Sumitomo Mitsui DS Asset Management Company Ltd Has $1.30 Million Position in Universal Health Services, Inc. (NYSE:UHS)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Universal Health Services, Inc. (NYSE:UHS) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,253 shares of the health services provider’s stock after buying an additional 177 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Universal Health Services were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in Universal Health Services by 0.6% in the 3rd quarter. State Street Corp now owns 2,724,075 shares of the health services provider’s stock valued at $623,840,000 after buying an additional 17,527 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Universal Health Services by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,661,530 shares of the health services provider’s stock worth $379,403,000 after acquiring an additional 63,754 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 worth $274,248,000 after acquiring an additional 10,578 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Universal Health Services by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 603,705 shares of the health services provider’s stock valued at $138,254,000 after purchasing an additional 11,353 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Universal Health Services by 13.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 346,969 shares of the health services provider’s stock valued at $79,459,000 after purchasing an additional 41,218 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Universal Health Services

In other news, Director Maria Ruderman Singer sold 1,614 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total value of $308,516.10. Following the completion of the transaction, the director now directly owns 5,879 shares in the company, valued at approximately $1,123,770.85. This trade represents a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.10% of the company’s stock.

Universal Health Services Stock Performance

NYSE UHS opened at $185.93 on Wednesday. The firm has a market cap of $12.27 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $185.93 and its 200-day moving average is $207.89. Universal Health Services, Inc. has a 12-month low of $152.68 and a 12-month high of $243.25.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Universal Health Services’s dividend payout ratio is currently 5.32%.

Wall Street Analysts Forecast Growth

Several research firms have commented on UHS. Bank of America began coverage on shares of Universal Health Services in a research note on Wednesday, November 6th. They issued a “neutral” rating and a $223.00 price objective for the company. Wells Fargo & Company decreased their price target on Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. The Goldman Sachs Group cut Universal Health Services from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $228.00 to $198.00 in a research report on Monday, December 16th. TD Cowen decreased their target price on Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, StockNews.com downgraded shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Universal Health Services has a consensus rating of “Moderate Buy” and an average price target of $226.14.

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.