Johnson Investment Counsel Inc. Lowers Holdings in Universal Health Services, Inc. (NYSE:UHS)

Johnson Investment Counsel Inc. trimmed its holdings in Universal Health Services, Inc. (NYSE:UHS) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,415 shares of the health services provider’s stock after selling 110 shares during the period. Johnson Investment Counsel Inc.’s holdings in Universal Health Services were worth $1,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in UHS. Squarepoint Ops LLC increased its holdings in shares of Universal Health Services by 118.8% in the first quarter. Squarepoint Ops LLC now owns 44,448 shares of the health services provider’s stock worth $5,929,000 after purchasing an additional 24,136 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Universal Health Services by 5.0% in the first quarter. GHP Investment Advisors Inc. now owns 28,455 shares of the health services provider’s stock worth $3,796,000 after purchasing an additional 1,355 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Universal Health Services by 157.5% during the second quarter. BNP Paribas Arbitrage SA now owns 43,286 shares of the health services provider’s stock worth $6,338,000 after acquiring an additional 26,478 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Health Services by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,481,030 shares of the health services provider’s stock worth $216,863,000 after acquiring an additional 40,779 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Universal Health Services by 17.3% during the second quarter. ProShare Advisors LLC now owns 14,864 shares of the health services provider’s stock worth $2,177,000 after acquiring an additional 2,188 shares during the last quarter. Institutional investors and hedge funds own 86.16% of the company’s stock.

Shares of UHS opened at $129.05 on Thursday. The business’s 50-day moving average is $146.82 and its two-hundred day moving average is $149.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.20. Universal Health Services, Inc. has a fifty-two week low of $103.35 and a fifty-two week high of $165.00. The company has a market capitalization of $10.73 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.87 and a beta of 1.20.

Universal Health Services (NYSE:UHS) last released its earnings results on Sunday, July 25th. The health services provider reported $3.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.75 by $1.01. Universal Health Services had a net margin of 8.88% and a return on equity of 16.97%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company posted $2.93 EPS. Analysts forecast that Universal Health Services, Inc. will post 12.09 EPS for the current year.

Universal Health Services declared that its Board of Directors has approved a stock buyback plan on Monday, July 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the health services provider to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.80 annualized dividend and a yield of 0.62%. Universal Health Services’s dividend payout ratio (DPR) is presently 7.19%.

In related news, Director Lawrence S. Gibbs sold 314 shares of Universal Health Services stock in a transaction that occurred on Wednesday, July 28th. The shares were sold at an average price of $160.00, for a total value of $50,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on UHS shares. Mizuho boosted their price objective on Universal Health Services from $168.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Barclays lowered Universal Health Services from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $170.00 to $156.00 in a report on Thursday, August 12th. Seaport Res Ptn reiterated a “buy” rating on shares of Universal Health Services in a report on Friday, July 9th. Cowen started coverage on Universal Health Services in a report on Thursday, September 9th. They issued an “outperform” rating and a $169.00 price target for the company. Finally, Citigroup boosted their price target on Universal Health Services from $170.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $155.71.

Universal Health Services Company Profile

Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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