Chevy Chase Trust Holdings LLC Sells 3,357 Shares of Universal Health Services, Inc. (NYSE:UHS)

Chevy Chase Trust Holdings LLC lowered its stake in shares of Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,769 shares of the health services provider’s stock after selling 3,357 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Universal Health Services worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of UHS. Belpointe Asset Management LLC bought a new stake in shares of Universal Health Services during the fourth quarter valued at approximately $25,000. Spire Wealth Management bought a new stake in Universal Health Services in the fourth quarter worth $29,000. Ronald Blue Trust Inc. increased its position in Universal Health Services by 4,785.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 342 shares of the health services provider’s stock worth $30,000 after purchasing an additional 335 shares during the last quarter. Ancora Advisors LLC increased its position in Universal Health Services by 33.3% in the first quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock worth $53,000 after purchasing an additional 100 shares during the last quarter. Finally, Signaturefd LLC increased its position in Universal Health Services by 96.1% in the fourth quarter. Signaturefd LLC now owns 449 shares of the health services provider’s stock worth $63,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Activity

In other news, Director Lawrence S. Gibbs sold 793 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $122.31, for a total transaction of $96,991.83. Following the transaction, the director now owns 2,230 shares in the company, valued at approximately $272,751.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Universal Health Services news, CFO Steve Filton sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $139.08, for a total value of $3,477,000.00. Following the completion of the sale, the chief financial officer now directly owns 93,800 shares of the company’s stock, valued at approximately $13,045,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence S. Gibbs sold 793 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $122.31, for a total value of $96,991.83. Following the completion of the sale, the director now directly owns 2,230 shares of the company’s stock, valued at $272,751.30. The disclosure for this sale can be found here. Insiders have sold 76,258 shares of company stock worth $10,733,371 in the last quarter. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Credit Suisse Group boosted their price target on shares of Universal Health Services from $153.00 to $163.00 in a research report on Thursday, April 27th. UBS Group raised shares of Universal Health Services from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $113.00 to $167.00 in a research note on Tuesday, January 24th. Royal Bank of Canada lifted their price objective on shares of Universal Health Services from $130.00 to $152.00 in a research note on Thursday, April 27th. Wells Fargo & Company dropped their price objective on shares of Universal Health Services from $154.00 to $138.00 and set an “equal weight” rating for the company in a research note on Monday, March 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Universal Health Services in a research note on Wednesday, April 19th. They set a “neutral” rating and a $133.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $137.71.

Universal Health Services Trading Down 0.9 %

Universal Health Services stock opened at $134.63 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. Universal Health Services, Inc. has a 12 month low of $82.50 and a 12 month high of $154.65. The stock’s 50 day simple moving average is $132.99 and its two-hundred day simple moving average is $135.57. The firm has a market cap of $9.45 billion, a PE ratio of 14.31, a P/E/G ratio of 1.75 and a beta of 1.25.

Universal Health Services (NYSE:UHS – Get Rating) last announced its earnings results on Tuesday, April 25th. The health services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.19. Universal Health Services had a return on equity of 12.33% and a net margin of 5.05%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the firm posted $2.15 EPS. The business’s revenue was up 5.3% on a year-over-year basis. Analysts anticipate that Universal Health Services, Inc. will post 10.25 earnings per share for the current year.

Universal Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.59%. Universal Health Services’s dividend payout ratio (DPR) is 8.50%.

About Universal Health Services

(Get Rating)

Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.