Xact Kapitalforvaltning AB lessened its holdings in Universal Health Services, Inc. (NYSE:UHS) by 8.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,286 shares of the health services provider’s stock after selling 1,283 shares during the period. Xact Kapitalforvaltning AB’s holdings in Universal Health Services were worth $1,911,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in Universal Health Services by 11,078.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,222,767 shares of the health services provider’s stock valued at $28,000 after acquiring an additional 3,193,937 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in Universal Health Services during the 1st quarter valued at approximately $40,000. Bessemer Group Inc. increased its stake in Universal Health Services by 40.0% during the 4th quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock valued at $43,000 after purchasing an additional 104 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in Universal Health Services during the 1st quarter valued at approximately $49,000. Finally, Doyle Wealth Management acquired a new position in Universal Health Services during the 4th quarter valued at approximately $58,000. 86.89% of the stock is owned by hedge funds and other institutional investors.
UHS stock traded down $0.32 during midday trading on Monday, hitting $130.07. 641,805 shares of the stock traded hands, compared to its average volume of 714,593. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.18. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.39 and a beta of 1.04. Universal Health Services, Inc. has a 1-year low of $109.37 and a 1-year high of $142.21. The company’s fifty day moving average is $123.76.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Friday, May 31st. Universal Health Services’s dividend payout ratio is currently 4.20%.
UHS has been the topic of a number of research reports. Barclays cut their price objective on shares of Universal Health Services from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lowered shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 price objective on the stock. in a research note on Monday, March 4th. They noted that the move was a valuation call. UBS Group reiterated a “buy” rating and issued a $151.00 price objective on shares of Universal Health Services in a research note on Friday, June 7th. Finally, BMO Capital Markets increased their price objective on shares of Universal Health Services to $146.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Universal Health Services presently has a consensus rating of “Hold” and an average target price of $143.53.
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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