Twin Capital Management Inc Lowers stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Twin Capital Management Inc reduced its stake in CVS Health Corp by 13.96% during the most recent quarter end. The investment management company now holds a total of 78,264 shares of CVS Health Corp which is valued at $7,591,608 after selling 12,700 shares in CVS Health Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.CVS Health Corp makes up approximately 0.55% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Delaney Dennis R reduced its stake in CVS by selling 215 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 23,332 shares of CVS which is valued at $2,263,204. CVS Health Corp makes up approx 4.71% of Delaney Dennis R’s portfolio.Gamco Investors Et Al reduced its stake in CVS by selling 48,922 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 1,139,978 shares of CVS which is valued at $110,999,658. CVS Health Corp makes up approx 0.71% of Gamco Investors Et Al’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in CVS in the latest quarter, The investment management firm added 883 additional shares and now holds a total of 20,598 shares of CVS Health Corp which is valued at $2,006,863. CVS Health Corp makes up approx 0.22% of Ifc Holdings Incorporatedfl’s portfolio.Parthenon reduced its stake in CVS by selling 915 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 140,087 shares of CVS which is valued at $12,990,268. CVS Health Corp makes up approx 3.21% of Parthenon’s portfolio.Commonwealth Financial Services reduced its stake in CVS by selling 427 shares or 59.64% in the most recent quarter. The Hedge Fund company now holds 289 shares of CVS which is valued at $27,903. CVS Health Corp makes up approx 0.03% of Commonwealth Financial Services’s portfolio.

CVS Health Corp opened for trading at $97.4 and hit $97.67 on the upside on Monday, eventually ending the session at $97.58, with a gain of 0.15% or 0.15 points. The heightened volatility saw the trading volume jump to 23,97,182 shares. Company has a market cap of $104,041 M.

On the company’s financial health, CVS Health Corp reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.30. The company had revenue of $43725.00 million for the quarter, compared to analysts expectations of $44281.46 million. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on CVS Health Corp. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 111 from a previous price target of $108 .Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Hold”, Firm has raised the Price Target to $ 108 from a previous price target of $99 .Shares were Reiterated by Mizuho on Jun 23, 2016 to “Buy” and Lowered the Price Target to $ 108 from a previous price target of $117 .

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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