Economy

Shares Trading down at $68.45 (CVS) CVS Health Corporation To Hold Third…

The firm owned 8,920 shares of the pharmacy operator's stock after selling 6,345 shares during the quarter.

Traders are feeling more bullish recently if you pay attention to the motion in short interest.

CVS has been the topic of several recent research reports.

Aetna reported its third quarter earnings just days after media reports said pharmacy chain CVS Health Corp. Its stake was worth $66,141,000 an increase of 9.1% as of quarter end. Traynor Capital Management Inc. boosted its holdings in shares of CVS Health Corporation by 1.3% during the 2nd quarter. Eagle Ridge Investment Management now owns 193,712 shares worth $15,753,000. Legal & General Group Plc now owns 4,961,136 shares of the pharmacy operator's stock worth $514,632,000 after buying an additional 92,196 shares during the period.

CVS Health Corporation (NYSE:CVS)'s stock had its "buy" rating restated by investment analysts at Argus in a research report issued to clients and investors on Thursday. Aperio Group, LLC now owns 813,347 shares valued at $66,141,000. Finally, Norway Savings Bank boosted its holdings in shares of CVS Health Corporation by 0.3% during the 2nd quarter. There has been an observed change of -47.77% in the ownership of the shares in the past six months.

A number of research analysts recently weighed in on CVS shares. Mizuho set a $90.00 target price on CVS Health Corporation and gave the company a buy rating in a report on Tuesday, October 24th.

The ROA of CVS Health Corporation is now valued at 5.70% indicating how profitable the company is in regards to its total assets. They issued a "hold" rating and a $83.00 price target for the company. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $95.00 target price on shares of CVS Health Corporation in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. CVS Health Corporation has an average rating of Buy and an average price target of $87.98.

In pre-market NY trading, Aetna shares were 0.5% higher at US$172.03. In order to determine directional movement, the 50-day and 200-day moving averages for CVS Health Corporation (NYSE:CVS) are $78.09 and $78.59. CVS Health Corporation had a higher price at the close than it did at the open.

CVS Health Corporation now has a P/E ratio of 13.64 and market cap is 69.58B.

Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). CVS Health Corporation had a net margin of 2.93% and a return on equity of 17.47%. The company had revenue of $45.69 billion during the quarter, compared to the consensus estimate of $45.36 billion.

The EPS growth this year is at 5.60% demonstrating an EPS growth of 8.10% in the coming year. The pharmacy operator reported $1.33 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.31 by $0.02. The ex-dividend date will be on Monday October 23rd, 2017. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.92%. Waldron LP grew its position in CVS Health Corporation by 217.4% during the first quarter.

In other news, Director Richard J. Swift sold 2,500 shares of CVS Health Corporation stock in a transaction on Wednesday, August 16th. The share price was last seen -3.68% lower, reaching at $46.36 on 10/30/2017. The shares were sold at an average price of $79.65, for a total value of $18,883,262.70. Following the completion of the sale, the chief operating officer now directly owns 119,555 shares in the company, valued at approximately $9,939,802.70. The disclosure for this sale can be found here. These ratios are important while doing valuation of the company or the shares of the company. Institutional investors and hedge funds own 81.64% of the company's stock.

ILLEGAL ACTIVITY NOTICE: "Fiduciary Financial Services of The Southwest Inc". With the existing current ratio, CVS Health Corporation is more than equipped to confront its liabilities with its assets.

The earnings rise came despite a 5% decline in total adjusted revenue over the period to US$14.95bn, missing forecasts for US$15.13bn, as fewer people were on the company's Affordable Care Act plans and due to the temporary suspension of the health insurer fee. The Company provides pharmacy care for the senior community through Omnicare, Inc (Omnicare) and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings.



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