Synovus Financial Corp Boosts Position in Universal Health Services, Inc. (NYSE:UHS)

Synovus Financial Corp boosted its holdings in Universal Health Services, Inc. (NYSE:UHSGet Rating) by 6.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,323 shares of the health services provider’s stock after buying an additional 142 shares during the period. Synovus Financial Corp’s holdings in Universal Health Services were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UHS. First Horizon Advisors Inc. grew its position in Universal Health Services by 3,485.0% in the second quarter. First Horizon Advisors Inc. now owns 717 shares of the health services provider’s stock valued at $72,000 after acquiring an additional 697 shares in the last quarter. M&T Bank Corp grew its position in Universal Health Services by 17.9% in the second quarter. M&T Bank Corp now owns 2,727 shares of the health services provider’s stock valued at $253,000 after acquiring an additional 415 shares in the last quarter. Pendal Group Ltd acquired a new stake in Universal Health Services in the second quarter valued at approximately $532,000. Twin Tree Management LP acquired a new stake in Universal Health Services in the first quarter valued at approximately $440,000. Finally, Citigroup Inc. grew its position in Universal Health Services by 41.0% in the first quarter. Citigroup Inc. now owns 50,359 shares of the health services provider’s stock valued at $7,300,000 after acquiring an additional 14,648 shares in the last quarter. Hedge funds and other institutional investors own 88.93% of the company’s stock.

Universal Health Services Stock Performance

Shares of UHS opened at $127.70 on Tuesday. The business’s fifty day moving average price is $103.21 and its 200 day moving average price is $107.85. Universal Health Services, Inc. has a 12-month low of $82.50 and a 12-month high of $158.28. The stock has a market capitalization of $9.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 4.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.27 and a quick ratio of 1.15.

Universal Health Services (NYSE:UHSGet Rating) last announced its quarterly earnings data 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 last year, the business posted $2.67 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that Universal Health Services, Inc. will post 9.84 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, November 30th. Universal Health Services’s payout ratio is 8.23%.

Wall Street Analyst Weigh In

Several analysts have issued reports on UHS shares. Credit Suisse Group lowered their price objective on shares of Universal Health Services to $129.00 in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Universal Health Services from $160.00 to $130.00 in a research report on Wednesday, July 27th. SVB Leerink raised their price target on shares of Universal Health Services from $98.00 to $114.00 and gave the stock a “market perform” rating in a research report on Thursday, October 27th. UBS Group raised their price target on shares of Universal Health Services to $113.00 in a research report on Wednesday, November 16th. Finally, Cowen decreased their price target on shares of Universal Health Services to $119.00 in a research report on Tuesday, August 9th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $120.43.

About Universal Health Services

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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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