Buckingham Asset Management buys $809,546 stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Buckingham Asset Management scooped up 4 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 2, 2016. The investment management firm now holds a total of 8,309 shares of CVS Health Corp which is valued at $809,546.CVS Health Corp makes up approximately 0.27% of Buckingham Asset Management’s portfolio.

Other Hedge Funds, Including , Old Dominion Capital Management Inc reduced its stake in CVS by selling 69 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 7,397 shares of CVS which is valued at $720,690. CVS Health Corp makes up approx 0.84% of Old Dominion Capital Management Inc’s portfolio.Hutchinson Capital Managementca reduced its stake in CVS by selling 4,100 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 157,421 shares of CVS which is valued at $15,337,528. CVS Health Corp makes up approx 4.55% of Hutchinson Capital Managementca’s portfolio.Chatham Capital Group reduced its stake in CVS by selling 375 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 5,225 shares of CVS which is valued at $484,462. CVS Health Corp makes up approx 0.15% of Chatham Capital Group’s portfolio.Rockland Trust Co boosted its stake in CVS in the latest quarter, The investment management firm added 2,260 additional shares and now holds a total of 136,084 shares of CVS Health Corp which is valued at $13,138,910. CVS Health Corp makes up approx 2.17% of Rockland Trust Co’s portfolio.Factory Mutual Insurance Co boosted its stake in CVS in the latest quarter, The investment management firm added 30,000 additional shares and 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 approx 1.62% of Factory Mutual Insurance Co’s portfolio.

CVS Health Corp closed down -0.19 points or -0.20% at $97.18 with 36,03,400 shares getting traded on Monday. Post opening the session at $97.37, the shares hit an intraday low of $96.85 and an intraday high of $97.62 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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