Eagle Ridge Investment Management Lowers stake in CVS HEALTH CORPORATION COM (CVS)

CVS HEALTH CORPORATION COM (CVS) : Eagle Ridge Investment Management reduced its stake in CVS HEALTH CORPORATION COM by 1.15% during the most recent quarter end. The investment management company now holds a total of 117,601 shares of CVS HEALTH CORPORATION COM which is valued at $11,929,445 after selling 1,372 shares in CVS HEALTH CORPORATION COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.CVS HEALTH CORPORATION COM makes up approximately 2.74% of Eagle Ridge Investment Management’s portfolio.

CVS HEALTH CORPORATION COM closed down -0.15 points or -0.15% at $102.7 with 31,50,430 shares getting traded on Wednesday. Post opening the session at $102.98, the shares hit an intraday low of $101.91 and an intraday high of $103.419 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Alta Capital Management boosted its stake in CVS in the latest quarter, The investment management firm added 113,659 additional shares and now holds a total of 210,816 shares of CVS HEALTH CORPORATION COM which is valued at $21,385,175. CVS HEALTH CORPORATION COM makes up approx 1.31% of Alta Capital Management’s portfolio.Hhg Company reduced its stake in CVS by selling 279 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 16,650 shares of CVS which is valued at $1,688,976. CVS HEALTH CORPORATION COM makes up approx 0.46% of Hhg Company’s portfolio.Ronna Sue Cohen reduced its stake in CVS by selling 212 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 50,929 shares of CVS which is valued at $5,166,238. CVS HEALTH CORPORATION COM makes up approx 4.33% of Ronna Sue Cohen’s portfolio.Capital One National Association boosted its stake in CVS in the latest quarter, The investment management firm added 1,643 additional shares and now holds a total of 97,396 shares of CVS HEALTH CORPORATION COM which is valued at $9,879,850. CVS HEALTH CORPORATION COM makes up approx 0.88% of Capital One National Association’s portfolio.Palisade Asset Management boosted its stake in CVS in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 6,667 shares of CVS HEALTH CORPORATION COM which is valued at $681,634. CVS HEALTH CORPORATION COM makes up approx 0.13% of Palisade Asset Management’s portfolio.

On the company’s financial health, CVS HEALTH CORPORATION COM reported $1.53 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $1.53. The company had revenue of $41145.00 million for the quarter, compared to analysts expectations of $41126.27 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on CVS HEALTH CORPORATION COM. 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 .Shares were Reiterated by Mizuho on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 104 from a previous price target of $113 .CVS HEALTH CORPORATION COM was Initiated by Atlantic Equities to “Overweight” on Feb 3, 2016.

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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