National Pension Service buys $58,447,894 stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : National Pension Service scooped up 53,245 additional shares in CVS Health Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 658,197 shares of CVS Health Corp which is valued at $58,447,894.CVS Health Corp makes up approximately 0.48% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Legacy Private Trust reduced its stake in CVS by selling 15,022 shares or 38.07% in the most recent quarter. The Hedge Fund company now holds 24,434 shares of CVS which is valued at $2,111,098. CVS Health Corp makes up approx 0.29% of Legacy Private Trust’s portfolio.Pensionfund Sabic boosted its stake in CVS in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 32,000 shares of CVS Health Corp which is valued at $2,764,800. CVS Health Corp makes up approx 0.86% of Pensionfund Sabic’s portfolio.British Columbia Investment Management Corp reduced its stake in CVS by selling 93,125 shares or 18.37% in the most recent quarter. The Hedge Fund company now holds 413,882 shares of CVS which is valued at $35,759,405. CVS Health Corp makes up approx 0.37% of British Columbia Investment Management Corp’s portfolio.Cacti Asset Management boosted its stake in CVS in the latest quarter, The investment management firm added 16,400 additional shares and now holds a total of 348,775 shares of CVS Health Corp which is valued at $30,064,405. CVS Health Corp makes up approx 3.06% of Cacti Asset Management’s portfolio.

CVS Health Corp opened for trading at $88.31 and hit $88.92 on the upside on Friday, eventually ending the session at $88.8, with a gain of 0.91% or 0.8 points. The heightened volatility saw the trading volume jump to 67,05,822 shares. Company has a market cap of $94,680 M.

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.

Investors should note that on Sep 22, 2016, CVS Health Corp announced a cash dividend of $0.4250. The company’s management has announced Oct 20, 2016 as the ex-dividend date and fixed the record date on Oct 24, 2016. The payable date has been fixed on Nov 3, 2016.

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 .

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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