Allspring Global Investments Holdings LLC Has $555,000 Stock Position in Universal Health Services, Inc. (NYSE:UHS)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Universal Health Services, Inc. (NYSE:UHSFree Report) by 6.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,043 shares of the health services provider’s stock after selling 210 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Universal Health Services were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of UHS. JPMorgan Chase & Co. increased its position in Universal Health Services by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,090,010 shares of the health services provider’s stock worth $137,047,000 after purchasing an additional 37,243 shares during the last quarter. Comerica Bank acquired a new position in Universal Health Services in the 3rd quarter worth about $4,522,000. Graham Capital Management L.P. acquired a new position in Universal Health Services in the 3rd quarter worth about $1,009,000. Deutsche Bank AG increased its position in Universal Health Services by 8.5% in the 3rd quarter. Deutsche Bank AG now owns 169,389 shares of the health services provider’s stock worth $21,297,000 after purchasing an additional 13,315 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Universal Health Services in the 3rd quarter worth about $639,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Price Performance

Shares of UHS stock opened at $180.91 on Wednesday. The stock has a 50 day moving average of $182.36 and a two-hundred day moving average of $171.06. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.75. Universal Health Services, Inc. has a 12 month low of $119.90 and a 12 month high of $194.02. The company has a market capitalization of $12.11 billion, a P/E ratio of 15.33, a P/E/G ratio of 0.88 and a beta of 1.28.

Universal Health Services (NYSE:UHSGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $2.34 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts expect that Universal Health Services, Inc. will post 13.83 EPS for the current year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.20 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. Universal Health Services’s dividend payout ratio is currently 6.78%.

Analyst Ratings Changes

UHS has been the topic of several research reports. Baird R W raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. Robert W. Baird raised Universal Health Services from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $198.00 to $236.00 in a report on Wednesday, June 26th. JPMorgan Chase & Co. increased their price objective on Universal Health Services from $182.00 to $186.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Wells Fargo & Company increased their price objective on Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, StockNews.com lowered Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.57.

Read Our Latest Stock Analysis on UHS

Universal Health Services Company 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.

See Also

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.