Seaward Management Limited Partnership buys $41,326,352 stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Seaward Management Limited Partnership scooped up 2,529 additional shares in CVS Health Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 407,397 shares of CVS Health Corp which is valued at $41,326,352.CVS Health Corp makes up approximately 2.20% of Seaward Management Limited Partnership’s portfolio.

CVS Health Corp 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 , Eagle Ridge Investment Management reduced its stake in CVS by selling 1,372 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 117,601 shares of CVS which is valued at $11,929,445. CVS Health Corp makes up approx 2.74% of Eagle Ridge Investment Management’s portfolio.Murphy Capital Management Inc reduced its stake in CVS by selling 225 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 14,239 shares of CVS which is valued at $1,444,404. CVS Health Corp makes up approx 0.22% of Murphy Capital Management Inc’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 $1.53 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 Corp. 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 Corp 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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