CVS Health Corp (CVS) : Ccm Investment Advisers reduced its stake in CVS Health Corp by 4.25% during the most recent quarter end. The investment management company now holds a total of 245,193 shares of CVS Health Corp which is valued at $24,641,897 after selling 10,892 shares in CVS Health Corp , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.CVS Health Corp makes up approximately 2.32% of Ccm Investment Advisers’s portfolio.
CVS Health Corp opened for trading at $100.5 and hit $101.93 on the upside on Monday, eventually ending the session at $101.45, with a gain of 0.95% or 0.95 points. The heightened volatility saw the trading volume jump to 54,86,259 shares. Company has a market cap of $111,442 M.
Other Hedge Funds, Including , Burt Wealth Advisors boosted its stake in CVS in the latest quarter, The investment management firm added 514 additional shares and now holds a total of 705 shares of CVS Health Corp which is valued at $70,853. CVS Health Corp makes up approx 0.06% of Burt Wealth Advisors’s portfolio.First Western Capital Management Co reduced its stake in CVS by selling 6,914 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 68,003 shares of CVS which is valued at $6,898,224. CVS Health Corp makes up approx 2.41% of First Western Capital Management Co’s portfolio.Biltmore Wealth Management reduced its stake in CVS by selling 126 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 5,417 shares of CVS which is valued at $553,834. CVS Health Corp makes up approx 0.46% of Biltmore Wealth Management’s portfolio.Endurance Wealth Management boosted its stake in CVS in the latest quarter, The investment management firm added 932 additional shares and now holds a total of 96,772 shares of CVS Health Corp which is valued at $9,893,969. CVS Health Corp makes up approx 1.91% of Endurance Wealth Management’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 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.