BlackRock Inc. Has $778.63 Million Stake in Universal Health Services, Inc. (UHS)

BlackRock Inc. lowered its stake in Universal Health Services, Inc. (NYSE:UHS) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,090,655 shares of the health services provider’s stock after selling 438,628 shares during the period. BlackRock Inc. owned approximately 6.53% of Universal Health Services worth $778,630,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in shares of Universal Health Services in the second quarter worth about $114,000. Rehmann Capital Advisory Group increased its holdings in shares of Universal Health Services by 116.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,068 shares of the health services provider’s stock worth $119,000 after buying an additional 575 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Universal Health Services in the second quarter worth about $123,000. Qube Research & Technologies Ltd increased its holdings in shares of Universal Health Services by 58.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,175 shares of the health services provider’s stock worth $131,000 after buying an additional 432 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of Universal Health Services by 108.7% in the third quarter. IFP Advisors Inc now owns 1,321 shares of the health services provider’s stock worth $169,000 after buying an additional 688 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

NYSE UHS opened at $137.99 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $12.77 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.38 and a beta of 0.80. Universal Health Services, Inc. has a 1 year low of $102.63 and a 1 year high of $138.98.

Universal Health Services (NYSE:UHS) last posted its earnings results on Thursday, October 25th. The health services provider reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.22. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Universal Health Services had a return on equity of 16.33% and a net margin of 7.89%. As a group, analysts anticipate that Universal Health Services, Inc. will post 9.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.10 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Universal Health Services’s payout ratio is presently 5.31%.

Several research firms have recently commented on UHS. Leerink Swann decreased their price objective on Universal Health Services from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Barclays began coverage on Universal Health Services in a report on Tuesday, August 14th. They issued an “equal weight” rating and a $135.00 price objective on the stock. Citigroup decreased their price objective on Universal Health Services from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Morgan Stanley lifted their price objective on Universal Health Services from $122.00 to $134.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 5th. Finally, Zacks Investment Research upgraded Universal Health Services from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a report on Monday, August 6th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $137.47.

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Universal Health Services Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

Further Reading: Stock Symbol

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

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