Public Sector Pension Investment Board Has $589,000 Stake in Universal Health Services, Inc. (NYSE:UHS)

Public Sector Pension Investment Board increased its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,572 shares of the health services provider’s stock after buying an additional 300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Universal Health Services were worth $589,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Universal Health Services by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 603,705 shares of the health services provider’s stock worth $138,254,000 after purchasing an additional 11,353 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Universal Health Services by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 486,438 shares of the health services provider’s stock worth $89,957,000 after purchasing an additional 2,620 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Universal Health Services by 13.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 346,969 shares of the health services provider’s stock valued at $79,459,000 after buying an additional 41,218 shares during the period. Point72 Asset Management L.P. increased its holdings in Universal Health Services by 362.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 322,626 shares of the health services provider’s stock valued at $59,663,000 after buying an additional 252,846 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Universal Health Services by 357.9% during the 2nd quarter. Marshall Wace LLP now owns 261,221 shares of the health services provider’s stock worth $48,308,000 after acquiring an additional 204,178 shares during the period. Institutional investors own 86.05% of the company’s stock.

Analysts Set New Price Targets

UHS has been the topic of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Universal Health Services from $275.00 to $251.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Robert W. Baird upped their price objective on Universal Health Services from $236.00 to $274.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $219.00 target price on shares of Universal Health Services in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of Universal Health Services from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Finally, Bank of America initiated coverage on shares of Universal Health Services in a research report on Wednesday, November 6th. They set a “neutral” rating and a $223.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Universal Health Services has an average rating of “Moderate Buy” and a consensus target price of $225.50.

Universal Health Services Stock Performance

Shares of UHS stock opened at $194.22 on Monday. The stock has a market capitalization of $12.81 billion, a PE ratio of 12.91, a PEG ratio of 0.62 and a beta of 1.28. The business’s 50 day simple moving average is $210.73 and its 200 day simple moving average is $208.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. Universal Health Services, Inc. has a one year low of $133.70 and a one year high of $243.25.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the company posted $2.55 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Universal Health Services, Inc. will post 15.88 earnings per share for the current year.

Universal Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Tuesday, December 3rd. Universal Health Services’s dividend payout ratio (DPR) is presently 5.32%.

About Universal Health Services

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.