3,205 Shares in CVS Health Co. (NYSE:CVS) Bought by Fort L.P.

Fort L.P. bought a new position in shares of CVS Health Co. (NYSE:CVS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,205 shares of the pharmacy operator’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CVS. Livelsberger Financial Advisory bought a new stake in CVS Health during the 3rd quarter worth approximately $31,000. Crewe Advisors LLC acquired a new position in shares of CVS Health in the 1st quarter worth approximately $40,000. Reston Wealth Management LLC bought a new stake in CVS Health during the third quarter valued at $32,000. Kathleen S. Wright Associates Inc. bought a new position in shares of CVS Health in the 3rd quarter worth about $33,000. Finally, First Community Trust NA lifted its stake in shares of CVS Health by 116.2% in the 2nd quarter. First Community Trust NA now owns 562 shares of the pharmacy operator’s stock valued at $33,000 after purchasing an additional 302 shares during the period. Institutional investors own 80.66% of the company’s stock.

CVS Health Trading Down 1.2 %

Shares of NYSE:CVS traded down $0.65 on Friday, reaching $55.81. 13,581,795 shares of the company traded hands, compared to its average volume of 12,676,457. The stock has a market capitalization of $70.21 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 0.83 and a beta of 0.55. The business’s 50-day simple moving average is $59.66 and its 200 day simple moving average is $59.56. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 0.83. CVS Health Co. has a 52 week low of $52.77 and a 52 week high of $83.25.

CVS Health (NYSE:CVS) last posted its quarterly earnings results on Wednesday, August 7th. The pharmacy operator reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.10. The business had revenue of $91.23 billion for the quarter, compared to analyst estimates of $91.41 billion. CVS Health had a return on equity of 12.72% and a net margin of 1.98%. CVS Health’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $2.21 EPS. As a group, equities analysts anticipate that CVS Health Co. will post 6.41 EPS for the current fiscal year.

CVS Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were given a $0.665 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $2.66 annualized dividend and a dividend yield of 4.77%. CVS Health’s dividend payout ratio is 47.33%.

Analyst Upgrades and Downgrades

CVS has been the topic of a number of research analyst reports. Barclays cut their price target on CVS Health from $82.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. TD Cowen raised shares of CVS Health from a “hold” rating to a “buy” rating and increased their price objective for the stock from $59.00 to $85.00 in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $68.00 price target on shares of CVS Health in a research note on Wednesday, September 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 target price on shares of CVS Health in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of CVS Health from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, CVS Health presently has an average rating of “Moderate Buy” and an average price target of $73.17.

About CVS Health

CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services.