Cabot-wellington Exits Position in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Cabot-wellington has sold out all of its stake in CVS Health Corp during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 123,522 shares of CVS Health Corp which is valued at $11,981,634.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in CVS in the latest quarter, The investment management firm added 10,267 additional shares and now holds a total of 45,998 shares of CVS Health Corp which is valued at $4,470,086. CVS Health Corp makes up approx 0.18% of Private Advisor Group’s portfolio.Waverton Investment Management Ltd reduced its stake in CVS by selling 245 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 53,658 shares of CVS which is valued at $4,975,170. CVS Health Corp makes up approx 0.36% of Waverton Investment Management Ltd’s portfolio.Conning boosted its stake in CVS in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 50,375 shares of CVS Health Corp which is valued at $4,671,274. CVS Health Corp makes up approx 0.19% of Conning’s portfolio.Nikko Asset Management Americas boosted its stake in CVS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 8,600 shares of CVS Health Corp which is valued at $834,200. CVS Health Corp makes up approx 0.08% of Nikko Asset Management Americas’s portfolio.Iab Financial Bank boosted its stake in CVS in the latest quarter, The investment management firm added 1,910 additional shares and now holds a total of 37,967 shares of CVS Health Corp which is valued at $3,682,799. CVS Health Corp makes up approx 2.26% of Iab Financial Bank’s portfolio.

CVS Health Corp closed down -0.01 points or -0.01% at $97.55 with 31,07,154 shares getting traded on Wednesday. Post opening the session at $97.4, the shares hit an intraday low of $97.16 and an intraday high of $97.7209 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, CVS Health Corp reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.30. The company had revenue of $43725.00 million for the quarter, compared to analysts expectations of $44281.46 million. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on CVS Health Corp. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 111 from a previous price target of $108 .Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Hold”, Firm has raised the Price Target to $ 108 from a previous price target of $99 .Shares were Reiterated by Mizuho on Jun 23, 2016 to “Buy” and Lowered the Price Target to $ 108 from a previous price target of $117 .

CVS Health Corporation together with its subsidiaries is a pharmacy company. The Company operates through three business segments: Pharmacy Services Retail Pharmacy and Corporate. The Pharmacy Services segment provides a range of pharmacy benefit management (PBM) services and operates under the CVS/caremark Pharmacy Services Novologix and Navarro Health Services names. The Retail Pharmacy segment sells prescription drugs and an assortment of general merchandise including over-the-counter drugs beauty products and cosmetics personal care products convenience foods photo finishing seasonal merchandise and greeting cards through the Company’s retail stores online retail pharmacy Websites and retail healthcare clinics. The Corporate segment provides management and administrative services to support the overall operations of the Company. The Company through its wholly owned subsidiary Omnicare Inc. provides pharmacy services to long term care facilities.

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