Burney Co. Sells 9,038 Shares of Universal Health Services, Inc. $UHS

Burney Co. decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,814 shares of the health services provider’s stock after selling 9,038 shares during the period. Burney Co. owned about 0.11% of Universal Health Services worth $13,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new stake in shares of Universal Health Services in the second quarter valued at $29,000. MUFG Securities EMEA plc acquired a new stake in Universal Health Services in the 2nd quarter valued at about $31,000. First Horizon Advisors Inc. raised its stake in shares of Universal Health Services by 347.6% in the second quarter. First Horizon Advisors Inc. now owns 188 shares of the health services provider’s stock worth $34,000 after acquiring an additional 146 shares during the last quarter. Huntington National Bank raised its stake in shares of Universal Health Services by 240.0% in the second quarter. Huntington National Bank now owns 204 shares of the health services provider’s stock worth $37,000 after acquiring an additional 144 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Universal Health Services by 22.9% during the second quarter. Farther Finance Advisors LLC now owns 354 shares of the health services provider’s stock worth $64,000 after purchasing an additional 66 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Universal Health Services

In other news, Director Elliot J. Md Mba Sussman sold 965 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $225.70, for a total value of $217,800.50. Following the completion of the transaction, the director owned 6,113 shares of the company’s stock, valued at $1,379,704.10. The trade was a 13.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Warren J. Nimetz sold 3,817 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $223.30, for a total transaction of $852,336.10. Following the completion of the sale, the director owned 8,481 shares of the company’s stock, valued at approximately $1,893,807.30. This represents a 31.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on UHS shares. Mizuho set a $242.00 price target on shares of Universal Health Services in a report on Tuesday, October 28th. Wall Street Zen raised Universal Health Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Zacks Research raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. The Goldman Sachs Group assumed coverage on Universal Health Services in a report on Tuesday, October 14th. They issued a “neutral” rating and a $219.00 price target on the stock. Finally, Raymond James Financial set a $270.00 price objective on Universal Health Services and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $234.14.

Universal Health Services Stock Up 0.2%

Shares of Universal Health Services stock opened at $227.63 on Friday. The business has a fifty day simple moving average of $225.93 and a 200 day simple moving average of $197.65. The stock has a market cap of $14.22 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.77 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.55. Universal Health Services, Inc. has a 12 month low of $152.33 and a 12 month high of $246.32.

Universal Health Services (NYSE:UHS) last issued its earnings results on Tuesday, October 28th. The health services provider reported $5.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $1.03. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Universal Health Services had a return on equity of 19.47% and a net margin of 8.09%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.71 earnings per share. Research analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. Universal Health Services’s payout ratio is currently 3.80%.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.