Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Universal Health Services, Inc. $UHS

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,385 shares of the health services provider’s stock after buying an additional 6,022 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Universal Health Services were worth $26,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR increased its holdings in Universal Health Services by 4.2% during the third quarter. Stephens Inc. AR now owns 1,250 shares of the health services provider’s stock valued at $256,000 after buying an additional 50 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Universal Health Services by 3.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,794 shares of the health services provider’s stock valued at $367,000 after buying an additional 58 shares during the last quarter. Avanza Fonder AB increased its holdings in Universal Health Services by 6.1% during the fourth quarter. Avanza Fonder AB now owns 1,027 shares of the health services provider’s stock valued at $224,000 after buying an additional 59 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in Universal Health Services by 1.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,859 shares of the health services provider’s stock valued at $841,000 after buying an additional 60 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Universal Health Services by 3.1% during the third quarter. Bessemer Group Inc. now owns 2,217 shares of the health services provider’s stock valued at $453,000 after buying an additional 66 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Stock Performance

UHS opened at $169.85 on Friday. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.81 and a beta of 1.13. The company has a fifty day moving average of $185.21 and a 200 day moving average of $208.27. Universal Health Services, Inc. has a fifty-two week low of $152.33 and a fifty-two week high of $246.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08.

Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating the consensus estimate of $5.41 by $0.21. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the company posted $4.84 earnings per share. Universal Health Services’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that Universal Health Services, Inc. will post 23.34 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services’s dividend payout ratio (DPR) is 3.33%.

Analyst Upgrades and Downgrades

UHS has been the subject of a number of research reports. Guggenheim reduced their target price on shares of Universal Health Services from $238.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Zacks Research cut shares of Universal Health Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Stephens reduced their price objective on shares of Universal Health Services from $235.00 to $205.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. UBS Group reduced their price objective on shares of Universal Health Services from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Robert W. Baird reduced their price objective on shares of Universal Health Services from $241.00 to $204.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $220.94.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.