Pictet Asset Management SA Has $2.67 Million Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Posted by Defense World Staff on Feb 26th, 2023

Pictet Asset Management SA raised its stake in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,244 shares of the health services provider’s stock after buying an additional 432 shares during the quarter. Pictet Asset Management SA’s holdings in Universal Health Services were worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Universal Health Services by 1.9% in the first quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock valued at $1,138,729,000 after buying an additional 146,820 shares during the period. FMR LLC boosted its position in Universal Health Services by 3.6% during the second quarter. FMR LLC now owns 5,580,653 shares of the health services provider’s stock valued at $562,028,000 after purchasing an additional 195,345 shares during the last quarter. BlackRock Inc. boosted its position in Universal Health Services by 2.3% during the first quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock valued at $728,594,000 after purchasing an additional 113,259 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Universal Health Services by 12.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,788,886 shares of the health services provider’s stock valued at $157,743,000 after buying an additional 197,974 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Universal Health Services by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,101,218 shares of the health services provider’s stock valued at $97,105,000 after buying an additional 8,038 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on UHS shares. TheStreet upgraded Universal Health Services from a “c+” rating to a “b-” rating in a research note on Monday, December 5th. UBS Group upgraded Universal Health Services from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $113.00 to $167.00 in a research report on Tuesday, January 24th. StockNews.com upgraded Universal Health Services from a “hold” rating to a “buy” rating in a research report on Friday, December 23rd. Bank of America raised Universal Health Services from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $120.00 to $145.00 in a report on Friday, December 16th. Finally, Credit Suisse Group lifted their target price on Universal Health Services from $129.00 to $157.00 and gave the stock an “outperform” rating in a report on Friday, November 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Universal Health Services presently has an average rating of “Hold” and a consensus price target of $134.80.

Universal Health Services Stock Down 0.1 %

Shares of NYSE:UHS opened at $146.92 on Friday. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 4.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.27 and a quick ratio of 1.15. The business’s 50-day moving average is $145.75 and its 200-day moving average is $121.77. Universal Health Services, Inc. has a 1 year low of $82.50 and a 1 year high of $158.28.

Universal Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, February 28th. Universal Health Services’s dividend payout ratio is 8.23%.

About Universal Health Services

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Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.