Published: Sun, December 03, 2017
Markets | By Noel Gibbs

Inc. Cuts Stake in CVS Health Corp (CVS)

Inc. Cuts Stake in CVS Health Corp (CVS)

Vetr cut CVS Health Corp from a "strong-buy" rating to a "buy" rating and set a $85.96 price objective for the company.in a research report on Tuesday. The company was maintained on Wednesday, November 9 by Mizuho. Its up 16.06% from 21.40 million shares previously. The firm earned "Equal-Weight" rating on Monday, June 20 by Morgan Stanley. Community Bank N.A. boosted its holdings in shares of CVS Health by 7.3% in the 2nd quarter. SunTrust maintained NXP Semiconductors N.V. (NASDAQ:NXPI) on Wednesday, October 11 with "Hold" rating. RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, July 24. The firm earned "Buy" rating on Friday, November 10 by Bank of America. Veritable Lp acquired 15,162 shares as Cvs Health Corp (CVS)'s stock declined 4.23%.

Clarivest Asset Management Llc, which manages about $3.41B and $4.27 billion US Long portfolio, upped its stake in Grand Canyon Ed Inc (NASDAQ:LOPE) by 32,862 shares to 42,178 shares, valued at $3.31 million in 2017Q2, according to the filing. CVS Health has $132 highest and $73 lowest target.

The stock decreased 2.17% or $1.66 during the last trading session, reaching $74.94. The shares were sold at an average price of $83.07, for a total value of $20,032,330.50. Beach Investment Counsel Pa reported 0.23% in CVS Health Corporation (NYSE:CVS). It has underperformed by 41.10% the S&P500.

The stock increased 1.98% or $0.34 during the last trading session, reaching $17.52. About 3.26 million shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since December 1, 2016 and is downtrending. It has underperformed by 3.35% the S&P500. Companies having a market cap of $10 billion or more are typically considered as the major players of the market.

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Clarivest Asset Management Llc decreased its stake in Cvs Health Corp (CVS) by 2.46% based on its latest 2017Q2 regulatory filing with the SEC. Easy to calculate and understand, P/E is an extremely common ratio that is used to compare valuations of stocks against each other relatively. The Wealth Management division offers advisory and financial services to wealthy private clients. The investor is now holding $30.37 million shares due in part to a decrease of 374538 new shares in their portfolio. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.55.

Other large investors have also bought and sold shares of the company.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The pharmacy operator reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.01. Eastern Bankshares has 195,480 shares. Oppenheimer Asset Mgmt has invested 0.07% in CVS Health Corporation (NYSE:CVS). Moreover, Northstar Grp Inc has 1.26% invested in CVS Health Corporation (NYSE:CVS). The firm owned 77,532,410 shares of the company's stock after buying an additional 974,813 shares during the period. Dimensional Fund Advsrs Limited Partnership holds 0.39% in CVS Health Corporation (NYSE:CVS) or 10.43M shares. Carroll Associate Inc has 6,599 shares. Cypress Management Limited Liability Company accumulated 14,074 shares. Royal Bank Of Canada started coverage on shares of CVS Health in a research report on Tuesday, September 19th. Finally, Nadler Financial Group Inc. purchased a new stake in shares of CVS Health during the 2nd quarter valued at about $202,000. Switzerland-based Banque Pictet & Cie Sa has invested 0.28% in CVS Health Corporation (NYSE:CVS). According to the most recent data, CVS Health Corporation has a 52-week high of $84.72 and a 52-week low of $66.45. Metropolitan Life Communication holds 494,028 shares. Employees Retirement Association Of Colorado holds 0% or 27,985 shares in its portfolio.

Investors are sharpening their focus on shares of CVS Health Corporation (NYSE:CVS). Therefore 63% are positive.

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Analysts await RPX Corporation (NASDAQ:RPXC) to report earnings on February, 13. Citigroup maintained the shares of CVS in report on Monday, November 13 with "Neutral" rating. Cowen set a $86.00 price target on CVS Health and gave the stock a "buy" rating in a research report on Sunday, October 29th. The rating was maintained by Jefferies with "Hold" on Wednesday, August 16. The stock has "Neutral" rating by Atlantic Securities on Monday, February 6.

Earnings-per-share (EPS) ratio for CVS is 4.84, exhibiting the allocation of the profit to each of its outstanding share of common stock. The firm has a market capitalization of $76,100.00, a P/E ratio of 12.73, a PEG ratio of 1.25 and a beta of 0.86. The company was maintained on Monday, November 2 by Oppenheimer.

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: Reuters.com which released: "CVS, Aetna aim to finalize deal as early as December: sources" on November 03, 2017, also Fool.com with their article: "Better Buy: CVS Health Corporation vs. Wal-Mart" published on November 16, 2017, Seekingalpha.com published: "CVS Health - Attractive Long-Term Income Play" on November 24, 2017.

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