Commerce Bank Sells 469 Shares of Universal Health Services, Inc. (NYSE:UHS)
by Danessa Lincoln · The Markets DailyCommerce Bank trimmed its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,684 shares of the health services provider’s stock after selling 469 shares during the period. Commerce Bank’s holdings in Universal Health Services were worth $1,068,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Universal Health Services by 49.3% during the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider’s stock worth $38,000 after purchasing an additional 67 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Universal Health Services by 5.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,266 shares of the health services provider’s stock worth $227,000 after buying an additional 71 shares during the period. MetLife Investment Management LLC increased its position in Universal Health Services by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 15,512 shares of the health services provider’s stock worth $2,783,000 after buying an additional 80 shares during the period. IFP Advisors Inc lifted its holdings in shares of Universal Health Services by 6.7% during the first quarter. IFP Advisors Inc now owns 1,315 shares of the health services provider’s stock worth $247,000 after buying an additional 82 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Universal Health Services by 1.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,338 shares of the health services provider’s stock valued at $1,379,000 after acquiring an additional 85 shares during the period. 86.05% of the stock is currently owned by institutional investors.
Insider Activity
In other Universal Health Services news, Director Maria Ruderman Singer sold 1,097 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $191.48, for a total transaction of $210,053.56. Following the sale, the director owned 7,884 shares of the company’s stock, valued at $1,509,628.32. This represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.40% of the stock is owned by corporate insiders.
Analyst Ratings Changes
UHS has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Universal Health Services from $215.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday. Bank of America lowered shares of Universal Health Services from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $215.00 to $185.00 in a research report on Wednesday, July 16th. Robert W. Baird reiterated a “neutral” rating and issued a $224.00 target price (down previously from $274.00) on shares of Universal Health Services in a research note on Tuesday, April 15th. Stephens upgraded Universal Health Services to a “hold” rating in a research report on Monday, June 2nd. Finally, Baird R W downgraded shares of Universal Health Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.54.
Read Our Latest Stock Analysis on UHS
Universal Health Services Stock Performance
NYSE:UHS opened at $164.76 on Wednesday. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $243.25. The firm has a 50 day moving average of $175.97 and a 200-day moving average of $179.57. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $10.71 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24.
Universal Health Services (NYSE:UHS – Get Free Report) last released its quarterly earnings results on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.85 by $0.50. Universal Health Services had a return on equity of 18.22% and a net margin of 7.66%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the firm posted $4.31 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.
Universal Health Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Universal Health Services’s payout ratio is currently 4.21%.
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.
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