CVS Health Corporation $CVS Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC reduced its stake in shares of CVS Health Corporation (NYSE:CVS) by 15.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 184,244 shares of the pharmacy operator’s stock after selling 33,440 shares during the period. Applied Finance Capital Management LLC’s holdings in CVS Health were worth $13,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL increased its holdings in CVS Health by 0.9% in the second quarter. Blair William & Co. IL now owns 62,052 shares of the pharmacy operator’s stock valued at $4,280,000 after buying an additional 525 shares in the last quarter. PDS Planning Inc increased its stake in CVS Health by 10.6% in the 2nd quarter. PDS Planning Inc now owns 4,779 shares of the pharmacy operator’s stock valued at $330,000 after purchasing an additional 459 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in CVS Health by 20.6% during the second quarter. Concurrent Investment Advisors LLC now owns 16,193 shares of the pharmacy operator’s stock worth $1,117,000 after purchasing an additional 2,771 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in CVS Health by 16.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 151,240 shares of the pharmacy operator’s stock worth $10,434,000 after purchasing an additional 21,544 shares in the last quarter. Finally, SPC Financial Inc. grew its holdings in CVS Health by 6.8% in the second quarter. SPC Financial Inc. now owns 9,747 shares of the pharmacy operator’s stock valued at $672,000 after purchasing an additional 622 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

CVS Health Stock Performance

CVS Health stock opened at $76.06 on Tuesday. The stock has a fifty day moving average price of $78.56 and a 200 day moving average price of $75.87. CVS Health Corporation has a 52 week low of $53.36 and a 52 week high of $85.15. The firm has a market capitalization of $96.55 billion, a P/E ratio of 200.16, a PEG ratio of 0.72 and a beta of 0.50. The company has a current ratio of 0.83, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

CVS Health Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 22nd were given a $0.665 dividend. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a $2.66 annualized dividend and a dividend yield of 3.5%. CVS Health’s dividend payout ratio (DPR) is currently 700.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CVS shares. Argus cut their price target on CVS Health from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Wall Street Zen cut shares of CVS Health from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of CVS Health in a research report on Thursday, December 4th. Wells Fargo & Company cut their price objective on CVS Health from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Finally, TD Cowen increased their target price on CVS Health from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, CVS Health currently has an average rating of “Moderate Buy” and an average price target of $94.82.

About CVS Health

CVS Health Corporation is a diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services and health care solutions. Headquartered in Woonsocket, Rhode Island, the company traces its roots to the early 1960s and has grown into an integrated provider of prescription drugs, over‑the‑counter products, clinical services and health insurance offerings. Its operating model combines retail pharmacy locations and in‑store clinics with broader pharmacy and health plan capabilities.

Key business activities include CVS Pharmacy retail operations, MinuteClinic walk‑in medical clinics and HealthHUB locations that offer expanded clinical services.