Universal Health Services (NYSE:UHS) had its target price increased by Royal Bank of Canada to $165.00 in a research note published on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the health services provider’s stock.
Several other analysts also recently commented on UHS. BMO Capital Markets lowered their price objective on Universal Health Services to $138.00 and set a market perform rating for the company in a research note on Monday, April 29th. Barclays set a $145.00 price objective on Universal Health Services and gave the stock a hold rating in a research note on Friday, July 26th. Bank of America increased their price objective on Universal Health Services from $158.00 to $165.00 and gave the stock a buy rating in a research note on Friday, July 26th. Credit Suisse Group increased their price objective on Universal Health Services from $150.00 to $170.00 and gave the stock an outperform rating in a research note on Monday. Finally, UBS Group reissued a buy rating and issued a $151.00 price objective on shares of Universal Health Services in a research note on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $148.76.
Shares of Universal Health Services stock opened at $147.16 on Tuesday. The stock has a market capitalization of $13.78 billion, a P/E ratio of 15.44, a PEG ratio of 1.86 and a beta of 1.04. Universal Health Services has a 52 week low of $112.79 and a 52 week high of $157.79. The business has a 50 day moving average of $132.60. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 0.79.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Universal Health Services’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. Universal Health Services’s dividend payout ratio is currently 4.20%.
In other news, Director Robert H. Hotz sold 7,309 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $148.01, for a total value of $1,081,805.09. Following the completion of the transaction, the director now directly owns 67,715 shares of the company’s stock, valued at $10,022,497.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marvin G. Pember sold 16,693 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $149.54, for a total value of $2,496,271.22. Following the completion of the transaction, the executive vice president now directly owns 83,379 shares of the company’s stock, valued at $12,468,495.66. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in UHS. Norges Bank bought a new position in shares of Universal Health Services in the fourth quarter valued at approximately $112,140,000. LSV Asset Management grew its holdings in Universal Health Services by 325.2% during the first quarter. LSV Asset Management now owns 983,208 shares of the health services provider’s stock valued at $131,523,000 after purchasing an additional 751,959 shares during the period. Marshall Wace North America L.P. grew its holdings in Universal Health Services by 167.1% during the first quarter. Marshall Wace North America L.P. now owns 742,994 shares of the health services provider’s stock valued at $99,390,000 after purchasing an additional 464,789 shares during the period. Janus Henderson Group PLC grew its holdings in Universal Health Services by 49.2% during the first quarter. Janus Henderson Group PLC now owns 940,682 shares of the health services provider’s stock valued at $125,835,000 after purchasing an additional 310,062 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Universal Health Services by 1,499.0% during the second quarter. BNP Paribas Arbitrage SA now owns 193,308 shares of the health services provider’s stock valued at $25,205,000 after purchasing an additional 181,219 shares during the period. 86.67% of the stock is owned by institutional investors.
Universal Health Services Company Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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