3,630 Shares in CVS Health Co. (NYSE:CVS) Acquired by Marquette Asset Management LLC

Marquette Asset Management LLC bought a new stake in CVS Health Co. (NYSE:CVS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,630 shares of the pharmacy operator’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Financial Bankshares Inc acquired a new stake in CVS Health in the fourth quarter worth $1,117,000. Avidity Partners Management LP purchased a new stake in CVS Health in the fourth quarter worth $58,430,000. Continuum Advisory LLC boosted its holdings in CVS Health by 16.1% in the 4th quarter. Continuum Advisory LLC now owns 31,881 shares of the pharmacy operator’s stock worth $2,517,000 after buying an additional 4,422 shares during the period. Midland Wealth Advisors LLC bought a new position in shares of CVS Health in the fourth quarter worth $1,315,000. Finally, Comerica Bank grew its holdings in CVS Health by 0.8% during the 4th quarter. Comerica Bank now owns 420,164 shares of the pharmacy operator’s stock valued at $33,176,000 after buying an additional 3,305 shares in the last quarter. 80.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CVS shares. Wells Fargo & Company raised their price objective on shares of CVS Health from $60.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft cut their target price on CVS Health from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. TD Cowen upgraded CVS Health from a “hold” rating to a “buy” rating and lifted their price target for the company from $59.00 to $85.00 in a research report on Friday, October 4th. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 target price on shares of CVS Health in a report on Tuesday, October 1st. Finally, Evercore ISI upped their price target on CVS Health from $62.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, CVS Health has a consensus rating of “Moderate Buy” and a consensus target price of $74.05.

CVS Health Stock Performance

Shares of CVS opened at $65.88 on Wednesday. The company has a market capitalization of $82.70 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.81 and a beta of 0.54. CVS Health Co. has a 52-week low of $52.77 and a 52-week high of $83.25. The stock has a 50 day moving average price of $58.67 and a 200 day moving average price of $61.25. 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 (NYSE:CVS) last released its quarterly earnings data 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 firm had revenue of $91.23 billion during the quarter, compared to analysts’ expectations 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 was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.21 earnings per share. Research analysts predict that CVS Health Co. will post 6.51 EPS for the current fiscal year.

CVS Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, October 21st will be issued a $0.665 dividend. The ex-dividend date is Monday, October 21st. This represents a $2.66 dividend on an annualized basis and a dividend yield of 4.04%. CVS Health’s dividend payout ratio (DPR) 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.