Investors Sell CVS Health (CVS) on Strength (CVS)

Traders sold shares of CVS Health Corp (NYSE:CVS) on strength during trading on Wednesday. $87.78 million flowed into the stock on the tick-up and $132.52 million flowed out of the stock on the tick-down, for a money net flow of $44.74 million out of the stock. Of all stocks tracked, CVS Health had the 26th highest net out-flow for the day. CVS Health traded up $0.36 for the day and closed at $66.03

Several brokerages have recently issued reports on CVS. Argus boosted their price target on shares of CVS Health to $100.00 and gave the company a “buy” rating in a report on Tuesday, November 13th. Loop Capital set a $80.00 price target on shares of CVS Health and gave the company a “hold” rating in a report on Wednesday, November 28th. Evercore ISI began coverage on shares of CVS Health in a report on Wednesday, November 28th. They issued an “outperform” rating and a $89.00 price target for the company. Goldman Sachs Group reissued a “neutral” rating and issued a $87.00 price target on shares of CVS Health in a report on Thursday, November 29th. Finally, Cantor Fitzgerald began coverage on shares of CVS Health in a report on Sunday, December 2nd. They issued an “overweight” rating and a $77.84 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $91.44.

The company has a market capitalization of $67.15 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.03. The company has a current ratio of 2.44, a quick ratio of 1.94 and a debt-to-equity ratio of 1.66.

CVS Health (NYSE:CVS) last announced its earnings results on Tuesday, November 6th. The pharmacy operator reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.02. The firm had revenue of $47.27 billion during the quarter, compared to analyst estimates of $47.22 billion. CVS Health had a net margin of 1.65% and a return on equity of 18.69%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. As a group, equities research analysts predict that CVS Health Corp will post 6.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 4th. Investors of record on Friday, January 25th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, January 24th. CVS Health’s payout ratio is presently 33.90%.

In other CVS Health news, insider Larry J. Merlo sold 166,368 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $64.51, for a total transaction of $10,732,399.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Troyen A. Brennan sold 14,229 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $82.00, for a total transaction of $1,166,778.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,763 shares of company stock valued at $30,412,036. Company insiders own 0.53% of the company’s stock.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of CVS Health by 1.7% in 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 raised its holdings in shares of CVS Health by 1.7% in 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. raised its holdings in shares of CVS Health by 2.8% in 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 raised its holdings in shares of CVS Health by 4.3% in 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 raised its holdings in shares of CVS Health by 6,858.5% in 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. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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CVS Health Company Profile (NYSE:CVS)

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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