Elo Mutual Pension Insurance Co Sells 4,408 Shares of CVS Health Co. (NYSE:CVS)

Elo Mutual Pension Insurance Co decreased its stake in CVS Health Co. (NYSE:CVS) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,178 shares of the pharmacy operator’s stock after selling 4,408 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in CVS Health were worth $6,684,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Steph & Co. grew its holdings in shares of CVS Health by 192.0% in the 1st quarter. Steph & Co. now owns 438 shares of the pharmacy operator’s stock worth $35,000 after purchasing an additional 288 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in CVS Health by 1.6% during the first quarter. Douglas Lane & Associates LLC now owns 1,084,256 shares of the pharmacy operator’s stock worth $86,480,000 after buying an additional 16,840 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of CVS Health during the fourth quarter worth approximately $151,000. State of Tennessee Treasury Department boosted its holdings in shares of CVS Health by 10.4% in the 4th quarter. State of Tennessee Treasury Department now owns 624,817 shares of the pharmacy operator’s stock worth $49,336,000 after acquiring an additional 58,836 shares in the last quarter. Finally, BOCHK Asset Management Ltd bought a new stake in CVS Health during the 4th quarter worth approximately $2,116,000. 80.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CVS. Royal Bank of Canada reissued an “outperform” rating and issued a $68.00 price objective on shares of CVS Health in a research note on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of CVS Health from $101.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 target price on shares of CVS Health in a research note on Monday. Baird R W raised shares of CVS Health to a “hold” rating in a report on Thursday, May 30th. Finally, Wells Fargo & Company upped their price objective on CVS Health from $60.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.10.

CVS Health Trading Up 1.0 %

Shares of NYSE CVS opened at $58.42 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 0.83. CVS Health Co. has a twelve month low of $52.77 and a twelve month high of $83.25. The company’s fifty day moving average is $58.33 and its 200-day moving average is $62.74. The stock has a market cap of $73.34 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.79 and a beta of 0.53.

CVS Health (NYSE:CVS) last released its quarterly earnings results on Wednesday, August 7th. The pharmacy operator reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.10. CVS Health had a return on equity of 12.72% and a net margin of 1.98%. The company had revenue of $91.23 billion for the quarter, compared to analyst estimates of $91.41 billion. During the same quarter last year, the firm posted $2.21 earnings per share. CVS Health’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that CVS Health Co. will post 6.51 EPS for the current year.

CVS Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Monday, July 22nd were issued a dividend of $0.665 per share. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $2.66 dividend on an annualized basis and a dividend yield of 4.55%. CVS Health’s payout ratio is 46.75%.

CVS Health Company Profile

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.