Westwood Management Corp IL lowered its position in CVS Health Corporation (NYSE:CVS) by 78.6% during the second quarter, Holdings Channel reports. The fund owned 7,400 shares of the pharmacy operator’s stock after selling 27,200 shares during the period. Westwood Management Corp IL’s holdings in CVS Health Corporation were worth $708,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Springbok Capital Management LLC raised its stake in shares of CVS Health Corporation by 190.5% in the first quarter. Springbok Capital Management LLC now owns 1,130 shares of the pharmacy operator’s stock worth $117,000 after buying an additional 741 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of CVS Health Corporation by 87.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,605 shares of the pharmacy operator’s stock worth $154,000 after buying an additional 750 shares during the last quarter. Physicians Financial Services Inc. raised its stake in shares of CVS Health Corporation by 5.8% in the second quarter. Physicians Financial Services Inc. now owns 1,849 shares of the pharmacy operator’s stock worth $177,000 after buying an additional 101 shares during the last quarter. Highland Private Wealth Management acquired a new stake in shares of CVS Health Corporation during the first quarter worth $198,000. Finally, Integrated Investment Consultants LLC raised its stake in shares of CVS Health Corporation by 13.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,311 shares of the pharmacy operator’s stock worth $221,000 after buying an additional 280 shares during the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

Shares of CVS Health Corporation (NYSE:CVS) traded down 0.03% during mid-day trading on Friday, reaching $90.12. The company’s stock had a trading volume of 6,406,845 shares. CVS Health Corporation has a 1-year low of $86.50 and a 1-year high of $106.67. The firm has a market capitalization of $96.09 billion, a P/E ratio of 20.73 and a beta of 0.84. The company’s 50-day moving average is $95.13 and its 200 day moving average is $98.29.

CVS Health Corporation (NYSE:CVS) last announced its earnings results on Tuesday, August 2nd. The pharmacy operator reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. CVS Health Corporation had a return on equity of 15.86% and a net margin of 2.88%. The company had revenue of $43.70 billion for the quarter, compared to the consensus estimate of $44.28 billion. During the same period last year, the business posted $1.19 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, analysts expect that CVS Health Corporation will post $5.86 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their price target on CVS Health Corporation from $108.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Citigroup Inc. dropped their price target on CVS Health Corporation from $115.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, August 8th. Vetr lowered CVS Health Corporation from a “strong-buy” rating to a “hold” rating and set a $95.44 price target on the stock. in a research note on Monday, July 25th. Morgan Stanley downgraded CVS Health Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $111.00 to $104.00 in a report on Monday, June 20th. Finally, Leerink Swann reaffirmed a “buy” rating on shares of CVS Health Corporation in a report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $113.02.

CVS Health Corporation Company Profile

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.

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