Truist Financial Corp Has $952,000 Stock Position in Universal Health Services, Inc. (NYSE:UHS)

Truist Financial Corp decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,306 shares of the health services provider’s stock after selling 4,516 shares during the period. Truist Financial Corp’s holdings in Universal Health Services were worth $952,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Choreo LLC boosted its position in Universal Health Services by 3.4% during the fourth quarter. Choreo LLC now owns 1,822 shares of the health services provider’s stock valued at $325,000 after purchasing an additional 60 shares during the last quarter. Empirical Finance LLC boosted its position in Universal Health Services by 1.1% during the third quarter. Empirical Finance LLC now owns 5,704 shares of the health services provider’s stock valued at $1,306,000 after purchasing an additional 64 shares during the last quarter. US Bancorp DE boosted its position in Universal Health Services by 3.0% during the third quarter. US Bancorp DE now owns 2,238 shares of the health services provider’s stock valued at $512,000 after purchasing an additional 65 shares during the last quarter. Quarry LP boosted its position in Universal Health Services by 14.4% during the third quarter. Quarry LP now owns 516 shares of the health services provider’s stock valued at $118,000 after purchasing an additional 65 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Universal Health Services by 2.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,060 shares of the health services provider’s stock worth $549,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UHS shares. Cantor Fitzgerald raised Universal Health Services from a “neutral” rating to an “overweight” rating in a research report on Monday, February 3rd. Stephens boosted their price target on Universal Health Services from $210.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company reduced their price target on Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. TD Cowen reduced their price target on Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, Barclays reduced their price target on Universal Health Services from $271.00 to $249.00 and set an “overweight” rating for the company in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Universal Health Services presently has a consensus rating of “Moderate Buy” and an average target price of $228.77.

Universal Health Services Trading Down 5.9 %

UHS stock opened at $175.07 on Friday. Universal Health Services, Inc. has a 1-year low of $152.68 and a 1-year high of $243.25. The firm has a market cap of $11.55 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.53 and a beta of 1.30. The business’s 50 day moving average is $184.47 and its 200-day moving average is $204.91. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, February 26th. The health services provider reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.71. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.01 billion. Equities analysts anticipate that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Universal Health Services’s dividend payout ratio is currently 4.75%.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,614 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $191.15, for a total value of $308,516.10. Following the transaction, the director now directly owns 5,879 shares of the company’s stock, valued at $1,123,770.85. The trade was a 21.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.10% of the company’s stock.

Universal Health Services Profile

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.