $3.70 earnings per share. The company's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts expect that Universal Health Services, Inc. will post 15.92 earnings per share for the current year.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, June 2nd. Universal Health Services's payout ratio is presently 4.49%.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,097 shares of the company's stock in a transaction 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 now directly owns 7,884 shares of the company's stock, valued at approximately $1,509,628.32. This represents a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.