Community Trust & Investment Co. decreased its position in CVS Health Corporation (NYSE:CVS) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,499 shares of the pharmacy operator’s stock after selling 2,338 shares during the period. CVS Health Corporation makes up about 2.1% of Community Trust & Investment Co.’s portfolio, making the stock its 21st largest position. Community Trust & Investment Co.’s holdings in CVS Health Corporation were worth $16,685,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CVS. Acrospire Investment Management LLC increased its stake in CVS Health Corporation by 542.2% in the second quarter. Acrospire Investment Management LLC now owns 1,066 shares of the pharmacy operator’s stock valued at $102,000 after buying an additional 900 shares during the last quarter. MU Investments Co. Ltd. increased its stake in CVS Health Corporation by 62.0% in the second quarter. MU Investments Co. Ltd. now owns 1,150 shares of the pharmacy operator’s stock valued at $109,000 after buying an additional 440 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its stake in CVS Health Corporation by 3,475.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,144 shares of the pharmacy operator’s stock valued at $110,000 after buying an additional 1,112 shares during the last quarter. D Orazio & Associates Inc. increased its stake in CVS Health Corporation by 9.4% in the second quarter. D Orazio & Associates Inc. now owns 1,160 shares of the pharmacy operator’s stock valued at $111,000 after buying an additional 100 shares during the last quarter. Finally, Cantab Capital Partners LLP increased its stake in CVS Health Corporation by 355.4% in the second quarter. Cantab Capital Partners LLP now owns 1,184 shares of the pharmacy operator’s stock valued at $113,000 after buying an additional 924 shares during the last quarter. Hedge funds and other institutional investors own 80.44% of the company’s stock.

Institutional Ownership by Quarter for CVS Health Corporation (NYSE:CVS)

Shares of CVS Health Corporation (NYSE:CVS) traded up 1.24% during mid-day trading on Tuesday, reaching $75.71. The company’s stock had a trading volume of 3,458,170 shares. The firm’s 50 day moving average is $81.47 and its 200-day moving average is $91.44. CVS Health Corporation has a 52-week low of $69.30 and a 52-week high of $106.67. The company has a market capitalization of $80.74 billion, a PE ratio of 16.23 and a beta of 0.88.

CVS Health Corporation (NYSE:CVS) last announced its quarterly earnings results on Tuesday, November 8th. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.07. CVS Health Corporation had a return on equity of 17.18% and a net margin of 2.96%. The company earned $44.60 billion during the quarter, compared to analyst estimates of $45.29 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts forecast that CVS Health Corporation will post $5.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 3rd. Stockholders of record on Monday, October 24th were issued a $0.425 dividend. The ex-dividend date was Thursday, October 20th. This represents a $1.70 annualized dividend and a dividend yield of 2.28%. CVS Health Corporation’s dividend payout ratio (DPR) is 36.40%.

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Several equities research analysts have recently weighed in on the company. Argus reissued a “buy” rating and issued a $85.00 price objective (down from $120.00) on shares of CVS Health Corporation in a report on Thursday, November 10th. Barclays PLC reissued a “buy” rating and issued a $85.00 price objective on shares of CVS Health Corporation in a report on Wednesday, November 9th. Leerink Swann reaffirmed a “buy” rating and set a $105.00 price target on shares of CVS Health Corporation in a report on Wednesday, November 9th. Mizuho increased their price target on CVS Health Corporation from $90.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, November 9th. Finally, Guggenheim reaffirmed a “buy” rating and set a $90.00 price target (down from $115.00) on shares of CVS Health Corporation in a report on Tuesday, November 8th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $106.24.

About CVS Health Corporation

CVS Health Corporation, together with its subsidiaries (CVS Health), is a pharmacy company. The Company operates through three business segments: Pharmacy Services, Retail/LTC and Corporate. The Company offers a range of products and services, such as advising patients on their medications at its CVS Pharmacy locations, introducing programs to help control costs for its clients at CVS Caremark, how care is delivered to its patients with conditions through CVS Specialty, pharmacy care for the senior community through Omnicare.

5 Day Chart for NYSE:CVS

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