Aperio Group buys $75,324,789 stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Aperio Group scooped up 27,196 additional shares in CVS Health Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 773,117 shares of CVS Health Corp which is valued at $75,324,789.CVS Health Corp makes up approximately 0.57% of Aperio Group’s portfolio.

Other Hedge Funds, Including , Next Century Growth Investors sold out all of its stake in CVS during the most recent quarter. The investment firm sold 54,764 shares of CVS which is valued $5,335,657.Clifford Swan Investment Counsel reduced its stake in CVS by selling 300 shares or 8.86% in the most recent quarter. The Hedge Fund company now holds 3,085 shares of CVS which is valued at $300,572. CVS Health Corp makes up approx 0.02% of Clifford Swan Investment Counsel’s portfolio.Bradley Foster Sargent Incct boosted its stake in CVS in the latest quarter, The investment management firm added 970 additional shares and now holds a total of 229,141 shares of CVS Health Corp which is valued at $22,267,922. CVS Health Corp makes up approx 0.97% of Bradley Foster Sargent Incct’s portfolio.Cutter Co Brokerage reduced its stake in CVS by selling 268 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 3,510 shares of CVS which is valued at $341,979. CVS Health Corp makes up approx 0.15% of Cutter Co Brokerage’s portfolio.Wedbush Securities Inc boosted its stake in CVS in the latest quarter, The investment management firm added 1,782 additional shares and now holds a total of 33,467 shares of CVS Health Corp which is valued at $3,260,690. CVS Health Corp makes up approx 0.53% of Wedbush Securities Inc’s portfolio.

CVS Health Corp closed down -0.18 points or -0.19% at $93.08 with 60,93,463 shares getting traded on Monday. Post opening the session at $93.42, the shares hit an intraday low of $92.44 and an intraday high of $93.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CVS Health Corp reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.30. The company had revenue of $43725.00 million for the quarter, compared to analysts expectations of $44281.46 million. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on CVS Health Corp. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 111 from a previous price target of $108 .Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Hold”, Firm has raised the Price Target to $ 108 from a previous price target of $99 .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 .

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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