Universal Health Services, Inc. (NYSE:UHS) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its stake in Universal Health Services, Inc. (NYSE:UHS) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,474 shares of the health services provider’s stock after selling 782 shares during the period. Parsons Capital Management Inc. RI’s holdings in Universal Health Services were worth $2,238,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UHS. Financial Management Professionals Inc. acquired a new position in shares of Universal Health Services in the 3rd quarter valued at $32,000. True Wealth Design LLC purchased a new position in shares of Universal Health Services in the 3rd quarter worth $39,000. Huntington National Bank raised its position in shares of Universal Health Services by 414.3% in the 3rd quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock worth $41,000 after buying an additional 145 shares during the period. Sentry Investment Management LLC acquired a new position in Universal Health Services in the third quarter valued at $64,000. Finally, Mather Group LLC. grew its position in Universal Health Services by 31.6% during the third quarter. Mather Group LLC. now owns 283 shares of the health services provider’s stock valued at $65,000 after acquiring an additional 68 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Universal Health Services

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,614 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $191.15, for a total transaction of $308,516.10. Following the sale, the director now owns 5,879 shares in the company, valued at $1,123,770.85. This represents a 21.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 16.10% of the stock is currently owned by insiders.

Universal Health Services Stock Performance

Shares of UHS opened at $191.35 on Tuesday. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.54 and a beta of 1.30. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $188.51 and its two-hundred day moving average is $207.80. Universal Health Services, Inc. has a 52-week low of $152.68 and a 52-week high of $243.25.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.80 annualized dividend and a yield of 0.42%. Universal Health Services’s dividend payout ratio is presently 5.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UHS. The Goldman Sachs Group lowered Universal Health Services from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $228.00 to $198.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $226.00 price objective on shares of Universal Health Services in a research note on Tuesday, December 17th. Barclays increased their price objective on shares of Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Royal Bank of Canada reduced their target price on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, KeyCorp assumed coverage on Universal Health Services in a report on Friday, October 11th. They issued a “sector weight” rating for the company. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.14.

Universal Health Services Company Profile

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.