New York Life Investment Management LLC Sells 71 Shares of Universal Health Services, Inc. (NYSE:UHS)

New York Life Investment Management LLC lowered its holdings in Universal Health Services, Inc. (NYSE:UHS) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,986 shares of the health services provider’s stock after selling 71 shares during the quarter. New York Life Investment Management LLC’s holdings in Universal Health Services were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position 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 valued at $9,721,000 after purchasing an additional 9,946 shares during the period. Savant Capital LLC grew its stake in Universal Health Services by 255.3% during the fourth quarter. Savant Capital LLC now owns 6,345 shares of the health services provider’s stock valued at $1,138,000 after acquiring an additional 4,559 shares in the last quarter. Abacus Planning Group Inc. grew its stake in Universal Health Services by 175.6% during the fourth quarter. Abacus Planning Group Inc. now owns 2,792 shares of the health services provider’s stock valued at $501,000 after acquiring an additional 1,779 shares in the last quarter. Cerity Partners LLC grew its stake in Universal Health Services by 86.4% during the third quarter. Cerity Partners LLC now owns 21,047 shares of the health services provider’s stock valued at $4,820,000 after acquiring an additional 9,755 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Universal Health Services by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock valued at $274,248,000 after acquiring an additional 10,578 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Insider Activity

In related news, Director Maria Ruderman Singer sold 1,614 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total transaction of $308,516.10. Following the completion of the sale, the director now directly owns 5,879 shares in the company, valued at $1,123,770.85. This represents a 21.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.10% of the stock is owned by corporate insiders.

Universal Health Services Price Performance

Shares of Universal Health Services stock opened at $175.53 on Tuesday. Universal Health Services, Inc. has a 52-week low of $152.68 and a 52-week high of $243.25. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.53 and a beta of 1.30. The company has a fifty day moving average of $184.36 and a 200-day moving average of $204.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, February 26th. The health services provider reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.71. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Equities research analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Universal Health Services’s dividend payout ratio (DPR) is 4.75%.

Analyst Upgrades and Downgrades

UHS has been the subject of several recent analyst reports. StockNews.com cut shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. TD Cowen reduced their price objective on shares of Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Cantor Fitzgerald raised shares of Universal Health Services from a “neutral” rating to an “overweight” rating in a research note on Monday, February 3rd. Bank of America assumed coverage on shares of Universal Health Services in a research note on Wednesday, November 6th. They set a “neutral” rating and a $223.00 price objective for the company. Finally, Stephens boosted their price target on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $228.77.

About Universal Health Services

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.