Bard Monetary Providers Inc. decreased its holdings in shares of CVS Well being Co. (NYSE:CVS – Free Report) by 42.0% in the course of the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities & Trade Fee. The fund owned 94,850 shares of the pharmacy operator’s inventory after promoting 68,575 shares in the course of the quarter. CVS Well being makes up about 1.2% of Bard Monetary Providers Inc.’s holdings, making the inventory its 18th greatest place. Bard Monetary Providers Inc.’s holdings in CVS Well being have been price $5,964,000 on the finish of the newest quarter.
A number of different institutional traders and hedge funds have additionally modified their holdings of the enterprise. Vanguard Group Inc. elevated its holdings in shares of CVS Well being by 0.5% in the course of the 4th quarter. Vanguard Group Inc. now owns 117,696,285 shares of the pharmacy operator’s inventory valued at $9,293,299,000 after buying an extra 533,659 shares over the last quarter. Capital World Buyers lifted its stake in shares of CVS Well being by 8.0% within the first quarter. Capital World Buyers now owns 43,776,874 shares of the pharmacy operator’s inventory price $3,491,643,000 after shopping for an extra 3,232,172 shares over the last quarter. Capital Worldwide Buyers boosted its holdings in shares of CVS Well being by 12.5% in the course of the 1st quarter. Capital Worldwide Buyers now owns 37,917,923 shares of the pharmacy operator’s inventory price $3,024,334,000 after shopping for an extra 4,226,225 shares in the course of the interval. Capital Analysis World Buyers grew its stake in CVS Well being by 1.4% within the 1st quarter. Capital Analysis World Buyers now owns 13,143,822 shares of the pharmacy operator’s inventory valued at $1,048,351,000 after shopping for an extra 184,297 shares over the last quarter. Lastly, Pzena Funding Administration LLC raised its holdings in CVS Well being by 132.9% within the 2nd quarter. Pzena Funding Administration LLC now owns 12,936,388 shares of the pharmacy operator’s inventory price $764,023,000 after buying an extra 7,382,931 shares in the course of the interval. Institutional traders and hedge funds personal 80.66% of the corporate’s inventory.
Wall Avenue Analysts Forecast Development
A number of equities analysis analysts have lately issued stories on the corporate. Evercore ISI lowered their value goal on CVS Well being from $65.00 to $62.00 and set an “outperform” score on the inventory in a analysis report on Thursday, August eighth. Wells Fargo & Firm elevated their value goal on CVS Well being from $60.00 to $61.00 and gave the corporate an “equal weight” score in a analysis report on Monday, August twelfth. Royal Financial institution of Canada reaffirmed an “outperform” score and set a $68.00 goal value on shares of CVS Well being in a analysis report on Wednesday, September 4th. Cantor Fitzgerald restated a “impartial” score and issued a $62.00 value goal on shares of CVS Well being in a analysis report on Tuesday. Lastly, Deutsche Financial institution Aktiengesellschaft lower their value goal on shares of CVS Well being from $64.00 to $63.00 and set a “maintain” score for the corporate in a analysis report on Friday, August ninth. Ten analysts have rated the inventory with a maintain score and twelve have given a purchase score to the corporate. Based mostly on information from MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a median value goal of $73.40.
Learn Our Newest Evaluation on CVS Well being
CVS Well being Inventory Efficiency
CVS inventory traded up $1.67 throughout buying and selling hours on Friday, reaching $64.59. The inventory had a buying and selling quantity of 16,313,877 shares, in comparison with its common quantity of 11,032,696. The inventory has a market capitalization of $81.08 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.81 and a beta of 0.54. The inventory has a 50-day easy shifting common of $58.60 and a 200 day easy shifting common of $61.58. CVS Well being Co. has a fifty-two week low of $52.77 and a fifty-two week excessive of $83.25. The corporate has a debt-to-equity ratio of 0.83, a present ratio of 0.86 and a fast ratio of 0.66.
CVS Well being (NYSE:CVS – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, August seventh. The pharmacy operator reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.10. CVS Well being had a return on fairness of 12.72% and a internet margin of 1.98%. The agency had income of $91.23 billion for the quarter, in comparison with the consensus estimate of $91.41 billion. Throughout the identical quarter within the earlier yr, the enterprise earned $2.21 earnings per share. The enterprise’s income was up 2.6% in comparison with the identical quarter final yr. Analysts predict that CVS Well being Co. will put up 6.51 EPS for the present fiscal yr.
CVS Well being Dividend Announcement
The enterprise additionally lately disclosed a quarterly dividend, which will likely be paid on Friday, November 1st. Stockholders of document on Monday, October twenty first will likely be given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Monday, October twenty first. CVS Well being’s payout ratio is presently 46.75%.
CVS Well being Firm Profile
(Free Report)
CVS Well being Company offers well being options in the US. It operates by means of Well being Care Advantages, Well being Providers, and Pharmacy & Client Wellness segments. The Well being Care Advantages phase affords conventional, voluntary, and consumer-directed medical health insurance merchandise and associated companies.
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