Pictet Asset Management SA Reduces Stake in Universal Health Services, Inc. (NYSE:UHS)

Pictet Asset Management SA reduced its position in Universal Health Services, Inc. (NYSE:UHSGet Rating) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,812 shares of the health services provider’s stock after selling 710 shares during the period. Pictet Asset Management SA’s holdings in Universal Health Services were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Universal Health Services by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock worth $1,138,729,000 after buying an additional 146,820 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Universal Health Services by 2.3% in the 1st quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock worth $728,594,000 after buying an additional 113,259 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Universal Health Services by 1.4% in the 1st quarter. First Eagle Investment Management LLC now owns 4,155,489 shares of the health services provider’s stock worth $602,338,000 after buying an additional 56,358 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Universal Health Services by 3.9% in the 1st quarter. Invesco Ltd. now owns 3,957,991 shares of the health services provider’s stock worth $573,711,000 after buying an additional 146,774 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Universal Health Services by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,683,225 shares of the health services provider’s stock worth $243,990,000 after buying an additional 73,536 shares during the last quarter. 88.93% of the stock is currently owned by hedge funds and other institutional investors.

Universal Health Services Trading Up 1.9 %

Shares of UHS stock opened at $128.67 on Monday. Universal Health Services, Inc. has a 12-month low of $82.50 and a 12-month high of $158.28. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $102.78 and its 200-day moving average price is $107.84. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 4.46 and a beta of 1.29.

Universal Health Services (NYSE:UHSGet Rating) last issued its earnings results on Tuesday, October 25th. The health services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.14. Universal Health Services had a return on equity of 12.49% and a net margin of 5.59%. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $2.67 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Universal Health Services, Inc. will post 9.84 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 0.62%. Universal Health Services’s dividend payout ratio (DPR) is 8.23%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Cowen lowered their target price on Universal Health Services to $119.00 in a research report on Tuesday, August 9th. Barclays lowered their target price on Universal Health Services from $133.00 to $115.00 in a research report on Friday, July 29th. Mizuho lifted their target price on Universal Health Services from $121.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on Universal Health Services from $160.00 to $130.00 in a research report on Wednesday, July 27th. Finally, StockNews.com downgraded Universal Health Services from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Universal Health Services currently has a consensus rating of “Hold” and a consensus price target of $120.43.

Universal Health Services Company Profile

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Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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