Teacher Retirement System of Texas trimmed its position in CVS Health Corporation (NYSE:CVS) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 669,631 shares of the pharmacy operator’s stock after selling 523 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of CVS Health Corporation worth $53,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of CVS Health Corporation by 3.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 176,294 shares of the pharmacy operator’s stock valued at $13,840,000 after purchasing an additional 5,478 shares in the last quarter. Fiduciary Trust Co. raised its stake in shares of CVS Health Corporation by 1.2% in the first quarter. Fiduciary Trust Co. now owns 366,007 shares of the pharmacy operator’s stock valued at $28,732,000 after purchasing an additional 4,265 shares in the last quarter. British Columbia Investment Management Corp raised its stake in shares of CVS Health Corporation by 3.7% in the first quarter. British Columbia Investment Management Corp now owns 561,299 shares of the pharmacy operator’s stock valued at $44,062,000 after purchasing an additional 19,794 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of CVS Health Corporation by 6.7% in the first quarter. Independent Advisor Alliance now owns 26,460 shares of the pharmacy operator’s stock valued at $2,038,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of CVS Health Corporation by 1.1% in the first quarter. Bahl & Gaynor Inc. now owns 14,922 shares of the pharmacy operator’s stock valued at $1,171,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 81.46% of the company’s stock.

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A number of research analysts recently commented on CVS shares. Guggenheim restated a “buy” rating on shares of CVS Health Corporation in a research note on Monday, July 3rd. Leerink Swann set a $90.00 target price on CVS Health Corporation and gave the company a “buy” rating in a research note on Tuesday, June 27th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $95.00 target price on shares of CVS Health Corporation in a research note on Monday, October 9th. SunTrust Banks, Inc. set a $85.00 target price on CVS Health Corporation and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $82.00 target price on shares of CVS Health Corporation in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $89.68.

In related news, EVP Thomas M. Moriarty sold 20,547 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $81.17, for a total transaction of $1,667,799.99. Following the sale, the executive vice president now owns 43,178 shares in the company, valued at approximately $3,504,758.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Helena Foulkes sold 39,340 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $81.88, for a total value of $3,221,159.20. Following the sale, the executive vice president now owns 84,337 shares in the company, valued at approximately $6,905,513.56. The disclosure for this sale can be found here. Insiders have sold a total of 716,625 shares of company stock valued at $58,318,431 in the last three months. 0.61% of the stock is owned by insiders.

Shares of CVS Health Corporation (CVS) opened at 72.63 on Wednesday. The company has a market cap of $73.83 billion, a PE ratio of 14.47 and a beta of 0.92. CVS Health Corporation has a one year low of $69.30 and a one year high of $88.84. The stock’s 50 day moving average price is $79.27 and its 200 day moving average price is $78.87.

CVS Health Corporation (NYSE:CVS) last posted its quarterly earnings results on Tuesday, August 8th. The pharmacy operator reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. CVS Health Corporation had a return on equity of 17.47% and a net margin of 2.93%. The company had revenue of $45.69 billion during the quarter, compared to analysts’ expectations of $45.36 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. CVS Health Corporation’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that CVS Health Corporation will post $5.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Tuesday, October 24th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, October 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.75%. CVS Health Corporation’s dividend payout ratio (DPR) is currently 39.92%.

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.

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

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