CVS Health Corp (CVS) : Vantage Investment Advisors scooped up 2,164 additional shares in CVS Health Corp during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 54,890 shares of CVS Health Corp which is valued at $5.6 Million.CVS Health Corp makes up approximately 2.77% of Vantage Investment Advisors’s portfolio.
Other Hedge Funds, Including , International Value Advisers reduced its stake in CVS by selling 14,563 shares or 1.08% during the fourth quarter. The Hedge Fund company now holds 1,330,088 shares of CVS which is valued at $135.1 Million. CVS Health Corp makes up approx 3.55% of International Value Advisers’s portfolio.Icon Advisers Incco boosted its stake in CVS during the Q4 period, The investment management firm added 800 additional shares and now holds a total of 102,800 shares of CVS Health Corp which is valued at $10.4 Million. CVS Health Corp makes up approx 0.71% of Icon Advisers Incco’s portfolio.South Texas Money Management Ltd boosted its stake in CVS during the Q4 period, The investment management firm added 9,740 additional shares and now holds a total of 229,856 shares of CVS Health Corp which is valued at $23.3 Million. CVS Health Corp makes up approx 1.33% of South Texas Money Management Ltd’s portfolio.Investment Management Of Virginia boosted its stake in CVS during the Q4 period, The investment management firm added 6,455 additional shares and now holds a total of 12,990 shares of CVS Health Corp which is valued at $1.3 Million. CVS Health Corp makes up approx 0.34% of Investment Management Of Virginia’s portfolio.I.g. Investment Management Ltd. boosted its stake in CVS during the Q4 period, The investment management firm added 8,028 additional shares and now holds a total of 400,725 shares of CVS Health Corp which is valued at $40.7 Million. CVS Health Corp makes up approx 0.16% of I.g. Investment Management Ltd.’s portfolio.
On the company’s financial health, CVS Health Corp reported $1.53 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $1.53. The company had revenue of $41145.00 million for the quarter, compared to analysts expectations of $41126.27 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.
Investors should note that on Mar 2, 2016, CVS Health Corp announced a cash dividend of $0.4250. The company’s management has announced Apr 20, 2016 as the ex-dividend date and fixed the record date on Apr 22, 2016. The payable date has been fixed on May 2, 2016.
Many Wall Street Analysts have commented on CVS Health Corp. Company shares were Reiterated by Barclays on Mar 10, 2016 to “Overweight”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .Shares were Reiterated by Mizuho on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 104 from a previous price target of $113 .CVS Health Corp was Initiated by Atlantic Equities to “Overweight” on Feb 3, 2016.
CVS Health Corp opened for trading at $101.16 and hit $102.44 on the upside on Monday, eventually ending the session at $101.74, with a gain of 0.16% or 0.16 points. The heightened volatility saw the trading volume jump to 35,72,846 shares. Company has a market cap of $111,760 M.
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.