Harvest Fund Management Co. Ltd Decreases Position in Universal Health Services, Inc. (NYSE:UHS)

Harvest Fund Management Co. Ltd lowered its position in Universal Health Services, Inc. (NYSE:UHS) by 16.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,192 shares of the health services provider’s stock after selling 1,010 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Universal Health Services were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UHS. Financial Management Professionals Inc. acquired a new position in Universal Health Services during the third quarter worth $32,000. Blue Trust Inc. raised its holdings 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 purchasing an additional 167 shares during the period. Innealta Capital LLC purchased a new position in shares of Universal Health Services in the 2nd quarter worth about $35,000. Huntington National Bank grew its stake in shares of Universal Health Services by 414.3% in the third 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. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Universal Health Services by 41.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 251 shares of the health services provider’s stock valued at $46,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Up 0.7 %

NYSE:UHS opened at $199.34 on Tuesday. The stock’s fifty day moving average price is $217.31 and its two-hundred day moving average price is $206.76. Universal Health Services, Inc. has a 52-week low of $133.70 and a 52-week high of $243.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 0.63 and a beta of 1.29.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.75 by ($0.04). The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.90 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.55 EPS. On average, analysts anticipate that Universal Health Services, Inc. will post 15.93 EPS for the current year.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Tuesday, December 3rd. Universal Health Services’s dividend payout ratio (DPR) is currently 5.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com lowered Universal Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. KeyCorp initiated coverage on Universal Health Services in a report on Friday, October 11th. They issued a “sector weight” rating on the stock. Bank of America initiated coverage on Universal Health Services in a research note on Wednesday, November 6th. They set a “neutral” rating and a $223.00 target price on the stock. UBS Group lifted their target price on Universal Health Services from $247.00 to $267.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price objective on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Universal Health Services has an average rating of “Moderate Buy” and a consensus target price of $227.21.

About Universal Health Services

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.