Fmr LLC Has $647.12 Million Stock Position in Universal Health Services, Inc. (NYSE:UHS)

Fmr LLC cut its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,825,724 shares of the health services provider’s stock after selling 136,944 shares during the period. Fmr LLC owned 4.24% of Universal Health Services worth $647,119,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. lifted its stake in Universal Health Services by 362.3% in the second quarter. Point72 Asset Management L.P. now owns 322,626 shares of the health services provider’s stock valued at $59,663,000 after acquiring an additional 252,846 shares during the last quarter. Marshall Wace LLP lifted its stake in Universal Health Services by 357.9% in the 2nd quarter. Marshall Wace LLP now owns 261,221 shares of the health services provider’s stock valued at $48,308,000 after purchasing an additional 204,178 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Universal Health Services by 408.2% during the second quarter. Mackenzie Financial Corp now owns 140,561 shares of the health services provider’s stock worth $25,994,000 after purchasing an additional 112,902 shares during the period. Los Angeles Capital Management LLC increased its position in Universal Health Services by 102.0% during the third quarter. Los Angeles Capital Management LLC now owns 210,926 shares of the health services provider’s stock worth $48,304,000 after buying an additional 106,517 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Universal Health Services in the second quarter valued at approximately $18,031,000. 86.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Robert W. Baird lifted their target price on Universal Health Services from $236.00 to $274.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. UBS Group upped their price objective on shares of Universal Health Services from $247.00 to $267.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. StockNews.com cut shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Wells Fargo & Company decreased 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. Finally, Bank of America started 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Universal Health Services has a consensus rating of “Moderate Buy” and an average price target of $225.50.

Universal Health Services Stock Down 1.3 %

UHS stock opened at $203.50 on Friday. Universal Health Services, Inc. has a 52 week low of $133.70 and a 52 week high of $243.25. The business has a 50-day simple moving average of $216.16 and a 200 day simple moving average of $206.94. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $13.42 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $2.55 EPS. Sell-side analysts anticipate that Universal Health Services, Inc. will post 15.93 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.39%. Universal Health Services’s dividend payout ratio (DPR) is currently 5.32%.

Universal Health Services Company 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.