CVS Health Corp (CVS) : Factory Mutual Insurance Co scooped up 30,000 additional shares in CVS Health Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 1,293,000 shares of CVS Health Corp which is valued at $126,235,590.CVS Health Corp makes up approximately 1.62% of Factory Mutual Insurance Co’s portfolio.
Other Hedge Funds, Including , Campbell Newman Asset Management Inc reduced its stake in CVS by selling 16,641 shares or 10.18% in the most recent quarter. The Hedge Fund company now holds 146,824 shares of CVS which is valued at $14,334,427. CVS Health Corp makes up approx 2.54% of Campbell Newman Asset Management Inc’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in CVS in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 23,222 shares of CVS Health Corp which is valued at $2,246,496. CVS Health Corp makes up approx 0.86% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Raymond James Trust N.a. boosted its stake in CVS in the latest quarter, The investment management firm added 4,859 additional shares and now holds a total of 98,799 shares of CVS Health Corp which is valued at $9,557,815. CVS Health Corp makes up approx 0.80% of Raymond James Trust N.a.’s portfolio.New England Research Management boosted its stake in CVS in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 10,685 shares of CVS Health Corp which is valued at $1,014,861. CVS Health Corp makes up approx 0.88% of New England Research Management’s portfolio.
CVS Health Corp closed down -0.37 points or -0.38% at $97.09 with 33,46,208 shares getting traded on Friday. Post opening the session at $97.95, the shares hit an intraday low of $96.91 and an intraday high of $97.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
Investors should note that on Jul 6, 2016, CVS Health Corp announced a cash dividend of $0.4250. The company’s management has announced Jul 19, 2016 as the ex-dividend date and fixed the record date on Jul 21, 2016. The payable date has been fixed on Aug 1, 2016.
Many Wall Street Analysts have commented on CVS Health Corp. 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 .Shares were Reiterated by Deutsche Bank on Jun 22, 2016 to “Hold” and Lowered the Price Target to $ 99 from a previous price target of $105 .CVS Health Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 20, 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.