Epoch Investment Partners Inc. Trims Stake in Universal Health Services, Inc. (UHS)
Epoch Investment Partners Inc. lowered its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 517,778 shares of the health services provider’s stock after selling 10,446 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.54% of Universal Health Services worth $57,442,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UHS. Creative Planning increased its position in shares of Universal Health Services by 2.4% during the 2nd quarter. Creative Planning now owns 1,152 shares of the health services provider’s stock valued at $141,000 after purchasing an additional 27 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Universal Health Services in the 2nd quarter worth approximately $150,000. Seven Bridges Advisors LLC purchased a new stake in Universal Health Services in the 2nd quarter worth approximately $158,000. Stratos Wealth Partners LTD. increased its holdings in Universal Health Services by 1.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock worth $201,000 after acquiring an additional 21 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Universal Health Services in the 3rd quarter worth approximately $205,000. 86.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Universal Health Services, Inc. (NYSE:UHS) traded down $1.80 on Tuesday, reaching $106.26. 876,400 shares of the company’s stock were exchanged, compared to its average volume of 787,055. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26. Universal Health Services, Inc. has a twelve month low of $95.26 and a twelve month high of $129.74. The stock has a market cap of $10,255.87, a price-to-earnings ratio of 14.45, a P/E/G ratio of 2.46 and a beta of 0.97.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.27). Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business earned $1.60 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. equities research analysts expect that Universal Health Services, Inc. will post 7.36 EPS for the current year.
Universal Health Services announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 15th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the health services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, November 30th. Universal Health Services’s dividend payout ratio (DPR) is currently 5.49%.
UHS has been the subject of several analyst reports. Morgan Stanley reduced their target price on shares of Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $126.00 target price on shares of Universal Health Services in a report on Friday, October 27th. Zacks Investment Research raised shares of Universal Health Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Leerink Swann increased their target price on shares of Universal Health Services from $130.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, September 22nd. Finally, Citigroup reduced their target price on shares of Universal Health Services from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Universal Health Services has a consensus rating of “Hold” and an average target price of $126.31.
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About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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