CVS Health Co. (NYSE:CVS) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its stake in shares of CVS Health Co. (NYSE:CVS) by 14.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,096 shares of the pharmacy operator’s stock after purchasing an additional 1,151 shares during the quarter. Stonegate Investment Group LLC’s holdings in CVS Health were worth $408,000 as of its most recent SEC filing.

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

CVS Health Trading Up 2.2 %

Shares of NYSE:CVS opened at $57.45 on Wednesday. CVS Health Co. has a twelve month low of $43.56 and a twelve month high of $80.75. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.80. The firm has a market cap of $72.29 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.80 and a beta of 0.59. The company has a 50 day moving average of $51.24 and a 200-day moving average of $56.19.

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 analysts’ consensus estimates of $1.08 by $0.01. The firm had revenue of $95.43 billion during the quarter, compared to analyst estimates of $92.72 billion. CVS Health had a return on equity of 10.72% and a net margin of 1.36%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $2.21 EPS. As a group, analysts anticipate that CVS Health Co. will post 5.22 earnings per share for the current fiscal year.

CVS Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Thursday, January 23rd. CVS Health’s payout ratio is 67.51%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CVS. UBS Group increased their target price on shares of CVS Health from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. TD Cowen raised their target price on shares of CVS Health from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barclays lowered their target price on CVS Health from $75.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company raised CVS Health from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $60.00 to $66.00 in a report on Monday, November 18th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price objective on shares of CVS Health in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.12.

About CVS Health

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.