Lazard Asset Management LLC Sells 80 Shares of Universal Health Services, Inc. (UHS)

Lazard Asset Management LLC cut its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,456 shares of the health services provider’s stock after selling 80 shares during the period. Lazard Asset Management LLC’s holdings in Universal Health Services were worth $1,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UHS. Westport Asset Management Inc. purchased a new position in Universal Health Services during the fourth quarter valued at approximately $11,099,000. AXA increased its position in Universal Health Services by 0.7% in the first quarter. AXA now owns 78,565 shares of the health services provider’s stock valued at $9,778,000 after buying an additional 566 shares during the last quarter. Creative Planning increased its position in Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock valued at $140,000 after buying an additional 17 shares during the last quarter. Cadence Capital Management LLC increased its position in Universal Health Services by 7.9% in the fourth quarter. Cadence Capital Management LLC now owns 2,082 shares of the health services provider’s stock valued at $221,000 after buying an additional 152 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Universal Health Services by 2.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 211,798 shares of the health services provider’s stock valued at $22,530,000 after buying an additional 6,052 shares during the last quarter. Institutional investors and hedge funds own 86.66% of the company’s stock.

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

Universal Health Services, Inc. (NYSE UHS) traded up 0.43% during midday trading on Friday, hitting $115.71. The company’s stock had a trading volume of 218,670 shares. The firm has a market cap of $11.19 billion, a P/E ratio of 15.79 and a beta of 1.13. The company’s 50 day moving average price is $117.90 and its 200 day moving average price is $117.43. Universal Health Services, Inc. has a 12 month low of $99.72 and a 12 month high of $138.77.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Tuesday, April 25th. The health services provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.03. Universal Health Services had a net margin of 7.23% and a return on equity of 15.99%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $1.98 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts expect that Universal Health Services, Inc. will post $8.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Tuesday, May 30th. Universal Health Services’s payout ratio is 5.46%.

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UHS has been the topic of several research analyst reports. Piper Jaffray Companies upgraded Universal Health Services from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $119.00 to $147.00 in a research note on Monday, March 6th. Mizuho upped their price objective on Universal Health Services from $115.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday, February 27th. Deutsche Bank AG initiated coverage on Universal Health Services in a research note on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price objective on the stock. BidaskClub downgraded Universal Health Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Finally, Morgan Stanley initiated coverage on Universal Health Services in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $124.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $139.82.

Universal Health Services Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UHS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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