Greenleaf Trust grew its position in shares of CVS Health Corp (NYSE:CVS) by 25.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,786 shares of the pharmacy operator’s stock after purchasing an additional 3,569 shares during the period. Greenleaf Trust’s holdings in CVS Health were worth $1,165,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in CVS Health by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 84,873,814 shares of the pharmacy operator’s stock valued at $6,681,267,000 after purchasing an additional 1,445,887 shares during the period. Vanguard Group Inc increased its holdings in CVS Health by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 84,873,814 shares of the pharmacy operator’s stock valued at $6,681,267,000 after purchasing an additional 1,445,887 shares during the period. BlackRock Inc. increased its holdings in CVS Health by 2.8% during the 3rd quarter. BlackRock Inc. now owns 76,197,017 shares of the pharmacy operator’s stock valued at $5,998,231,000 after purchasing an additional 2,061,915 shares during the period. FMR LLC increased its holdings in CVS Health by 4.3% during the 3rd quarter. FMR LLC now owns 30,069,260 shares of the pharmacy operator’s stock valued at $2,367,052,000 after purchasing an additional 1,250,473 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in CVS Health by 6,858.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,089,377 shares of the pharmacy operator’s stock valued at $383,000 after purchasing an additional 24,728,818 shares during the period. 84.55% of the stock is owned by hedge funds and other institutional investors.
CVS stock opened at $55.60 on Friday. CVS Health Corp has a fifty-two week low of $51.93 and a fifty-two week high of $82.15. The company has a current ratio of 1.03, a quick ratio of 0.65 and a debt-to-equity ratio of 1.22. The company has a market cap of $70.89 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.06 and a beta of 0.95.
CVS Health (NYSE:CVS) last posted its earnings results on Wednesday, February 20th. The pharmacy operator reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. CVS Health had a positive return on equity of 17.49% and a negative net margin of 0.31%. The firm had revenue of $54.42 billion for the quarter, compared to the consensus estimate of $53.78 billion. During the same quarter in the prior year, the business earned $1.92 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that CVS Health Corp will post 6.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, April 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.60%. CVS Health’s dividend payout ratio (DPR) is 28.25%.
A number of research analysts recently issued reports on the company. Barclays assumed coverage on CVS Health in a report on Tuesday, December 18th. They set an “overweight” rating and a $91.00 price target on the stock. UBS Group reduced their price target on CVS Health from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, February 21st. Leerink Swann assumed coverage on CVS Health in a report on Tuesday, December 11th. They set an “outperform” rating on the stock. Goldman Sachs Group restated a “neutral” rating and set a $87.00 price target on shares of CVS Health in a report on Thursday, November 29th. Finally, Citigroup reduced their price target on CVS Health from $94.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. CVS Health presently has an average rating of “Buy” and a consensus target price of $84.18.
In other CVS Health news, COO Jonathan C. Roberts sold 77,639 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $64.54, for a total transaction of $5,010,821.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Larry J. Merlo sold 166,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $69.04, for a total value of $11,486,046.72. Following the transaction, the insider now owns 496,577 shares in the company, valued at approximately $34,283,676.08. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 23,600 shares of company stock worth $1,270,896 and have sold 412,039 shares worth $27,326,012. 0.53% of the stock is currently owned by corporate insiders.
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About CVS Health
CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services. It operates through Pharmacy Services and Retail/LTC segments. The Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services.
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