American International Group Inc. Sells 4,548 Shares of Universal Health Services, Inc. (UHS)

American International Group Inc. decreased its stake in Universal Health Services, Inc. (NYSE:UHS) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,350 shares of the health services provider’s stock after selling 4,548 shares during the period. American International Group Inc.’s holdings in Universal Health Services were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of UHS. Creative Planning increased its stake in shares of Universal Health Services by 2.4% in the second quarter. Creative Planning now owns 1,152 shares of the health services provider’s stock valued at $141,000 after buying an additional 27 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Universal Health Services by 12.0% in the second quarter. Russell Investments Group Ltd. now owns 19,916 shares of the health services provider’s stock valued at $2,433,000 after buying an additional 2,141 shares during the period. Rothschild Asset Management Inc. increased its stake in shares of Universal Health Services by 25.9% in the second quarter. Rothschild Asset Management Inc. now owns 6,220 shares of the health services provider’s stock valued at $759,000 after buying an additional 1,280 shares during the period. CIBC Asset Management Inc increased its stake in shares of Universal Health Services by 1.6% in the second quarter. CIBC Asset Management Inc now owns 11,643 shares of the health services provider’s stock valued at $1,421,000 after buying an additional 180 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Universal Health Services by 1.3% in the second quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock valued at $201,000 after buying an additional 21 shares during the period. 86.13% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on UHS. Credit Suisse Group decreased their price target on Universal Health Services from $126.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $126.00 price target on shares of Universal Health Services in a research note on Friday, October 27th. Citigroup cut their target price on Universal Health Services from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating and set a $117.00 target price on shares of Universal Health Services in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and set a $122.00 target price on shares of Universal Health Services in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Universal Health Services has an average rating of “Hold” and an average price target of $126.31.

Shares of Universal Health Services, Inc. (NYSE:UHS) traded up $1.22 during trading hours on Friday, reaching $111.56. The company’s stock had a trading volume of 1,490,382 shares, compared to its average volume of 1,013,608. The company has a market capitalization of $10,472.26, a price-to-earnings ratio of 14.75, a P/E/G ratio of 2.51 and a beta of 0.97. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. Universal Health Services, Inc. has a 1-year low of $95.26 and a 1-year high of $129.74.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.27). The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. Universal Health Services had a return on equity of 11.70% and a net margin of 5.72%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. equities research analysts expect that Universal Health Services, Inc. will post 7.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.36%. Universal Health Services’s payout ratio is currently 5.49%.

Universal Health Services declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 15th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the health services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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