Allworth Financial LP Increases Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Allworth Financial LP raised its stake in Universal Health Services, Inc. (NYSE:UHS) by 4,850.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,267 shares of the health services provider’s stock after purchasing an additional 3,201 shares during the period. Allworth Financial LP’s holdings in Universal Health Services were worth $611,000 as of its most recent SEC filing.

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

Universal Health Services Stock Performance

NYSE UHS opened at $183.90 on Friday. The firm has a market capitalization of $12.13 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.53 and a beta of 1.30. Universal Health Services, Inc. has a 1-year low of $152.68 and a 1-year high of $243.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The business’s 50-day simple moving average is $184.42 and its 200-day simple moving average is $206.39.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 0.44%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Health Services’s dividend payout ratio (DPR) is presently 5.32%.

Insider Buying and Selling

In related news, Director Maria Ruderman Singer sold 1,614 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $191.15, for a total transaction of $308,516.10. Following the transaction, the director now directly owns 5,879 shares of the company’s stock, valued at approximately $1,123,770.85. The trade was a 21.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UHS shares. TD Cowen decreased their price target on Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Royal Bank of Canada dropped their price target on 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 raised their price target on Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. StockNews.com cut Universal Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, The Goldman Sachs Group cut Universal Health Services from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $228.00 to $198.00 in a research report on Monday, December 16th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.14.

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.