Universal Health Services (NYSE:UHS) Trading 0.8% Higher
Universal Health Services, Inc. (NYSE:UHS) shares traded up 0.8% on Monday . The stock traded as high as $157.79 and last traded at $153.12, 31,274 shares were traded during mid-day trading. A decline of 95% from the average session volume of 586,512 shares. The stock had previously closed at $151.89.
Several equities research analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Discover Financial Services to $92.00 and gave the stock a “market perform” rating in a report on Monday, April 29th. Bank of America lowered shares of Citigroup to a “hold” rating in a report on Friday. Barclays set a $82.00 target price on shares of Baxter International and gave the stock a “hold” rating in a report on Friday. Credit Suisse Group reiterated a “market perform” rating and issued a $152.00 target price (up from $124.00) on shares of Illinois Tool Works in a report on Monday. Finally, UBS Group reiterated a “buy” rating on shares of Fortis in a report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $146.75.
The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $130.97. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. This is a positive change from Universal Health Services’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 30th. Universal Health Services’s dividend payout ratio (DPR) is presently 4.20%.
Several large investors have recently modified their holdings of UHS. Dimensional Fund Advisors LP increased its holdings in Universal Health Services by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,310,513 shares of the health services provider’s stock worth $152,755,000 after purchasing an additional 59,712 shares during the period. Geode Capital Management LLC increased its holdings in Universal Health Services by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,178,604 shares of the health services provider’s stock worth $137,152,000 after purchasing an additional 86,840 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Universal Health Services during the 4th quarter worth about $266,000. National Pension Service increased its holdings in Universal Health Services by 223.3% during the 4th quarter. National Pension Service now owns 5,516 shares of the health services provider’s stock worth $738,000 after purchasing an additional 3,810 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Universal Health Services by 24.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,874 shares of the health services provider’s stock worth $4,531,000 after purchasing an additional 7,540 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.
About Universal Health Services (NYSE:UHS)
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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