Lbp Am Sa bought a new position in shares of CVS Health Co. (NYSE:CVS – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 145,705 shares of the pharmacy operator’s stock, valued at approximately $6,541,000.
A number of other institutional investors and hedge funds have also modified their holdings of CVS. Davis Selected Advisers increased its stake in shares of CVS Health by 2,998.1% during the fourth quarter. Davis Selected Advisers now owns 11,385,950 shares of the pharmacy operator’s stock worth $511,115,000 after purchasing an additional 11,018,438 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of CVS Health by 49.3% during the fourth quarter. Pzena Investment Management LLC now owns 19,610,579 shares of the pharmacy operator’s stock worth $880,319,000 after purchasing an additional 6,475,271 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of CVS Health by 34.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,897,034 shares of the pharmacy operator’s stock worth $748,085,000 after purchasing an additional 3,071,613 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CVS Health during the fourth quarter worth about $116,033,000. Finally, ARGA Investment Management LP increased its stake in shares of CVS Health by 7,567.7% during the fourth quarter. ARGA Investment Management LP now owns 2,402,901 shares of the pharmacy operator’s stock worth $107,866,000 after purchasing an additional 2,371,563 shares in the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.
Insider Buying and Selling at CVS Health
In other CVS Health news, SVP James David Clark sold 7,513 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $66.35, for a total value of $498,487.55. Following the completion of the transaction, the senior vice president now owns 8,394 shares of the company’s stock, valued at $556,941.90. This trade represents a 47.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael F. Mahoney acquired 30,000 shares of CVS Health stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $66.70 per share, for a total transaction of $2,001,000.00. Following the completion of the acquisition, the director now directly owns 39,356 shares in the company, valued at approximately $2,625,045.20. This represents a 320.65 % increase in their position. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on CVS
CVS Health Stock Performance
NYSE:CVS opened at $65.63 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.60 and a current ratio of 0.81. The stock has a market capitalization of $82.75 billion, a P/E ratio of 17.93, a PEG ratio of 0.98 and a beta of 0.53. The company has a 50 day moving average price of $58.47 and a 200 day moving average price of $57.00. CVS Health Co. has a fifty-two week low of $43.56 and a fifty-two week high of $80.75.
CVS Health (NYSE:CVS – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The pharmacy operator reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.30. CVS Health had a net margin of 1.24% and a return on equity of 9.11%. Equities research analysts forecast that CVS Health Co. will post 5.89 EPS for the current year.
CVS Health Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd were given a $0.665 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $2.66 annualized dividend and a yield of 4.05%. CVS Health’s dividend payout ratio is presently 72.68%.
About CVS Health
CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services.
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