Cibc World Markets Corp Purchases New Position in Universal Health Services, Inc. (NYSE:UHS)

Cibc World Markets Corp purchased a new stake in Universal Health Services, Inc. (NYSE:UHS – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,543 shares of the health services provider’s stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in shares of Universal Health Services during the 4th quarter worth approximately $25,000. Spire Wealth Management bought a new stake in shares of Universal Health Services during the 4th quarter worth approximately $29,000. Ronald Blue Trust Inc. lifted its holdings in shares of Universal Health Services by 4,785.7% during the 4th quarter. Ronald Blue Trust Inc. now owns 342 shares of the health services provider’s stock worth $30,000 after acquiring an additional 335 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Universal Health Services by 33.3% during the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock worth $53,000 after acquiring an additional 100 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Universal Health Services by 96.1% during the 4th quarter. Signaturefd LLC now owns 449 shares of the health services provider’s stock worth $63,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays raised shares of Universal Health Services from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $132.00 to $142.00 in a report on Tuesday, April 25th. 888 reaffirmed a “maintains” rating on shares of Universal Health Services in a report on Monday, May 8th. Royal Bank of Canada upped their price target on shares of Universal Health Services from $130.00 to $152.00 in a report on Thursday, April 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Universal Health Services from $145.00 to $155.00 in a research note on Thursday, April 27th. Finally, VNET Group reissued a “maintains” rating on shares of Universal Health Services in a research note on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Universal Health Services has an average rating of “Hold” and an average price target of $137.71.

Universal Health Services Stock Down 0.9 %

UHS opened at $134.63 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.26. The company’s 50-day moving average is $132.99 and its 200 day moving average is $135.57. Universal Health Services, Inc. has a fifty-two week low of $82.50 and a fifty-two week high of $154.65. The firm has a market capitalization of $9.45 billion, a P/E ratio of 14.31, a PEG ratio of 1.75 and a beta of 1.25.

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

Universal Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, May 31st. Universal Health Services’s dividend payout ratio is 8.50%.

Insiders Place Their Bets

In other Universal Health Services news, Director Lawrence S. Gibbs sold 793 shares of Universal Health Services stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $122.31, for a total value of $96,991.83. Following the sale, the director now owns 2,230 shares of the company’s stock, valued at $272,751.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Universal Health Services news, Director Lawrence S. Gibbs sold 1,568 shares of Universal Health Services stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $128.29, for a total value of $201,158.72. Following the sale, the director now owns 3,023 shares of the company’s stock, valued at $387,820.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence S. Gibbs sold 793 shares of Universal Health Services stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $122.31, for a total transaction of $96,991.83. Following the completion of the transaction, the director now owns 2,230 shares of the company’s stock, valued at approximately $272,751.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,258 shares of company stock valued at $10,733,371. Company insiders own 15.40% of the company’s stock.

Universal Health Services Profile

(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.