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

Oppenheimer & Co. Inc. bought a new stake in Universal Health Services, Inc. (NYSE:UHS) during the third quarter, Holdings Channel.com reports. The fund bought 1,642 shares of the health services provider’s stock, valued at approximately $376,000.

Other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. raised its holdings in Universal Health Services by 362.3% in the second quarter. Point72 Asset Management L.P. now owns 322,626 shares of the health services provider’s stock worth $59,663,000 after purchasing an additional 252,846 shares in the last quarter. Marshall Wace LLP raised its position in shares of Universal Health Services by 357.9% during the 2nd quarter. Marshall Wace LLP now owns 261,221 shares of the health services provider’s stock valued at $48,308,000 after purchasing an additional 204,178 shares during the period. Lazard Asset Management LLC grew its holdings in Universal Health Services by 1,191.8% during the 1st quarter. Lazard Asset Management LLC now owns 215,215 shares of the health services provider’s stock valued at $39,267,000 after buying an additional 198,555 shares in the last quarter. Goldentree Asset Management LP bought a new position in Universal Health Services during the first quarter valued at approximately $21,378,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Universal Health Services by 408.2% in the 2nd quarter. Mackenzie Financial Corp now owns 140,561 shares of the health services provider’s stock valued at $25,994,000 after acquiring an additional 112,902 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UHS. Wells Fargo & Company lifted their target price on Universal Health Services from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Barclays lifted their target price on Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $219.00 target price on shares of Universal Health Services in a report on Friday, October 25th. Bank of America began coverage on Universal Health Services in a report on Wednesday, November 6th. They set a “neutral” rating and a $223.00 target price for the company. Finally, The Goldman Sachs Group upped their target price on Universal Health Services from $200.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Six 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 company. According to MarketBeat, Universal Health Services has a consensus rating of “Moderate Buy” and a consensus price target of $231.14.

Universal Health Services Stock Up 0.0 %

Shares of NYSE UHS opened at $197.59 on Friday. Universal Health Services, Inc. has a 1 year low of $133.70 and a 1 year high of $243.25. The firm’s 50-day moving average is $218.71 and its 200-day moving average is $205.89. 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 firm has a market capitalization of $13.04 billion, a PE 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 posted its earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). The business 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%. Universal Health Services’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.55 earnings per share. Equities analysts expect that Universal Health Services, Inc. will post 15.93 EPS for the current year.

Universal Health Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. Universal Health Services’s dividend payout ratio (DPR) is currently 5.32%.

Universal Health Services 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.