CIBC Asset Management Inc Has $1.61 Million Holdings in Universal Health Services, Inc. (NYSE:UHS)

CIBC Asset Management Inc increased its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,988 shares of the health services provider’s stock after acquiring an additional 314 shares during the period. CIBC Asset Management Inc’s holdings in Universal Health Services were worth $1,613,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. R Squared Ltd acquired a new position in Universal Health Services during the fourth quarter valued at approximately $29,000. Financial Management Professionals Inc. bought a new stake in shares of Universal Health Services during the 3rd quarter worth $32,000. Quent Capital LLC grew its stake in Universal Health Services by 118.3% in the 4th quarter. Quent Capital LLC now owns 179 shares of the health services provider’s stock valued at $32,000 after buying an additional 97 shares during the last quarter. True Wealth Design LLC bought a new position in Universal Health Services in the 3rd quarter worth $39,000. Finally, Huntington National Bank lifted its position in Universal Health Services by 414.3% during the 3rd quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock worth $41,000 after acquiring an additional 145 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on UHS shares. Cantor Fitzgerald upgraded Universal Health Services from a “neutral” rating to an “overweight” rating in a research note on Monday, February 3rd. Barclays lifted their price target on Universal Health Services from $256.00 to $271.00 and gave the stock 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. TD Cowen dropped their target price on shares of Universal Health Services from $275.00 to $251.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada reduced their price target on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $226.14.

Universal Health Services Stock Down 2.3 %

NYSE UHS opened at $179.93 on Friday. Universal Health Services, Inc. has a 1-year low of $152.68 and a 1-year high of $243.25. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.53 and a beta of 1.30. The stock’s 50 day moving average is $184.27 and its two-hundred day moving average is $206.17. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis 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 5.32%.

Insiders Place Their Bets

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,614 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total value of $308,516.10. Following the transaction, the director now directly owns 5,879 shares in the company, valued at $1,123,770.85. The trade was a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.10% of the company’s stock.

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.