CVS Health Co. (NYSE:CVS) Stock Holdings Lessened by Birch Capital Management LLC

Birch Capital Management LLC cut its stake in shares of CVS Health Co. (NYSE:CVS) by 93.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,387 shares of the pharmacy operator’s stock after selling 58,442 shares during the quarter. Birch Capital Management LLC’s holdings in CVS Health were worth $197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in CVS Health during the 3rd quarter worth about $25,000. Livelsberger Financial Advisory purchased a new stake in shares of CVS Health in the 3rd quarter valued at approximately $31,000. Legacy Investment Solutions LLC purchased a new position in CVS Health during the 3rd quarter worth approximately $31,000. Reston Wealth Management LLC acquired a new stake in CVS Health during the 3rd quarter valued at $32,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of CVS Health in the third quarter valued at $33,000. 80.66% of the stock is owned by institutional investors and hedge funds.

CVS Health Stock Performance

Shares of CVS Health stock traded up $0.01 on Tuesday, reaching $45.83. The stock had a trading volume of 5,689,442 shares, compared to its average volume of 11,191,490. CVS Health Co. has a fifty-two week low of $43.56 and a fifty-two week high of $83.25. The business’s 50-day moving average price is $52.63 and its two-hundred day moving average price is $56.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market cap of $57.67 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.85 and a beta of 0.59.

CVS Health (NYSE:CVS) last issued its quarterly earnings results on Wednesday, November 6th. The pharmacy operator reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. CVS Health had a return on equity of 10.72% and a net margin of 1.36%. The company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $92.72 billion. During the same period last year, the business posted $2.21 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that CVS Health Co. will post 5.32 EPS for the current year.

CVS Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a $0.665 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.66 annualized dividend and a dividend yield of 5.80%. CVS Health’s payout ratio is 67.51%.

Analysts Set New Price Targets

CVS has been the topic of several recent analyst reports. Evercore ISI upped their price target on CVS Health from $62.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of CVS Health from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of CVS Health from $68.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised shares of CVS Health from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Tuesday, December 3rd. Finally, Mizuho dropped their price target on shares of CVS Health from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.71.

CVS Health Company Profile

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.