BTC Capital Management Inc. Purchases 3,635 Shares of Universal Health Services, Inc. $UHS

BTC Capital Management Inc. raised its position in Universal Health Services, Inc. (NYSE:UHS) by 29.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,152 shares of the health services provider’s stock after purchasing an additional 3,635 shares during the period. BTC Capital Management Inc.’s holdings in Universal Health Services were worth $3,303,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in Universal Health Services by 320.0% in the third quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock valued at $26,000 after buying an additional 96 shares during the period. Root Financial Partners LLC bought a new position in shares of Universal Health Services in the 3rd quarter worth about $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Universal Health Services in the 2nd quarter worth about $29,000. MUFG Securities EMEA plc acquired a new position in shares of Universal Health Services in the 2nd quarter valued at about $31,000. Finally, Quent Capital LLC acquired a new position in shares of Universal Health Services in the 3rd quarter valued at about $37,000. 86.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UHS has been the subject of several recent analyst reports. Raymond James Financial set a $270.00 target price on Universal Health Services and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Zacks Research raised shares of Universal Health Services from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Barclays lowered their price objective on shares of Universal Health Services from $263.00 to $262.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Mizuho set a $242.00 target price on shares of Universal Health Services in a research report on Tuesday, October 28th. Finally, Guggenheim raised their price target on shares of Universal Health Services from $253.00 to $274.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Universal Health Services has an average rating of “Hold” and a consensus target price of $234.13.

Universal Health Services Stock Performance

Shares of UHS opened at $234.86 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.03. The stock has a 50 day moving average price of $215.39 and a two-hundred day moving average price of $206.48. The firm has a market capitalization of $14.67 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.73 and a beta of 1.26. Universal Health Services, Inc. has a 52 week low of $152.33 and a 52 week high of $246.32.

Universal Health Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 2nd. Universal Health Services’s payout ratio is currently 3.80%.

About Universal Health Services

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.