Country Club Bank Sells 56,622 Shares of CVS Health Co. (NYSE:CVS)

Country Club Bank decreased its holdings in CVS Health Co. (NYSE:CVS) by 89.0% in the fourth quarter, Holdings Channel reports. The fund owned 7,023 shares of the pharmacy operator’s stock after selling 56,622 shares during the quarter. Country Club Bank’s holdings in CVS Health were worth $309,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in shares of CVS Health in the 3rd quarter worth approximately $25,000. Livelsberger Financial Advisory purchased a new position in CVS Health during the third quarter worth $31,000. Legacy Investment Solutions LLC bought a new position in CVS Health during the third quarter valued at $31,000. Reston Wealth Management LLC purchased a new stake in shares of CVS Health in the third quarter valued at $32,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of CVS Health during the 3rd quarter worth about $33,000. 80.66% of the stock is owned by institutional investors.

CVS Health Trading Down 1.3 %

Shares of NYSE:CVS opened at $55.62 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $69.99 billion, a PE ratio of 14.12, a P/E/G ratio of 0.62 and a beta of 0.61. CVS Health Co. has a 12-month low of $43.56 and a 12-month high of $80.75. The business’s fifty day simple moving average is $51.11 and its 200-day simple moving average is $56.06.

CVS Health (NYSE:CVS) last released its quarterly earnings results on Wednesday, November 6th. The pharmacy operator reported $1.09 EPS for the quarter, beating the consensus estimate of $1.08 by $0.01. CVS Health had a net margin of 1.36% and a return on equity of 10.72%. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $92.72 billion. During the same period in the prior year, the firm posted $2.21 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that CVS Health Co. will post 5.14 earnings per share for the current fiscal year.

CVS Health Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 4.78%. The ex-dividend date was Thursday, January 23rd. CVS Health’s dividend payout ratio is currently 67.51%.

Analyst Ratings Changes

Several brokerages have issued reports on CVS. TD Cowen raised their price objective on shares of CVS Health from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. UBS Group boosted their price objective on CVS Health from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays decreased their target price on CVS Health from $75.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upgraded shares of CVS Health from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised shares of CVS Health from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $66.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.12.

CVS Health Company Profile

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.