Palo Capital buys $4,794,480 stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Palo Capital scooped up 24,381 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 20, 2016. The investment management firm now holds a total of 49,658 shares of CVS Health Corp which is valued at $4,794,480.CVS Health Corp makes up approximately 1.59% of Palo Capital’s portfolio.

Other Hedge Funds, Including , Meritage Portfolio Management reduced its stake in CVS by selling 1,200 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 62,574 shares of CVS which is valued at $6,041,520. CVS Health Corp makes up approx 0.66% of Meritage Portfolio Management’s portfolio.State Of Alaska Department Of Revenue boosted its stake in CVS in the latest quarter, The investment management firm added 1,763 additional shares and now holds a total of 27,380 shares of CVS Health Corp which is valued at $2,655,860. CVS Health Corp makes up approx 0.27% of State Of Alaska Department Of Revenue’s portfolio.Acadian Asset Management reduced its stake in CVS by selling 103,360 shares or 40.57% in the most recent quarter. The Hedge Fund company now holds 151,429 shares of CVS which is valued at $14,688,613. CVS Health Corp makes up approx 0.07% of Acadian Asset Management’s portfolio.Douglass Winthrop Advisors reduced its stake in CVS by selling 46,579 shares or 67.39% in the most recent quarter. The Hedge Fund company now holds 22,540 shares of CVS which is valued at $2,200,580. CVS Health Corp makes up approx 0.16% of Douglass Winthrop Advisors’s portfolio.First Western Capital Management Co reduced its stake in CVS by selling 25,496 shares or 37.49% in the most recent quarter. The Hedge Fund company now holds 42,507 shares of CVS which is valued at $4,149,958. CVS Health Corp makes up approx 1.48% of First Western Capital Management Co’s portfolio.

CVS Health Corp opened for trading at $97.26 and hit $97.37 on the upside on Wednesday, eventually ending the session at $97, with a gain of 0.10% or 0.1 points. The heightened volatility saw the trading volume jump to 34,85,961 shares. Company has a market cap of $104,180 M.

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. 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.

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