Cozad Asset Management Inc. trimmed its position in shares of CVS Health Co. (NYSE:CVS – Free Report) by 21.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,049 shares of the pharmacy operator’s stock after selling 2,740 shares during the quarter. Cozad Asset Management Inc.’s holdings in CVS Health were worth $593,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CVS. USA Financial Formulas lifted its holdings in shares of CVS Health by 573.2% in the fourth quarter. USA Financial Formulas now owns 377 shares of the pharmacy operator’s stock valued at $30,000 after purchasing an additional 321 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in CVS Health during the 4th quarter worth $32,000. First Community Trust NA grew 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 worth $33,000 after acquiring an additional 302 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of CVS Health during the fourth quarter valued at about $34,000. Finally, Steph & Co. grew its position in 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 in the last quarter. 80.66% of the stock is currently owned by institutional investors.
CVS Health Stock Performance
NYSE CVS opened at $59.30 on Thursday. The firm has a market cap of $74.44 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.80 and a beta of 0.52. The company has a 50-day simple moving average of $58.33 and a two-hundred day simple moving average of $64.04. 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 12-month low of $52.77 and a 12-month high of $83.25.
CVS Health Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 22nd were paid a dividend of $0.665 per share. The ex-dividend date was Monday, July 22nd. This represents a $2.66 annualized dividend and a dividend yield of 4.49%. CVS Health’s dividend payout ratio (DPR) is presently 46.75%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Baird R W raised CVS Health to a “hold” rating in a report on Thursday, May 30th. Barclays lowered their target price on CVS Health from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of CVS Health from $101.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Argus reduced their target price on shares of CVS Health from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of CVS Health from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, CVS Health currently has an average rating of “Moderate Buy” and a consensus target price of $72.48.
Read Our Latest Stock Report on CVS Health
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.
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