CIBC Asset Management Inc Has $1.61 Million Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

CIBC Asset Management Inc increased its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 3.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,988 shares of the health services provider’s stock after buying an additional 314 shares during the period. CIBC Asset Management Inc’s holdings in Universal Health Services were worth $1,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Universal Health Services by 22.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider’s stock worth $9,721,000 after acquiring an additional 9,946 shares during the last quarter. Savant Capital LLC raised its position in Universal Health Services by 255.3% in the 4th quarter. Savant Capital LLC now owns 6,345 shares of the health services provider’s stock worth $1,138,000 after purchasing an additional 4,559 shares during the last quarter. Cerity Partners LLC lifted its holdings in Universal Health Services by 86.4% during the 3rd quarter. Cerity Partners LLC now owns 21,047 shares of the health services provider’s stock worth $4,820,000 after buying an additional 9,755 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Universal Health Services by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock valued at $274,248,000 after buying an additional 10,578 shares during the last quarter. Finally, Vestcor Inc increased its stake in shares of Universal Health Services by 1,436.5% in the 3rd quarter. Vestcor Inc now owns 54,070 shares of the health services provider’s stock valued at $12,383,000 after buying an additional 50,551 shares during the period. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UHS shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $226.00 price target on shares of Universal Health Services in a report on Tuesday, December 17th. Royal Bank of Canada lowered their price target on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Barclays increased their price objective on shares of Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com lowered shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Cantor Fitzgerald raised Universal Health Services from a “neutral” rating to an “overweight” rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.14.

Universal Health Services Price Performance

Shares of UHS opened at $179.93 on Friday. The stock has a 50 day simple moving average of $184.27 and a 200 day simple moving average of $206.17. Universal Health Services, Inc. has a 52-week low of $152.68 and a 52-week high of $243.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39. The firm has a market capitalization of $11.87 billion, a PE ratio of 11.96, a P/E/G ratio of 0.53 and a beta of 1.30.

Universal Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 3rd. Universal Health Services’s dividend payout ratio is 5.32%.

Insider Buying and Selling

In other news, Director Maria Ruderman Singer sold 1,614 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $191.15, for a total transaction of $308,516.10. Following the completion of the transaction, the director now directly owns 5,879 shares of the company’s stock, valued at $1,123,770.85. This represents a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.10% of the stock is currently owned by company insiders.

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. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.