Scale is no easy remedy for CVS price pressures

Scale is no easy remedy for CVS price pressures

The company booked a net loss of $419 million, or 37 cents per share, in the fourth quarter ended December 31, compared with a net income of $3.29 billion, or $3.22 per share, a year earlier when it benefited from changes to USA tax laws. Bell Rock Capital LLC now owns 432 shares of the pharmacy operator's stock valued at $28,000 after buying an additional 382 shares in the last quarter. CVS has touted the transaction as a way to transform how Americans receive health care and lower their costs, as well as strengthen CVS' business.

In related news, COO Jonathan C. Roberts sold 77,639 shares of the company's stock in a transaction on Friday, February 1st. CVS Health's quarterly revenue was up 12.5% on a year-over-year basis. Finally, Butensky & Cohen Financial Security Inc. grew its stake in CVS Health by 1.5% during the 4th quarter. Leavell Investment Management Inc. now owns 7,653 shares of the pharmacy operator's stock valued at $602,000 after buying an additional 1,146 shares in the last quarter.

A number of research analysts have issued reports on the company. This forecast contributed to CVS Health's share price dropping 8% on Wednesday to its lowest point since November 2016, according to CNBC. They set a "peer perform" rating on the stock. Argus raised their target price on shares of CVS Health to $100.00 and gave the company a "buy" rating in a research note on Tuesday, November 13th. "ORCRP000343-topic.html" class="local_link" >Aetna previous year was the right move for the health-care giant. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company's stock. The stock has a consensus price target of $88.57. The disclosure for this sale can be found here. The stock has dropped almost 3 per cent in the last 12 months. D E Shaw Communication accumulated 1.03M shares or 0.1% of the stock.

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Shares of CVS opened at $63.90 on Wednesday. It has retreated -17.56% since it's 52-week high of $82.15 reached in November. It's also very liquid in the near term, with a current ratio of 2.4. The stock has a market capitalization of $71.19 billion, a PE ratio of 10.83, a P/E/G ratio of 0.94 and a beta of 1.03. CVS Health Corporation (NYSE:CVS) has risen 3.17% since February 20, 2018 and is uptrending. Adjusted for one-time charges, earnings per share were $2.14 versus $1.92 in the year-prior quarter. CVS Health had a net margin of 1.65% and a return on equity of 18.69%.

Net revenues totalled $54.4 billion for Q4, an improvement of more than $6 billion year-over-year, contributing to total revenues of $194.5 billion for the full year, itself a almost $10 billion increase. The company expects revenue in the range of $249.86 billion and $254.29 billion versus analysts' expectations of $247.61 billion. Further deterioration is expected in 2019, leading to the $2.2 billion goodwill impairment charge.

WARNING: "Xact Kapitalforvaltning AB Purchases 45,049 Shares of CVS Health Corp (CVS)" was originally posted by Fairfield Current and is the sole property of of Fairfield Current. The ex-dividend date was Thursday, January 24th.

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