CVS Health Co. (NYSE:CVS) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its holdings in CVS Health Co. (NYSE:CVS) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 77,547 shares of the pharmacy operator’s stock after selling 1,500 shares during the period. Hartford Investment Management Co.’s holdings in CVS Health were worth $3,481,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of CVS Health during the third quarter valued at $25,000. Ridgewood Investments LLC raised its position in shares of CVS Health by 255.7% in the fourth quarter. Ridgewood Investments LLC now owns 626 shares of the pharmacy operator’s stock valued at $28,000 after buying an additional 450 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of CVS Health during the fourth quarter valued at approximately $28,000. Livelsberger Financial Advisory acquired a new stake in CVS Health during the third quarter worth approximately $31,000. Finally, Legacy Investment Solutions LLC acquired a new position in CVS Health in the 3rd quarter valued at $31,000. 80.66% of the stock is owned by hedge funds and other institutional investors.

CVS Health Stock Up 15.0 %

Shares of NYSE CVS opened at $63.23 on Thursday. The firm has a market cap of $79.57 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.60 and a beta of 0.61. CVS Health Co. has a 1 year low of $43.56 and a 1 year high of $80.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.59 and a current ratio of 0.80. The stock’s 50-day simple moving average is $50.61 and its 200-day simple moving average is $55.92.

CVS Health (NYSE:CVS) last announced its earnings results on Wednesday, February 12th. The pharmacy operator reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.30. CVS Health had a return on equity of 10.72% and a net margin of 1.36%. As a group, equities analysts anticipate that CVS Health Co. will post 5.14 earnings per share for the current fiscal year.

CVS Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, January 23rd. CVS Health’s dividend payout ratio is currently 67.51%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CVS. Leerink Partners raised their price target on CVS Health from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday. TD Cowen upped their price target on shares of CVS Health from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. UBS Group cut their target price on CVS Health from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wolfe Research lifted their price objective on CVS Health from 67.00 to 70.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Cantor Fitzgerald raised shares of CVS Health from a “neutral” rating to an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, CVS Health presently has an average rating of “Moderate Buy” and a consensus price target of $67.78.

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.