Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Position in CVS Health Corp (CVS)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of CVS Health Corp (NYSE:CVS) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 238,668 shares of the pharmacy operator’s stock after buying an additional 3,427 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CVS Health were worth $19,408,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CVS. Jackson Grant Investment Advisers Inc. lifted its stake in shares of CVS Health by 0.6% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,881 shares of the pharmacy operator’s stock worth $232,000 after buying an additional 18 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in shares of CVS Health by 1.3% in the second quarter. Traynor Capital Management Inc. now owns 3,676 shares of the pharmacy operator’s stock worth $290,000 after buying an additional 48 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of CVS Health by 0.8% in the second quarter. Sequoia Financial Advisors LLC now owns 6,406 shares of the pharmacy operator’s stock worth $515,000 after buying an additional 53 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of CVS Health by 1.8% in the second quarter. Brookstone Capital Management now owns 3,153 shares of the pharmacy operator’s stock worth $254,000 after buying an additional 55 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its stake in shares of CVS Health by 0.7% in the second quarter. Mengis Capital Management Inc. now owns 11,415 shares of the pharmacy operator’s stock worth $918,000 after buying an additional 75 shares in the last quarter. 81.69% of the stock is currently owned by institutional investors and hedge funds.

In other CVS Health news, EVP Lisa Bisaccia sold 29,445 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,208,375.00. Following the completion of the sale, the executive vice president now directly owns 15,556 shares of the company’s stock, valued at $1,166,700. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

CVS has been the topic of several analyst reports. Leerink Swann reiterated an “outperform” rating and issued a $85.00 target price (down previously from $90.00) on shares of CVS Health in a research note on Tuesday, November 7th. Oppenheimer reiterated a “buy” rating and issued a $95.00 target price on shares of CVS Health in a research note on Monday, October 9th. Raymond James Financial upgraded shares of CVS Health from an “outperform” rating to a “strong-buy” rating and set a $90.00 target price on the stock in a research note on Thursday, January 4th. They noted that the move was a valuation call. SunTrust Banks set a $85.00 target price on shares of CVS Health and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of CVS Health in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.63.

CVS Health Corp (NYSE CVS) opened at $79.50 on Thursday. The firm has a market cap of $80,472.09, a P/E ratio of 16.43, a P/E/G ratio of 1.25 and a beta of 0.90. CVS Health Corp has a 52-week low of $66.45 and a 52-week 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.

CVS Health (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 the Zacks’ consensus estimate of $1.49 by $0.01. The company had revenue of $46.18 billion for the quarter, compared to the consensus estimate of $46.17 billion. CVS Health had a net margin of 2.77% and a return on equity of 16.96%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. equities analysts expect that CVS Health Corp will post 5.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Wednesday, January 24th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.52%. CVS Health’s dividend payout ratio (DPR) is 41.32%.

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CVS Health Company 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 (NYSE:CVS)

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