CVS Health Co. (NYSE:CVS) Stock Holdings Reduced by Community Trust & Investment Co.

Community Trust & Investment Co. cut its position in shares of CVS Health Co. (NYSE:CVS) by 10.4% in the fourth quarter, Holdings Channel reports. The firm owned 232,496 shares of the pharmacy operator’s stock after selling 26,961 shares during the period. Community Trust & Investment Co.’s holdings in CVS Health were worth $10,437,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CVS. MidAtlantic Capital Management Inc. acquired a new stake in CVS Health in the third quarter valued at approximately $25,000. Ridgewood Investments LLC raised its holdings in shares of CVS Health by 255.7% during the 4th quarter. Ridgewood Investments LLC now owns 626 shares of the pharmacy operator’s stock valued at $28,000 after purchasing an additional 450 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of CVS Health in the 3rd quarter valued at $31,000. Legacy Investment Solutions LLC bought a new stake in CVS Health in the third quarter worth $31,000. Finally, Reston Wealth Management LLC acquired a new position in CVS Health during the third quarter worth $32,000. Institutional investors own 80.66% of the company’s stock.

CVS Health Price Performance

Shares of CVS stock opened at $51.60 on Wednesday. The company has a market capitalization of $64.93 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.85 and a beta of 0.59. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.80. CVS Health Co. has a 12 month low of $43.56 and a 12 month high of $80.75. The stock has a 50 day moving average of $51.68 and a two-hundred day moving average of $56.44.

CVS Health (NYSE:CVS) last issued its earnings results on Wednesday, November 6th. The pharmacy operator reported $1.09 EPS for the quarter, topping the consensus estimate of $1.08 by $0.01. The firm had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $92.72 billion. CVS Health had a return on equity of 10.72% and a net margin of 1.36%. CVS Health’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $2.21 earnings per share. As a group, equities analysts expect that CVS Health Co. will post 5.32 EPS for the current year.

CVS Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 5.16%. The ex-dividend date is Thursday, January 23rd. CVS Health’s dividend payout ratio (DPR) is presently 67.51%.

Analyst Upgrades and Downgrades

CVS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised CVS Health from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday, December 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 target price on shares of CVS Health in a report on Tuesday, October 1st. StockNews.com downgraded CVS Health from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Royal Bank of Canada reduced their price objective on shares of CVS Health from $68.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Finally, Barclays lowered their target price on shares of CVS Health from $75.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.71.

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.