Today, Tdam USA Inc. Boosts Stake in Universal Health Services Inc. (UHS)

Today, Tdam USA Inc. Boosts Stake in Universal Health Services Inc. (UHS)
Tdam USA Inc. raised its stake in Universal Health Services Inc. (NYSE:UHS) by 47.1% during the third quarter, Holdings Channel reports. The institutional investor owned 11,381 shares of the company’s stock after buying an additional 3,642 shares during the period. Tdam USA Inc.’s holdings in Universal Health Services were worth $1,402,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Universal Health Services by 1.2% in the second quarter. Vanguard Group Inc. now owns 8,106,458 shares of the company’s stock worth $1,087,076,000 after buying an additional 99,338 shares during the last quarter. FMR LLC raised its stake in Universal Health Services by 13.4% in the second quarter. FMR LLC now owns 4,634,852 shares of the company’s stock worth $621,534,000 after buying an additional 546,464 shares during the last quarter. State Street Corp raised its stake in Universal Health Services by 2.3% in the second quarter. State Street Corp now owns 3,687,677 shares of the company’s stock worth $494,513,000 after buying an additional 82,984 shares during the last quarter. Jennison Associates LLC raised its stake in Universal Health Services by 1.3% in the second quarter. Jennison Associates LLC now owns 1,445,900 shares of the company’s stock worth $193,895,000 after buying an additional 18,481 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Universal Health Services by 34.3% in the second quarter. Marshall Wace LLP now owns 1,017,492 shares of the company’s stock worth $136,445,000 after buying an additional 259,834 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Universal Health Services Inc. (NYSE:UHS) traded up 0.89% during midday trading on Friday, hitting $123.17. The stock had a trading volume of 166,360 shares. The company has a 50-day moving average price of $122.01 and a 200-day moving average price of $127.50. Universal Health Services Inc. has a 12-month low of $100.82 and a 12-month high of $139.77. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 17.35 and a beta of 1.14.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, October 26th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.68 by $0.08. The firm earned $2.61 billion during the quarter, compared to analyst estimates of $2.40 billion. Universal Health Services had a net margin of 7.31% and a return on equity of 16.35%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 earnings per share. Equities analysts anticipate that Universal Health Services Inc. will post $7.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, November 29th. Universal Health Services’s dividend payout ratio is currently 5.63%.

UHS has been the topic of a number of recent research reports. Mizuho cut their target price on shares of Universal Health Services from $150.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Leerink Swann restated a “buy” rating and set a $150.00 target price on shares of Universal Health Services in a research note on Friday, July 29th. Barclays PLC cut their target price on shares of Universal Health Services from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Zacks Investment Research upgraded shares of Universal Health Services from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Credit Suisse Group AG restated a “hold” rating and set a $130.00 target price on shares of Universal Health Services in a research note on Tuesday, August 30th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Universal Health Services currently has a consensus rating of “Hold” and an average price target of $141.00.

About Universal Health Services

Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.

Related posts

Leave a Comment