Farmers Merchants Investments Inc buys $10,910,272 stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Farmers Merchants Investments Inc scooped up 3,689 additional shares in CVS Health Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 104,056 shares of CVS Health Corp which is valued at $10,910,272.CVS Health Corp makes up approximately 1.27% of Farmers Merchants Investments Inc’s portfolio.

CVS Health Corp closed down -0.3 points or -0.29% at $104.85 with 42,62,876 shares getting traded on Friday. Post opening the session at $104.63, the shares hit an intraday low of $104.35 and an intraday high of $105.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Terra Nova Asset Management reduced its stake in CVS by selling 3,258 shares or 16.66% in the most recent quarter. The Hedge Fund company now holds 16,301 shares of CVS which is valued at $1,709,160. CVS Health Corp makes up approx 1.98% of Terra Nova Asset Management’s portfolio.First Mercantile Trust Co reduced its stake in CVS by selling 204 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 6,524 shares of CVS which is valued at $655,662. CVS Health Corp makes up approx 0.08% of First Mercantile Trust Co’s portfolio.Security National Trust Co reduced its stake in CVS by selling 614 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 39,665 shares of CVS which is valued at $3,986,333. CVS Health Corp makes up approx 1.48% of Security National Trust Co’s portfolio.Douglass Winthrop Advisors boosted its stake in CVS in the latest quarter, The investment management firm added 40,041 additional shares and now holds a total of 69,119 shares of CVS Health Corp which is valued at $6,946,460. CVS Health Corp makes up approx 0.50% of Douglass Winthrop Advisors’s portfolio.Sigma Planning Corp boosted its stake in CVS in the latest quarter, The investment management firm added 1,739 additional shares and now holds a total of 14,930 shares of CVS Health Corp which is valued at $1,514,499. CVS Health Corp makes up approx 0.20% of Sigma Planning Corp’s portfolio.

On the company’s financial health, CVS Health Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.16. The company had revenue of $43215.00 million for the quarter, compared to analysts expectations of $43000.77 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Many Wall Street Analysts have commented on CVS Health Corp. Company shares were Reiterated by Mizuho on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 117 from a previous price target of $104 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .Company shares were Reiterated by Barclays on Mar 10, 2016 to “Overweight”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .

CVS Health Corporation together with its subsidiaries is a pharmacy company. The Company operates through three business segments: Pharmacy Services Retail Pharmacy and Corporate. The Pharmacy Services segment provides a range of pharmacy benefit management (PBM) services and operates under the CVS/caremark Pharmacy Services Novologix and Navarro Health Services names. The Retail Pharmacy segment sells prescription drugs and an assortment of general merchandise including over-the-counter drugs beauty products and cosmetics personal care products convenience foods photo finishing seasonal merchandise and greeting cards through the Company’s retail stores online retail pharmacy Websites and retail healthcare clinics. The Corporate segment provides management and administrative services to support the overall operations of the Company. The Company through its wholly owned subsidiary Omnicare Inc. provides pharmacy services to long term care facilities.

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