Citigroup Inc. Trims Stake in Universal Health Services, Inc. (NYSE:UHS)

Citigroup Inc. lessened its holdings in shares of Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 68.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,914 shares of the health services provider’s stock after selling 55,066 shares during the period. Citigroup Inc.’s holdings in Universal Health Services were worth $3,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Belpointe Asset Management LLC purchased a new position in Universal Health Services during the 4th quarter valued at $25,000. Spire Wealth Management purchased a new position in Universal Health Services in the 4th quarter worth about $29,000. Ronald Blue Trust Inc. lifted its holdings in 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 valued at $30,000 after buying an additional 335 shares in the last quarter. Ancora Advisors LLC boosted its position in Universal Health Services by 33.3% in the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after buying an additional 100 shares during the period. Finally, Signaturefd LLC grew its stake in Universal Health Services by 96.1% in 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 in the last quarter. Institutional investors own 87.17% of the company’s stock.

Universal Health Services Stock Down 0.9 %

UHS stock opened at $134.63 on Monday. The firm has a 50 day moving average of $132.99 and a 200 day moving average of $135.57. The stock has a market capitalization of $9.45 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Universal Health Services, Inc. has a 52 week low of $82.50 and a 52 week high of $154.65. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Universal Health Services (NYSE:UHS – Get Rating) last announced its quarterly earnings data 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. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.45 billion. Universal Health Services had a net margin of 5.05% and a return on equity of 12.33%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 earnings per share. Sell-side analysts forecast 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. Investors of record on Thursday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. Universal Health Services’s dividend payout ratio is presently 8.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup boosted their price target on Universal Health Services from $150.00 to $165.00 in a report on Thursday, April 27th. StockNews.com began coverage on Universal Health Services in a research note on Thursday. They set a “buy” rating on the stock. VNET Group reaffirmed a “maintains” rating on shares of Universal Health Services in a research note on Thursday, April 27th. Wells Fargo & Company cut their target price on shares of Universal Health Services from $154.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday, March 6th. Finally, Royal Bank of Canada upped their price target on shares of Universal Health Services from $130.00 to $152.00 in a research report 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $137.71.

Insider Buying and Selling at Universal Health Services

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

Universal Health Services Company Profile

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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.