914,294 Shares in Universal Health Services, Inc. $UHS Bought by Norges Bank

Norges Bank acquired a new position in Universal Health Services, Inc. (NYSE:UHS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 914,294 shares of the health services provider’s stock, valued at approximately $199,334,000. Norges Bank owned 1.46% of Universal Health Services at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in Universal Health Services during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. grew its holdings in Universal Health Services by 320.0% during the third quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 96 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Universal Health Services during the fourth quarter valued at about $26,000. Founders Capital Management bought a new stake in Universal Health Services during the fourth quarter valued at about $28,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Universal Health Services during the second quarter valued at about $29,000. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Performance

NYSE UHS opened at $142.60 on Wednesday. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 5.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $173.10 and a 200-day moving average price of $201.48. Universal Health Services, Inc. has a twelve month low of $142.34 and a twelve month high of $246.32.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $0.21. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.39 billion. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.84 earnings per share. As a group, equities research analysts predict that Universal Health Services, Inc. will post 23.34 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Universal Health Services’s dividend payout ratio is 3.33%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UHS shares. Zacks Research lowered Universal Health Services from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wells Fargo & Company started coverage on Universal Health Services in a report on Monday. They set an “equal weight” rating and a $165.00 price target for the company. Raymond James Financial lowered Universal Health Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Mizuho cut their price target on Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, TD Cowen cut their price target on Universal Health Services from $245.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Universal Health Services has a consensus rating of “Hold” and a consensus price target of $218.63.

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.