In yesterday’s Wall Street session, Universal Health Services Inc. (NYSE:UHS) shares traded at $134.57, down -0.10% from the previous session.
UHS stock price is now -5.54% away from the 50-day moving average and -2.50% away from the 200-day moving average. The market capitalization of the company currently stands at $9.35B.
With the price target maintained at $163, BofA Securities recently Upgraded its rating from Neutral to Buy for Universal Health Services Inc. (NYSE: UHS).
In other news, Nimetz Warren J., Director sold 800 shares of the company’s stock on Jun 13. The stock was sold for $112,776 at an average price of $140.97. Upon completion of the transaction, the Director now directly owns 2,944 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director McDonnell Eileen C. sold 1,680 shares of the business’s stock. A total of $226,189 was realized by selling the stock at an average price of $134.64. This leaves the insider owning 5,316 shares of the company worth $0.72 million. Insiders disposed of 1,027,178 shares of company stock worth roughly $138.23 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UHS stock. A new stake in Universal Health Services Inc. shares was purchased by IRON TRIANGLE PARTNERS LP during the first quarter worth $63,248,000. JUNTO CAPITAL MANAGEMENT LP invested $27,109,000 in shares of UHS during the first quarter. In the first quarter, TODD ASSET MANAGEMENT LLC acquired a new stake in Universal Health Services Inc. valued at approximately $21,663,000. EMINENCE CAPITAL, LP acquired a new stake in UHS for approximately $13,179,000. WALLEYE CAPITAL LLC purchased a new stake in UHS valued at around $10,913,000 in the second quarter. In total, there are 644 active investors with 96.09% ownership of the company’s stock.
Friday morning saw Universal Health Services Inc. (NYSE: UHS) opened at $135.71. During the past 12 months, Universal Health Services Inc. has had a low of $82.50 and a high of $158.57. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 1.30, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $14.43B, which is based on a 13.97 price-to-earnings ratio, a 1.34 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for UHS is $142.15 and a two-hundred day moving average price translates $138.06 for the stock.
The latest earnings results from Universal Health Services Inc. (NYSE: UHS) was released for Jun, 2023. According to the Medical Care Facilities Company, earnings per share came in at $2.53, beating analysts’ expectations of $2.43 by 0.1. This compares to $2.13 EPS in the same period last year. The net profit margin was 5.00% and return on equity was 11.60% for UHS. The company reported revenue of $3.55 billion for the quarter, compared to $3.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.76 percent. For the current quarter, analysts expect UHS to generate $3.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 0.59% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, UHS is presently at 8.20%.
Universal Health Services Inc.(UHS) Company Profile
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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. The company also provides commercial health insurance services; and various management services, which include central purchasing, information, finance and control systems, facilities planning, physician recruitment, administrative personnel management, marketing, and public relations services. Universal Health Services, Inc. founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
