Universal Health Services, Inc. (UHS) Stake Raised by Cohen & Steers Inc.

Cohen & Steers Inc. grew its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 40.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,117 shares of the health services provider’s stock after purchasing an additional 8,670 shares during the period. Cohen & Steers Inc.’s holdings in Universal Health Services were worth $3,510,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UHS. Oregon Public Employees Retirement Fund boosted its holdings in Universal Health Services by 11,078.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,222,767 shares of the health services provider’s stock worth $28,000 after purchasing an additional 3,193,937 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Universal Health Services by 40.0% in the fourth quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock worth $43,000 after purchasing an additional 104 shares during the last quarter. Doyle Wealth Management purchased a new stake in Universal Health Services in the fourth quarter worth approximately $58,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Universal Health Services in the fourth quarter worth approximately $93,000. Finally, Pearl River Capital LLC purchased a new stake in Universal Health Services in the fourth quarter worth approximately $93,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Universal Health Services to $146.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 5th. UBS Group increased their price target on shares of Universal Health Services from $156.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. downgraded shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 price target on the stock. in a research report on Monday, March 4th. They noted that the move was a valuation call. Deutsche Bank increased their price target on shares of Universal Health Services from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Barclays increased their price target on shares of Universal Health Services from $130.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $145.13.

UHS opened at $134.12 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.34. Universal Health Services, Inc. has a 1-year low of $109.37 and a 1-year high of $142.21. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, February 27th. The health services provider reported $2.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.02. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Universal Health Services had a net margin of 7.24% and a return on equity of 16.58%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. On average, equities analysts anticipate that Universal Health Services, Inc. will post 10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Universal Health Services’s payout ratio is 4.20%.

Universal Health Services announced that its Board of Directors has approved a stock buyback plan on Monday, December 17th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the health services provider to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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About Universal Health Services

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.

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

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