Passumpsic Savings Bank Takes $2.09 Million Position in Universal Health Services, Inc. (NYSE:UHS)

Passumpsic Savings Bank acquired a new stake in Universal Health Services, Inc. (NYSE:UHS) in the fourth quarter, Holdings Channel.com reports. The fund acquired 11,649 shares of the health services provider’s stock, valued at approximately $2,090,000.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Universal Health Services by 22.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider’s stock valued at $9,721,000 after buying an additional 9,946 shares in the last quarter. Savant Capital LLC grew its stake in shares of Universal Health Services by 255.3% in the fourth quarter. Savant Capital LLC now owns 6,345 shares of the health services provider’s stock valued at $1,138,000 after buying an additional 4,559 shares in the last quarter. Cerity Partners LLC boosted its holdings in Universal Health Services by 86.4% in the third quarter. Cerity Partners LLC now owns 21,047 shares of the health services provider’s stock valued at $4,820,000 after purchasing an additional 9,755 shares during the period. JPMorgan Chase & Co. boosted its holdings in Universal Health Services by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock valued at $274,248,000 after purchasing an additional 10,578 shares during the period. Finally, Vestcor Inc boosted its holdings in Universal Health Services by 1,436.5% in the third quarter. Vestcor Inc now owns 54,070 shares of the health services provider’s stock valued at $12,383,000 after purchasing an additional 50,551 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,614 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $191.15, for a total value of $308,516.10. Following the completion of the sale, the director now directly owns 5,879 shares of the company’s stock, valued at approximately $1,123,770.85. The trade was a 21.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.10% of the company’s stock.

Universal Health Services Stock Down 2.3 %

Shares of NYSE UHS opened at $179.93 on Friday. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The business has a 50-day moving average of $184.27 and a two-hundred day moving average of $206.17. Universal Health Services, Inc. has a 1 year low of $152.68 and a 1 year high of $243.25.

Universal Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 3rd. Universal Health Services’s payout ratio is currently 5.32%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $226.00 target price on shares of Universal Health Services in a report on Tuesday, December 17th. The Goldman Sachs Group lowered Universal Health Services from a “buy” rating to a “neutral” rating and decreased their target price for the company from $228.00 to $198.00 in a report on Monday, December 16th. TD Cowen decreased their target price on Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Barclays lifted their target price on Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada decreased their target price on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Universal Health Services has an average rating of “Moderate Buy” and an average price target of $226.14.

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.