Oppenheimer & Co. Inc. Acquires Shares of 1,642 Universal Health Services, Inc. (NYSE:UHS)

Oppenheimer & Co. Inc. acquired a new stake in Universal Health Services, Inc. (NYSE:UHS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,642 shares of the health services provider’s stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UHS. Financial Management Professionals Inc. purchased a new position in Universal Health Services in the third quarter worth approximately $32,000. Blue Trust Inc. boosted its stake in shares of Universal Health Services by 1,284.6% in the 2nd quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock valued at $33,000 after buying an additional 167 shares during the period. Innealta Capital LLC acquired a new stake in Universal Health Services in the second quarter valued at approximately $35,000. LRI Investments LLC acquired a new stake in Universal Health Services in the first quarter valued at approximately $43,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Universal Health Services by 41.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 251 shares of the health services provider’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Stock Up 0.0 %

Universal Health Services stock opened at $197.59 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $218.71 and a 200 day simple moving average of $205.89. Universal Health Services, Inc. has a 1-year low of $133.70 and a 1-year high of $243.25. The company has a market cap of $13.04 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29.

Universal Health Services (NYSE:UHS) last announced its earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing the consensus estimate of $3.75 by ($0.04). The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.55 EPS. Research analysts anticipate that Universal Health Services, Inc. will post 15.93 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date is Tuesday, December 3rd. Universal Health Services’s dividend payout ratio (DPR) is currently 5.32%.

Wall Street Analysts Forecast Growth

Several research firms have commented on UHS. Robert W. Baird upped their price objective on Universal Health Services from $236.00 to $274.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $219.00 price target on shares of Universal Health Services in a report on Friday, October 25th. TD Cowen decreased their price target on Universal Health Services from $283.00 to $275.00 and set a “buy” rating for the company in a report on Monday, October 28th. Bank of America initiated coverage on Universal Health Services in a research report on Wednesday, November 6th. They issued a “neutral” rating and a $223.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on Universal Health Services from $200.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.14.

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.