Aperio Group LLC cut its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 30.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,897 shares of the health services provider’s stock after selling 13,790 shares during the period. Aperio Group LLC’s holdings in Universal Health Services were worth $3,502,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Universal Health Services during the 4th quarter valued at $127,000. Crossmark Global Holdings Inc. acquired a new position in shares of Universal Health Services during the 3rd quarter valued at $205,000. Zeke Capital Advisors LLC acquired a new position in shares of Universal Health Services during the 3rd quarter valued at $228,000. IFM Investors Pty Ltd acquired a new position in shares of Universal Health Services during the 3rd quarter valued at $303,000. Finally, Macquarie Group Ltd. increased its position in shares of Universal Health Services by 103.0% during the 3rd quarter. Macquarie Group Ltd. now owns 3,351 shares of the health services provider’s stock valued at $371,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 86.04% of the company’s stock.
Universal Health Services, Inc. (UHS) opened at $117.90 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $11,246.72, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.33 and a beta of 0.88. Universal Health Services, Inc. has a 1-year low of $95.26 and a 1-year high of $129.74.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, February 28th. Universal Health Services’s payout ratio is 5.49%.
Universal Health Services declared that its Board of Directors has initiated a share buyback program on Wednesday, November 15th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the health services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Several brokerages have recently issued reports on UHS. Zacks Investment Research upgraded Universal Health Services from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Wednesday, January 31st. Wells Fargo & Co began coverage on Universal Health Services in a research report on Tuesday, January 30th. They set an “outperform” rating and a $144.00 price target on the stock. Mizuho set a $137.00 price target on Universal Health Services and gave the company a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated a “buy” rating and set a $134.00 price target on shares of Universal Health Services in a research report on Thursday, January 4th. Finally, Goldman Sachs Group began coverage on Universal Health Services in a research report on Wednesday, January 3rd. They set a “buy” rating and a $137.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $131.20.
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Universal Health Services Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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