CIBC Asset Management Inc Reduces Holdings in Universal Health Services, Inc. (NYSE:UHS)

CIBC Asset Management Inc lowered its stake in shares of Universal Health Services, Inc. (NYSE:UHSFree Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,291 shares of the health services provider’s stock after selling 424 shares during the period. CIBC Asset Management Inc’s holdings in Universal Health Services were worth $1,264,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Universal Health Services during the 4th quarter worth approximately $42,000. Tompkins Financial Corp purchased a new position in shares of Universal Health Services during the 4th quarter worth approximately $96,000. Van ECK Associates Corp boosted its position in shares of Universal Health Services by 9.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock worth $126,000 after purchasing an additional 88 shares during the period. Parallel Advisors LLC boosted its position in shares of Universal Health Services by 11.3% during the 4th quarter. Parallel Advisors LLC now owns 1,161 shares of the health services provider’s stock worth $177,000 after purchasing an additional 118 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in shares of Universal Health Services during the 3rd quarter worth approximately $175,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Universal Health Services Price Performance

Shares of NYSE:UHS opened at $187.53 on Friday. The company’s fifty day moving average price is $173.67 and its 200 day moving average price is $163.81. Universal Health Services, Inc. has a 12 month low of $119.90 and a 12 month high of $190.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.38 and a quick ratio of 1.28. The firm has a market capitalization of $12.55 billion, a P/E ratio of 15.89, a P/E/G ratio of 0.92 and a beta of 1.29.

Universal Health Services (NYSE:UHSGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, topping the consensus estimate of $3.14 by $0.56. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $2.34 EPS. Universal Health Services’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts predict that Universal Health Services, Inc. will post 13.76 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Universal Health Services’s dividend payout ratio is presently 6.78%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UHS shares. Cantor Fitzgerald reissued an “underweight” rating and issued a $156.00 price target on shares of Universal Health Services in a research report on Wednesday, April 10th. Citigroup raised their price target on shares of Universal Health Services from $170.00 to $193.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Barclays raised their price target on shares of Universal Health Services from $181.00 to $189.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on shares of Universal Health Services from $182.00 to $186.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Stephens reissued an “equal weight” rating and issued a $185.00 price target on shares of Universal Health Services in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $190.43.

View Our Latest Research Report on Universal Health Services

Universal Health Services Profile

(Free Report)

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

Recommended Stories

Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHSFree Report).

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

Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.