Windward Capital Management Co Ca Lowers stake in CVS Health Corp (CVS)

CVS Health Corp (CVS) : Windward Capital Management Co Ca reduced its stake in CVS Health Corp by 0.52% during the most recent quarter end. The investment management company now holds a total of 377,456 shares of CVS Health Corp which is valued at $33,518,093 after selling 1,969 shares in CVS Health Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.CVS Health Corp makes up approximately 6.32% of Windward Capital Management Co Ca’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in CVS by selling 7,719 shares or 37.94% in the most recent quarter. The Hedge Fund company now holds 12,628 shares of CVS which is valued at $1,121,366. CVS Health Corp makes up approx 0.16% of Stock Yards Bank Trust Co’s portfolio.Msi Financial Services Inc reduced its stake in CVS by selling 4,032 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 42,079 shares of CVS which is valued at $3,702,952. CVS Health Corp makes up approx 0.13% of Msi Financial Services Inc’s portfolio.Oakwood Capital Managementca boosted its stake in CVS in the latest quarter, The investment management firm added 128 additional shares and now holds a total of 56,940 shares of CVS Health Corp which is valued at $4,919,616. CVS Health Corp makes up approx 1.28% of Oakwood Capital Managementca’s portfolio.Pensionfund Dsm Netherlands boosted its stake in CVS in the latest quarter, The investment management firm added 6,700 additional shares and now holds a total of 70,600 shares of CVS Health Corp which is valued at $6,099,840. CVS Health Corp makes up approx 0.84% of Pensionfund Dsm Netherlands’s portfolio.Raymond James Trust N.a. reduced its stake in CVS by selling 1,715 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 97,084 shares of CVS which is valued at $8,429,804. CVS Health Corp makes up approx 0.73% of Raymond James Trust N.a.’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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