Universal Health Services (NYSE:UHS) Lowered to “Sector Perform” at Royal Bank of Canada

Royal Bank of Canada lowered shares of Universal Health Services (NYSE:UHS) from an outperform rating to a sector perform rating in a report released on Thursday, Analyst Price Targets reports. The firm currently has $165.00 price target on the health services provider’s stock, up from their previous price target of $160.00.

UHS has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their price target on Universal Health Services from $145.00 to $160.00 and gave the stock a buy rating in a research note on Monday, April 19th. Mizuho raised their target price on shares of Universal Health Services from $151.00 to $168.00 and gave the stock a buy rating in a research note on Wednesday, May 5th. Citigroup dropped their price target on shares of Universal Health Services from $162.00 to $151.00 in a research note on Tuesday, March 2nd. Finally, JPMorgan Chase & Co. reissued a sell rating and set a $115.00 target price on shares of Universal Health Services in a research note on Sunday, March 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $144.90.

Universal Health Services stock opened at $159.53 on Thursday. The stock has a market cap of $13.60 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.23 and a beta of 1.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.16. Universal Health Services has a fifty-two week low of $86.67 and a fifty-two week high of $162.51. The firm has a 50-day moving average price of $151.24.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Sunday, April 25th. The health services provider reported $2.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.17. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Universal Health Services had a return on equity of 16.37% and a net margin of 8.61%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. Sell-side analysts forecast that Universal Health Services will post 10.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Wednesday, June 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, June 1st. Universal Health Services’s dividend payout ratio (DPR) is presently 7.19%.

In other Universal Health Services news, Director Eileen C. Mcdonnell sold 2,483 shares of the firm’s stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $148.43, for a total transaction of $368,551.69. Following the completion of the transaction, the director now owns 9,737 shares of the company’s stock, valued at $1,445,262.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Jay Peterson sold 5,122 shares of the business’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $149.82, for a total value of $767,378.04. Following the completion of the transaction, the executive vice president now directly owns 7,576 shares of the company’s stock, valued at $1,135,036.32. The disclosure for this sale can be found here. Insiders sold a total of 13,818 shares of company stock worth $2,109,518 over the last quarter. Insiders own 13.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in UHS. Norges Bank acquired a new stake in shares of Universal Health Services during the 4th quarter worth about $103,554,000. Boston Partners boosted its position in Universal Health Services by 41.5% during the first quarter. Boston Partners now owns 1,936,974 shares of the health services provider’s stock worth $258,438,000 after acquiring an additional 567,789 shares during the last quarter. Glenview Capital Management LLC grew its stake in Universal Health Services by 85.7% in the 1st quarter. Glenview Capital Management LLC now owns 1,159,140 shares of the health services provider’s stock worth $154,618,000 after acquiring an additional 534,988 shares during the period. PFM Health Sciences LP acquired a new position in Universal Health Services in the 4th quarter valued at $60,781,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Universal Health Services by 154.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 505,108 shares of the health services provider’s stock worth $67,376,000 after purchasing an additional 306,336 shares during the period. 85.28% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals 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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