WBI Investments Inc. acquired a new stake in shares of Universal Health Services (NYSE:UHS) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 134,791 shares of the health services provider’s stock, valued at approximately $15,960,000. WBI Investments Inc. owned approximately 0.14% of Universal Health Services at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in Universal Health Services during the 4th quarter valued at about $127,000. Parametrica Management Ltd bought a new stake in Universal Health Services during the 1st quarter valued at about $201,000. NuWave Investment Management LLC bought a new stake in Universal Health Services during the 1st quarter valued at about $205,000. Commerce Bank bought a new stake in Universal Health Services during the 1st quarter valued at about $208,000. Finally, Wetherby Asset Management Inc. bought a new stake in Universal Health Services during the 1st quarter valued at about $213,000. Institutional investors own 84.96% of the company’s stock.
Shares of Universal Health Services stock traded down $0.77 on Thursday, reaching $115.76. The stock had a trading volume of 2,091 shares, compared to its average volume of 936,468. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.72. Universal Health Services has a 1 year low of $95.26 and a 1 year high of $128.15. The company has a market cap of $11.20 billion, a P/E ratio of 15.48, a PEG ratio of 1.14 and a beta of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 31st. Universal Health Services’s payout ratio is currently 5.31%.
Several equities research analysts have recently commented on UHS shares. Mizuho set a $137.00 price target on shares of Universal Health Services and gave the company a “buy” rating in a report on Wednesday, January 24th. Wells Fargo & Co started coverage on shares of Universal Health Services in a report on Tuesday, January 30th. They issued an “outperform” rating and a $144.00 price target for the company. Zacks Investment Research upgraded shares of Universal Health Services from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Wednesday, January 31st. Stephens set a $120.00 price target on shares of Universal Health Services and gave the company a “hold” rating in a report on Thursday, March 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $130.00 price target (up previously from $125.00) on shares of Universal Health Services in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Universal Health Services presently has an average rating of “Buy” and a consensus target price of $133.13.
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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