Curbstone Monetary Administration Corp decreased its place in CVS Well being Co. (NYSE:CVS – Free Report) by 17.5% within the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 19,964 shares of the pharmacy operator’s inventory after promoting 4,248 shares throughout the quarter. Curbstone Monetary Administration Corp’s holdings in CVS Well being had been price $1,255,000 on the finish of the newest reporting interval.
A number of different institutional buyers and hedge funds additionally lately made modifications to their positions in CVS. CIBC Non-public Wealth Group LLC lifted its place in shares of CVS Well being by 3.8% throughout the 4th quarter. CIBC Non-public Wealth Group LLC now owns 175,027 shares of the pharmacy operator’s inventory price $13,820,000 after shopping for a further 6,412 shares within the final quarter. Capital Worldwide Sarl bought a brand new stake in shares of CVS Well being throughout the fourth quarter valued at roughly $1,595,000. Cetera Advisor Networks LLC lifted its holdings in CVS Well being by 5.5% throughout the fourth quarter. Cetera Advisor Networks LLC now owns 224,374 shares of the pharmacy operator’s inventory price $17,717,000 after buying a further 11,631 shares throughout the interval. 1832 Asset Administration L.P. boosted its place in CVS Well being by 32.0% within the fourth quarter. 1832 Asset Administration L.P. now owns 31,998 shares of the pharmacy operator’s inventory price $2,527,000 after buying a further 7,762 shares over the past quarter. Lastly, Public Staff Retirement Affiliation of Colorado elevated its place in shares of CVS Well being by 26.1% throughout the 4th quarter. Public Staff Retirement Affiliation of Colorado now owns 190,609 shares of the pharmacy operator’s inventory valued at $15,050,000 after buying a further 39,493 shares over the past quarter. Hedge funds and different institutional buyers personal 80.66% of the corporate’s inventory.
CVS Well being Inventory Efficiency
NYSE:CVS opened at $62.92 on Friday. CVS Well being Co. has a twelve month low of $52.77 and a twelve month excessive of $83.25. The corporate has a fast ratio of 0.66, a present ratio of 0.86 and a debt-to-equity ratio of 0.83. The inventory has a market cap of $78.99 billion, a P/E ratio of 11.06, a PEG ratio of 0.81 and a beta of 0.54. The enterprise’s 50-day shifting common worth is $58.52 and its two-hundred day shifting common worth is $61.67.
CVS Well being (NYSE:CVS – Get Free Report) final introduced its earnings outcomes on Wednesday, August seventh. The pharmacy operator reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.10. The enterprise had income of $91.23 billion throughout the quarter, in comparison with analyst estimates of $91.41 billion. CVS Well being had a internet margin of 1.98% and a return on fairness of 12.72%. CVS Well being’s income for the quarter was up 2.6% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise posted $2.21 earnings per share. As a gaggle, equities analysts predict that CVS Well being Co. will put up 6.51 EPS for the present fiscal yr.
CVS Well being Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which will likely be paid on Friday, November 1st. Shareholders of file on Monday, October twenty first will likely be given a dividend of $0.665 per share. The ex-dividend date of this dividend is Monday, October twenty first. This represents a $2.66 dividend on an annualized foundation and a yield of 4.23%. CVS Well being’s payout ratio is 46.75%.
Wall Avenue Analyst Weigh In
CVS has been the subject of various analysis analyst experiences. Wells Fargo & Firm boosted their worth goal on shares of CVS Well being from $60.00 to $61.00 and gave the inventory an “equal weight” score in a report on Monday, August twelfth. Evercore ISI decreased their goal worth on shares of CVS Well being from $65.00 to $62.00 and set an “outperform” score for the corporate in a analysis report on Thursday, August eighth. Royal Financial institution of Canada reiterated an “outperform” score and issued a $68.00 worth goal on shares of CVS Well being in a analysis be aware on Wednesday, September 4th. Cantor Fitzgerald reissued a “impartial” score and issued a $62.00 goal worth on shares of CVS Well being in a analysis report on Tuesday. Lastly, Barclays dropped their worth goal on CVS Well being from $65.00 to $63.00 and set an “equal weight” score on the inventory in a analysis report on Thursday, August eighth. Eleven analysis analysts have rated the inventory with a maintain score and eleven have issued a purchase score to the corporate. In accordance with MarketBeat.com, CVS Well being has a consensus score of “Average Purchase” and a mean worth goal of $72.10.
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About CVS Well being
CVS Well being Company offers well being options in the USA. It operates by way of Well being Care Advantages, Well being Providers, and Pharmacy & Client Wellness segments. The Well being Care Advantages section gives conventional, voluntary, and consumer-directed medical insurance merchandise and associated providers.
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