Chevy Chase Trust Holdings LLC Sells 714 Shares of Universal Health Services, Inc. (NYSE:UHS)

Chevy Chase Trust Holdings LLC decreased its position in Universal Health Services, Inc. (NYSE:UHS) by 2.2% during the third quarter, HoldingsChannel.com reports. The fund owned 31,880 shares of the health services provider’s stock after selling 714 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Universal Health Services were worth $7,301,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in Universal Health Services in the third quarter worth $32,000. Blue Trust Inc. grew its stake in shares of Universal Health Services by 1,284.6% in the 2nd quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock worth $33,000 after buying an additional 167 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Universal Health Services in the 2nd quarter worth $35,000. True Wealth Design LLC bought a new stake in shares of Universal Health Services in the 3rd quarter worth about $39,000. Finally, Huntington National Bank raised its position in shares of Universal Health Services by 414.3% during the 3rd quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock valued at $41,000 after buying an additional 145 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on UHS. Barclays boosted their price objective on Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada decreased their price target on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. StockNews.com lowered shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. TD Cowen reduced 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 note on Tuesday, November 26th. Finally, Wells Fargo & Company lowered their target price on shares of Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Health Services currently has a consensus rating of “Moderate Buy” and an average price target of $225.50.

Universal Health Services Stock Down 1.6 %

Shares of NYSE:UHS opened at $196.02 on Friday. The business’s 50 day moving average is $212.32 and its 200 day moving average is $207.71. The stock has a market cap of $12.93 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. Universal Health Services, Inc. has a 52-week low of $133.70 and a 52-week high of $243.25. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the company posted $2.55 EPS. Universal Health Services’s quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Universal Health Services, Inc. will post 15.88 EPS for the current year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Universal Health Services’s payout ratio is presently 5.32%.

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.