Blue Trust Inc. owns $33,000 worth of stock in Universal Health Services, Inc. (NYSE:UHS)

VaselineAugust 26, 2024

0 5 minutes read

Blue Trust Inc. increased its position in Universal Health Services, Inc. (NYSE:UHS – Free Report) by 1,284.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180 shares of the health services provider’s stock after acquiring an additional 167 shares during the period. Holdings of Blue Trust Inc. in Universal Health Services were worth $33,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in UHS. Vanguard Group Inc. increased its position in Universal Health Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,099,282 shares of the health services provider’s stock worth $1,295,335,000 after buying an additional 57,036 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Universal Health Services by 5.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,071,022 shares of the health services provider’s stock worth $315,707,000 after purchasing an additional 103,802 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Universal Health Services by 42.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 736,542 shares of the health services provider’s stock worth $112,278,000 after purchasing an additional 220,823 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Universal Health Services by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 582,809 shares of the health services provider’s stock worth $88,843,000 after purchasing an additional 5,557 shares during the last quarter. Finally, Balyasny Asset Management LP lifted its position in Universal Health Services by 32,501.2% during the 4th quarter. Balyasny Asset Management LP now owns 570,847 shares of the health services provider’s stock worth $87,020,000 , after buying an additional 569,096 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s shares.

Changes in Analyst Ratings

Several brokerages have recently issued reports on UHS. Barclays upgraded shares of Universal Health Services from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $198.00 to $256.00 in a research report on Friday. July 26. Stephens reissued an “equal weight” rating and set a $200.00 price objective on shares of Universal Health Services in a report on Thursday, July 25th. Baird RW raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price objective on Universal Health Services from $182.00 to $186.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, UBS Group boosted their price objective on Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Moderate Buy” and an average price target of $219.46, according to MarketBeat.

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Insiders place their bets

In other Universal Health Services news, EVP Matthew Jay Peterson sold 15,141 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $210.85, for a total transaction of $3,192,479.85. Following the sale, the executive vice president now directly owns 5,253 shares in the company, valued at approximately $1,107,595.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In other Universal Health Services news, EVP Matthew Jay Peterson sold 15,141 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $210.85, for a total transaction of $3,192,479.85. Following the sale, the executive vice president now directly owns 5,253 shares in the company, valued at approximately $1,107,595.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, Director Eileen C. Mcdonnell sold 2,535 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $209.55, for a total transaction of $531,209.25. Following the transaction, the director now directly owns 6,413 shares of the company’s stock, valued at $1,343,844.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,970 shares of company stock worth $4,653,535. Company insiders hold 16.10% of the company’s shares.

Universal Health Services stock performance

Shares of NYSE:UHS opened at $233.14 on Friday. The company has a market cap of $15.60 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 0.75 and a beta of 1.28. The company’s 50-day simple moving average is $200.04, and its 200-day simple moving average is $182.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28, and a quick ratio of 1.17. Universal Health Services, Inc. it has a fifty-two week low of $119.90 and a fifty-two week high of $233.76.

Universal Health Services (NYSE:UHS – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The healthcare provider reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.94. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. Universal Health Services had a net margin of 6.22% and a return on equity of 14.91%. Universal Health Services’ revenue for the quarter was up 10.1% on a year-over-year basis. In the same period last year, the company posted EPS of $2.53. As a group, sell-side analysts estimate that Universal Health Services, Inc. will post 15.91 earnings per share for the current year.

Universal Health Services announces dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents an annualized dividend of $0.80 and a yield of 0.34%. Universal Health Services’s dividend payout ratio (DPR) is currently 6.78%.

Universal Health Services declared that its Board of Directors has authorized a stock buyback program on Wednesday, July 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization allows the healthcare provider to acquire up to 8% of its shares through open market purchases. Stock buyback programs are often a sign that company management believes its stock is undervalued.

About Universal Health Services

(Free report)

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals and behavioral health care and outpatient facilities. It operates through the Hospital Acute Care Services and Behavioral Health Care Services segments. The company’s hospitals provide 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.