Mark Sheptoff Financial Planning LLC trimmed its holdings in CVS Health Corporation (NYSE:CVS) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,157 shares of the pharmacy operator’s stock after selling 892 shares during the period. CVS Health Corporation accounts for about 2.9% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 7th largest position. Mark Sheptoff Financial Planning LLC’s holdings in CVS Health Corporation were worth $4,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gemmer Asset Management LLC boosted its stake in shares of CVS Health Corporation by 15.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 1,509 shares of the pharmacy operator’s stock worth $121,000 after purchasing an additional 200 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of CVS Health Corporation during the 2nd quarter worth about $121,000. SRS Capital Advisors Inc. boosted its stake in shares of CVS Health Corporation by 48.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,256 shares of the pharmacy operator’s stock worth $177,000 after purchasing an additional 734 shares during the last quarter. Grace & White Inc. NY acquired a new stake in shares of CVS Health Corporation during the 2nd quarter worth about $199,000. Finally, Nadler Financial Group Inc. acquired a new stake in shares of CVS Health Corporation during the 2nd quarter worth about $202,000. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CVS Health Corporation (CVS) opened at $70.99 on Monday. CVS Health Corporation has a one year low of $66.45 and a one year high of $84.72. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 0.67. The firm has a market cap of $71,912.30, a PE ratio of 12.43, a P/E/G ratio of 1.22 and a beta of 0.86.

CVS Health Corporation (NYSE:CVS) last issued its quarterly earnings data on Monday, November 6th. The pharmacy operator reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. CVS Health Corporation had a net margin of 2.77% and a return on equity of 16.96%. The business had revenue of $46.18 billion for the quarter, compared to analysts’ expectations of $46.17 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. research analysts predict that CVS Health Corporation will post 5.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Shareholders of record on Tuesday, October 24th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Monday, October 23rd. CVS Health Corporation’s dividend payout ratio (DPR) is presently 41.32%.

In other CVS Health Corporation news, EVP Thomas M. Moriarty sold 90,267 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $79.61, for a total transaction of $7,186,155.87. Following the sale, the executive vice president now owns 70,102 shares in the company, valued at approximately $5,580,820.22. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David M. Denton sold 237,078 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $79.65, for a total value of $18,883,262.70. Following the sale, the chief financial officer now owns 141,096 shares in the company, valued at approximately $11,238,296.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 716,625 shares of company stock worth $58,318,431. 0.61% of the stock is owned by company insiders.

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Several equities research analysts recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $77.00 target price on shares of CVS Health Corporation in a research report on Friday, October 27th. BidaskClub cut shares of CVS Health Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Mizuho set a $90.00 target price on shares of CVS Health Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Loop Capital assumed coverage on shares of CVS Health Corporation in a research report on Thursday, August 24th. They issued a “hold” rating and a $83.00 target price on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of CVS Health Corporation in a research report on Sunday, September 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $85.82.

CVS Health Corporation Profile

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. The Company provides pharmacy care for the senior community through Omnicare, Inc (Omnicare) and Omnicare’s long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings.

Institutional Ownership by Quarter for CVS Health Corporation (NYSE:CVS)

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