Boyd Watterson Asset Management LLC OH trimmed its holdings in shares of CVS Health Corp (NYSE:CVS) by 47.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,908 shares of the pharmacy operator’s stock after selling 3,570 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in CVS Health were worth $283,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Beach Investment Management LLC. purchased a new position in shares of CVS Health during the second quarter valued at $2,224,000. Dupont Capital Management Corp increased its stake in shares of CVS Health by 13.3% during the second quarter. Dupont Capital Management Corp now owns 318,417 shares of the pharmacy operator’s stock valued at $25,620,000 after buying an additional 37,412 shares during the period. WASHINGTON TRUST Co increased its stake in shares of CVS Health by 0.3% during the second quarter. WASHINGTON TRUST Co now owns 337,722 shares of the pharmacy operator’s stock valued at $27,174,000 after buying an additional 906 shares during the period. State of Wisconsin Investment Board increased its stake in shares of CVS Health by 14.3% during the second quarter. State of Wisconsin Investment Board now owns 1,638,024 shares of the pharmacy operator’s stock valued at $131,795,000 after buying an additional 205,310 shares during the period. Finally, Horan Capital Advisors LLC. increased its stake in shares of CVS Health by 3.2% during the second quarter. Horan Capital Advisors LLC. now owns 32,115 shares of the pharmacy operator’s stock valued at $2,584,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.
In other news, EVP Lisa Bisaccia sold 29,445 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,208,375.00. Following the sale, the executive vice president now owns 15,556 shares in the company, valued at $1,166,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.
Shares of CVS Health Corp (NYSE CVS) opened at $71.90 on Monday. CVS Health Corp has a 52 week low of $66.45 and a 52 week high of $84.00. The firm has a market capitalization of $72,830.00, a PE ratio of 11.11, a PEG ratio of 1.22 and a beta of 0.92. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.59.
CVS Health (NYSE:CVS) last issued its quarterly earnings results on Thursday, February 8th. The pharmacy operator reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.04. CVS Health had a return on equity of 17.21% and a net margin of 3.58%. The business had revenue of $48.39 billion for the quarter, compared to analyst estimates of $47.54 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. research analysts forecast that CVS Health Corp will post 6.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Wednesday, January 24th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.78%. CVS Health’s payout ratio is 30.91%.
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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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