New York Life Investment Management LLC Sells 71 Shares of Universal Health Services, Inc. (NYSE:UHS)

New York Life Investment Management LLC lessened its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,986 shares of the health services provider’s stock after selling 71 shares during the period. New York Life Investment Management LLC’s holdings in Universal Health Services were worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Universal Health Services during the fourth quarter worth $29,000. Quent Capital LLC grew its holdings in Universal Health Services by 118.3% in the fourth quarter. Quent Capital LLC now owns 179 shares of the health services provider’s stock worth $32,000 after purchasing an additional 97 shares during the period. True Wealth Design LLC acquired a new stake in Universal Health Services in the third quarter worth $39,000. Huntington National Bank grew its holdings in Universal Health Services by 414.3% in the third quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock worth $41,000 after purchasing an additional 145 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in Universal Health Services in the third quarter worth $64,000. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stephens raised their price target on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $226.00 price target on shares of Universal Health Services in a report on Tuesday, December 17th. The Goldman Sachs Group cut shares of Universal Health Services from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $228.00 to $198.00 in a report on Monday, December 16th. Bank of America began coverage on shares of Universal Health Services in a report on Wednesday, November 6th. They issued a “neutral” rating and a $223.00 price target for the company. Finally, StockNews.com cut shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.77.

Universal Health Services Stock Up 0.2 %

UHS opened at $175.53 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The company’s 50-day moving average is $184.36 and its 200 day moving average is $204.46. Universal Health Services, Inc. has a fifty-two week low of $152.68 and a fifty-two week high of $243.25. The firm has a market capitalization of $11.58 billion, a P/E ratio of 11.67, a PEG ratio of 0.53 and a beta of 1.30.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Wednesday, February 26th. The health services provider reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.71. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.01 billion. Research analysts expect that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Health Services’s dividend payout ratio is 4.75%.

Insiders Place Their Bets

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,614 shares of Universal Health Services 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 sale, the director now owns 5,879 shares of the company’s stock, valued at approximately $1,123,770.85. The trade was a 21.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.