500 Shares in Universal Health Services, Inc. (NYSE:UHS) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new stake in shares of Universal Health Services, Inc. (NYSE:UHS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 500 shares of the health services provider’s stock, valued at approximately $115,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. bought a new position in shares of Universal Health Services in the 1st quarter valued at approximately $32,000. Blue Trust Inc. raised its position in shares of Universal Health Services by 1,284.6% in the second quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 167 shares during the period. Innealta Capital LLC acquired a new stake in shares of Universal Health Services in the second quarter worth $35,000. Headlands Technologies LLC bought a new stake in shares of Universal Health Services during the 1st quarter worth $36,000. Finally, Mather Group LLC. acquired a new position in Universal Health Services in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on UHS. Barclays upgraded shares of Universal Health Services from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $198.00 to $256.00 in a report on Friday, July 26th. UBS Group lifted their price target on Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada upped their price target on Universal Health Services from $189.00 to $222.00 and gave the stock a “sector perform” rating in a report on Monday, September 9th. Baird R W raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. Finally, TD Cowen upped their target price on shares of Universal Health Services from $183.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Universal Health Services currently has a consensus rating of “Moderate Buy” and an average price target of $224.92.

Universal Health Services Price Performance

Shares of Universal Health Services stock opened at $215.68 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.17 and a current ratio of 1.28. The firm’s 50-day simple moving average is $227.66 and its 200-day simple moving average is $195.79. The firm has a market cap of $14.39 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. Universal Health Services, Inc. has a twelve month low of $119.90 and a twelve month high of $243.25.

Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, July 24th. The health services provider reported $4.31 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.94. Universal Health Services had a net margin of 6.22% and a return on equity of 14.91%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts expect that Universal Health Services, Inc. will post 15.91 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.37%. Universal Health Services’s dividend payout ratio is currently 6.78%.

Universal Health Services announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 24th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the health services provider to repurchase up to 8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Universal Health Services

In other Universal Health Services news, Director Warren J. Nimetz sold 3,444 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $217.64, for a total value of $749,552.16. Following the completion of the transaction, the director now directly owns 3,971 shares of the company’s stock, valued at approximately $864,248.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Universal Health Services news, Director Eileen C. Mcdonnell sold 2,535 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $209.55, for a total value of $531,209.25. Following the sale, the director now owns 6,413 shares in the company, valued at approximately $1,343,844.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Warren J. Nimetz sold 3,444 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $217.64, for a total transaction of $749,552.16. Following the transaction, the director now directly owns 3,971 shares of the company’s stock, valued at $864,248.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,970 shares of company stock worth $4,653,535. 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.