Inc. Cuts Stake in CVS Health Corp (CVS)
- Ian Logan
The firm has "Buy" rating given on Thursday, October 6 by UBS. Moreover, Btim Corporation has 0.36% invested in CVS Health Corporation (NYSE:CVS). The rating was maintained by Jefferies with "Hold" on Friday, June 9. Leerink Swann maintained CVS Health Corporation (NYSE:CVS) rating on Tuesday, November 7. On Wednesday, November 9 the stock rating was maintained by Mizuho with "Buy".
In related news, EVP Thomas M. Moriarty sold 90,267 shares of the stock in a transaction on Monday, September 11th. Looking further out we can see that the stock has moved -2.93% over the year to date. On Wednesday, July 22 the stock rating was maintained by Deutsche Bank with "Hold". Veritas Asset Management LLP lifted its stake in CVS Health by 11.4% in the 2nd quarter. Veritable Limited Partnership holds 0.08% or 57,831 shares. Proficio Capital Partners LLC increased its stake in shares of CVS Health Corp by 0.7% in the third quarter. Rpx Corp now has $633.94 million valuation. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since December 1, 2016 and is uptrending. It has outperformed by 7.97% the S&P500. Thompson Siegel & Walmsley LLC's holdings in CVS Health were worth $8,444,000 as of its most recent filing with the Securities & Exchange Commission. CVS shares were up 2.7 percent and Aetna shares rose 0.7 percent in late morning trading. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. analysts forecast that CVS Health Corp will post 5.9 EPS for the current fiscal year. Stifel Financial owns 0.39% invested in CVS Health Corporation (NYSE:CVS) for 1.29 million shares. Therefore 71% are positive. CVS Health had 53 analyst reports since July 22, 2015 according to SRatingsIntel. Cowen set a $86.00 price target on CVS Health and gave the stock a "buy" rating in a research report on Sunday, October 29th. The stock of CVS Health Corporation (NYSE:CVS) earned "Neutral" rating by Goldman Sachs on Thursday, December 17. They issued an "outperform" rating and a $95.00 target price on the stock. The short ratio in the company's stock is documented at 3.31 and the short float is around of 2.46%.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 3rd. SunTrust maintained CVS Health Corporation (NYSE:CVS) on Friday, October 13 with "Buy" rating. Davenport Llc invested in 455,119 shares.
Gluskin Sheff & Assoc Inc decreased Sp Adr stake by 34,247 shares to 87,383 valued at $9.40M in 2017Q2. Adient Plc was raised too. The stock has a market capitalization of $77,587.89, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. It is negative, as 84 investors sold CVS shares while 559 reduced holdings. 104 funds opened positions while 473 raised stakes. Security Natl Tru holds 0.95% or 35,414 shares in its portfolio. CVS Health Corporation (NYSE:CVS) has declined 24.40% since December 2, 2016 and is downtrending. Meridian Counsel reported 12,155 shares. TB Alternative Assets Ltd. purchased a new position in shares of CVS Health during the second quarter valued at about $121,000. State Of Tennessee Treasury Department reported 24,454 shares. 68,017 were reported by Manufacturers Life Ins Commerce The. Westport Asset Incorporated holds 104,338 shares. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. Morgan Stanley upgraded the stock to "Overweight" rating in Tuesday, December 6 report. Comerica Bank acquired 10,495 shares as Universal Health Svcs Inc Cl B (UHS)'s stock declined 3.47%. British Columbia Mgmt Corp holds 0.33% or 520,050 shares.
Investors sentiment decreased to 0.92 in 2017 Q2. Its up 0.34, from 0.87 in 2017Q1. First City Capital Management Inc. boosted its position in CVS Health by 0.3% during the 1st quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVS. About 0.32 million contracts were traded on 30-Nov-17 compared to daily average volume of 0.26 million shares. Fjarde Ap reported 0.38% of its portfolio in CVS Health Corporation (NYSE:CVS). 111,762 were reported by Fort Washington Inv Advsr Incorporated Oh. 313,046 were reported by Cramer Rosenthal Mcglynn Limited Liability Corp. Rbf Cap Ltd reported 40,000 shares. Phocas invested in 8,310 shares. Mckinley Mngmt Limited Co Delaware has invested 0.09% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). The firm has "Neutral" rating given on Monday, February 27 by Mizuho. Qcm Cayman Ltd has invested 2.05% in CVS Health Corporation (NYSE:CVS). Horizon Kinetics Ltd Liability Co stated it has 2,917 shares.
Since June 12, 2017, it had 0 buys, and 1 insider sale for $18.44 million activity. The stock increased 1.23% or $1.39 during the last trading session, reaching $114.78. About 33,592 shares traded or 32.01% up from the average. It has underperformed by 41.10% the S&P500.
CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services. Now trading with a market value of 75.33B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 11.11. 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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