Measured Wealth Private Client Group LLC purchased a new stake in CVS Health Corporation (NYSE:CVS – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 9,523 shares of the pharmacy operator’s stock, valued at approximately $718,000.
Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of CVS Health during the 2nd quarter valued at about $1,358,698,000. Wellington Management Group LLP lifted its holdings in shares of CVS Health by 391.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,330,717 shares of the pharmacy operator’s stock worth $477,273,000 after acquiring an additional 5,042,816 shares during the period. Amundi boosted its position in shares of CVS Health by 95.3% in the third quarter. Amundi now owns 7,453,980 shares of the pharmacy operator’s stock worth $572,665,000 after acquiring an additional 3,637,943 shares during the last quarter. Invesco Ltd. grew its holdings in CVS Health by 15.3% in the second quarter. Invesco Ltd. now owns 23,532,479 shares of the pharmacy operator’s stock valued at $1,623,270,000 after purchasing an additional 3,118,626 shares during the period. Finally, Capital Research Global Investors increased its position in CVS Health by 24.5% during the third quarter. Capital Research Global Investors now owns 11,469,250 shares of the pharmacy operator’s stock worth $864,667,000 after purchasing an additional 2,253,531 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.
Analysts Set New Price Targets
CVS has been the topic of a number of research analyst reports. UBS Group reiterated an “outperform” rating on shares of CVS Health in a report on Wednesday, December 10th. Wolfe Research dropped their price objective on CVS Health from $100.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of CVS Health in a report on Thursday, December 4th. Bank of America dropped their price target on CVS Health from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, Truist Financial set a $100.00 price objective on CVS Health in a report on Wednesday, December 10th. Twenty analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.05.
CVS Health Stock Down 0.4%
NYSE CVS opened at $75.81 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.84 and a debt-to-equity ratio of 0.80. CVS Health Corporation has a fifty-two week low of $58.35 and a fifty-two week high of $85.15. The business has a 50 day moving average price of $78.08 and a two-hundred day moving average price of $77.85. The stock has a market cap of $96.45 billion, a PE ratio of 54.94, a P/E/G ratio of 0.79 and a beta of 0.49.
CVS Health (NYSE:CVS – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The pharmacy operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $105.69 billion for the quarter, compared to analyst estimates of $103.67 billion. CVS Health had a net margin of 0.44% and a return on equity of 11.31%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. CVS Health has set its FY 2026 guidance at 5.940-6.140 EPS. As a group, sell-side analysts predict that CVS Health Corporation will post 5.89 EPS for the current fiscal year.
CVS Health Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 22nd were issued a $0.665 dividend. The ex-dividend date was Thursday, January 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 3.5%. CVS Health’s payout ratio is currently 192.75%.
CVS Health Company Profile
CVS Health Corporation is a diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services and health care solutions. Headquartered in Woonsocket, Rhode Island, the company traces its roots to the early 1960s and has grown into an integrated provider of prescription drugs, over‑the‑counter products, clinical services and health insurance offerings. Its operating model combines retail pharmacy locations and in‑store clinics with broader pharmacy and health plan capabilities.
Key business activities include CVS Pharmacy retail operations, MinuteClinic walk‑in medical clinics and HealthHUB locations that offer expanded clinical services.
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