Umb Bank N Amo Lowers stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Umb Bank N Amo reduced its stake in CVS Health Corp by 1.67% during the most recent quarter end. The investment management company now holds a total of 190,782 shares of CVS Health Corp which is valued at $17,691,215 after selling 3,247 shares in CVS Health Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.CVS Health Corp makes up approximately 0.73% of Umb Bank N Amo’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in CVS in the latest quarter, The investment management firm added 48,092 additional shares and now holds a total of 1,390,283 shares of CVS Health Corp which is valued at $128,920,943. CVS Health Corp makes up approx 2.97% of Hl Financial Services’s portfolio.Willingdon Wealth Management boosted its stake in CVS in the latest quarter, The investment management firm added 2,615 additional shares and now holds a total of 7,405 shares of CVS Health Corp which is valued at $714,953. CVS Health Corp makes up approx 0.35% of Willingdon Wealth Management’s portfolio.Renaissance Investment Group boosted its stake in CVS in the latest quarter, The investment management firm added 655 additional shares and now holds a total of 39,596 shares of CVS Health Corp which is valued at $3,835,665. CVS Health Corp makes up approx 1.83% of Renaissance Investment Group’s portfolio.Trust Co boosted its stake in CVS in the latest quarter, The investment management firm added 2,020 additional shares and now holds a total of 38,305 shares of CVS Health Corp which is valued at $3,705,626. CVS Health Corp makes up approx 1.40% of Trust Co’s portfolio.Newman Dignan Sheerar reduced its stake in CVS by selling 356 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 28,056 shares of CVS which is valued at $2,714,137. CVS Health Corp makes up approx 1.74% of Newman Dignan Sheerar’s portfolio.

CVS Health Corp closed down -0.67 points or -0.72% at $92.72 with 61,20,631 shares getting traded on Friday. Post opening the session at $93.45, the shares hit an intraday low of $92.36 and an intraday high of $93.55 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.

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.

Leave a Reply

CVS Health Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on CVS Health Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.