Universal Health Services, Inc. (NYSE:UHS – Get Rating) – Investment analysts at Zacks Research upped their Q2 2023 earnings estimates for Universal Health Services in a report released on Thursday, June 1st. Zacks Research analyst D. Chatterjee now forecasts that the health services provider will post earnings of $2.44 per share for the quarter, up from their prior forecast of $2.41. The consensus estimate for Universal Health Services’ current full-year earnings is $10.27 per share. Zacks Research also issued estimates for Universal Health Services’ Q3 2023 earnings at $2.39 EPS, FY2023 earnings at $10.03 EPS, Q1 2024 earnings at $2.38 EPS, Q2 2024 earnings at $2.67 EPS and Q4 2024 earnings at $2.99 EPS.
UHS has been the topic of several other reports. Wells Fargo & Company reduced their target price on Universal Health Services from $154.00 to $138.00 and set an “equal weight” rating on the stock in a report on Monday, March 6th. Mizuho raised their price objective on Universal Health Services from $140.00 to $150.00 in a research report on Tuesday, May 16th. VNET Group reissued a “maintains” rating on shares of Universal Health Services in a report on Thursday, April 27th. Deutsche Bank Aktiengesellschaft upped their target price on Universal Health Services from $145.00 to $155.00 in a report on Thursday, April 27th. Finally, 888 reissued a “maintains” rating on shares of Universal Health Services in a research note on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Universal Health Services has a consensus rating of “Hold” and an average price target of $140.50.
Universal Health Services Stock Performance
Universal Health Services (NYSE:UHS – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The health services provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.19. Universal Health Services had a net margin of 5.05% and a return on equity of 12.33%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the company earned $2.15 EPS. Universal Health Services’s revenue was up 5.3% on a year-over-year basis.
Institutional Investors Weigh In On Universal Health Services
Several institutional investors have recently modified their holdings of UHS. Belpointe Asset Management LLC acquired a new position in shares of Universal Health Services in the 4th quarter valued at about $25,000. Bessemer Group Inc. raised its holdings in shares of Universal Health Services by 76.4% in the 4th quarter. Bessemer Group Inc. now owns 187 shares of the health services provider’s stock worth $26,000 after purchasing an additional 81 shares during the period. Spire Wealth Management acquired a new stake in Universal Health Services during the 4th quarter valued at approximately $29,000. Ronald Blue Trust Inc. lifted its holdings in shares of Universal Health Services by 4,785.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 342 shares of the health services provider’s stock worth $30,000 after purchasing an additional 335 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in Universal Health Services by 33.3% during the first quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after buying an additional 100 shares during the period. 87.17% of the stock is owned by institutional investors.
Insider Transactions at Universal Health Services
In other Universal Health Services news, CEO Marc D. Miller sold 44,110 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $142.65, for a total transaction of $6,292,291.50. Following the transaction, the chief executive officer now directly owns 160,383 shares in the company, valued at approximately $22,878,634.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Marc D. Miller sold 44,110 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $142.65, for a total value of $6,292,291.50. Following the completion of the sale, the chief executive officer now owns 160,383 shares in the company, valued at approximately $22,878,634.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen C. Mcdonnell sold 1,680 shares of Universal Health Services stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $134.64, for a total value of $226,195.20. Following the completion of the transaction, the director now directly owns 5,316 shares in the company, valued at $715,746.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,690 shares of company stock valued at $10,532,212. 15.40% of the stock is currently owned by insiders.
Universal Health Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.20 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.59%. Universal Health Services’s payout ratio is presently 8.50%.
About Universal Health Services
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.
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