After-Hours Healthcare Mover: CVS Health Corporation (NYSE:CVS)

After-Hours Healthcare Mover: CVS Health Corporation (NYSE:CVS)

CVS Health Corporation (NYSE:CVS) has risen 3.17% since January 17, 2018 and is uptrending. $1.72 million worth of stock was sold by Bisaccia Lisa on Monday, October 1. On Wednesday, November 14 Brennan Troyen A sold $1.17M worth of CVS Health Corporation (NYSE:CVS) or 14,229 shares. Institutional investors own 2.70% stake in the company while Beta factor, which is used to measure riskiness of the security, was -4.01.

Several large investors have recently modified their holdings of the company. If earnings per share of $2.14 is revealed the profit of CVS could be $2.77B giving it 7.47 P/E. Last quarter $1.73 earnings per share was reported. Announces Date for Investor Conference Participation; 30/05/2018 - nLlGHT, Inc. Webster Bank N.A. raised its position in CVS Health by 10.3% during the fourth quarter. For the last month, shares have performed -11.07%. Finally, Narwhal Capital Management grew its holdings in CVS Health by 64.6% during the 4th quarter. Polaris Greystone Group Inc Ltd Co accumulated 320,991 shs or 1.74% of the stock.

At current stock price levels, CVS Health Corporation (NYSE:CVS) shares are trading -9.24% away from the 200-day moving average. Magnetar Financial Llc acquired 10,244 shares as Cvs Health Corp (CVS)'s stock declined 3.04%. Canton Hathaway LLC bought a new stake in shares of CVS Health during the third quarter valued at approximately $126,000. The shares were sold at an average price of $82.00, for a total transaction of $1,166,778.00. Following the sale, the insider now owns 496,577 shares of the company's stock, valued at approximately $34,283,676.08. Corporate insiders own 0.53% of the company's stock. Similarly, CVS Health Corporation (NYSE:CVS) experienced a 100-day Percent movement of -13.52% with a trading volume reaching 8,811,398. The stock exchanged hands with 13510793 numbers of shares contrast to its average daily volume of 9.64M shares. In many cases, CVS/Caremark was reimbursing independent pharmacists at a rate lower than the pharmacy paid to purchase the medication, while paying their own CVS pharmacies at rates much higher, keeping the money in their own pockets. The company has a current ratio of 2.44, a quick ratio of 1.94 and a debt-to-equity ratio of 1.66.

At the end of the most recent trading day, CVS Health Corporation closed at $63.92. That's change of 0.05, from 2018Q2's 1.07. The company had revenue of $47.27 billion for the quarter, compared to analyst estimates of $47.22 billion. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. On Monday, November 26 the stock of CVS Health Corporation (NYSE:CVS) has "Buy" rating given by Cantor Fitzgerald. The ex-dividend date is Thursday, January 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.14%. CVS Health's dividend payout ratio is now 33.90%.

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Several equities analysts recently commented on CVS shares. This rating uses a scale where a 1 or a 2 would indicate a consensus Buy recommendation. The stock was sold at an average price of $69.04, for a total value of $11,486,046.72.

The stock received analysts' mean target price of $3.00. CVS Health had 6 analyst reports since September 17, 2018 according to SRatingsIntel. Goldman Sachs has "Hold" rating and $8700 target. On Monday, September 17 Bank of America maintained CVS Health Corporation (NYSE:CVS) rating. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this report on another website, it was stolen and reposted in violation of US & worldwide copyright and trademark legislation. Northeast Investment Mgmt reported 1.71% stake. It operates through Pharmacy Services and Retail/LTC divisions. The Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services.

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