CVS Health Co. (NYSE:CVS) Shares Bought by Mather Group LLC.

Mather Group LLC. lifted its position in shares of CVS Health Co. (NYSE:CVS) by 43.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,588 shares of the pharmacy operator’s stock after purchasing an additional 3,512 shares during the period. Mather Group LLC.’s holdings in CVS Health were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVS. Wedmont Private Capital raised its stake in CVS Health by 0.8% during the 1st quarter. Wedmont Private Capital now owns 19,225 shares of the pharmacy operator’s stock valued at $1,410,000 after acquiring an additional 146 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in CVS Health by 4.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 3,605 shares of the pharmacy operator’s stock valued at $285,000 after buying an additional 150 shares during the period. Bank of Stockton raised its position in CVS Health by 4.5% during the 1st quarter. Bank of Stockton now owns 3,467 shares of the pharmacy operator’s stock worth $277,000 after buying an additional 150 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of CVS Health by 0.7% in the first quarter. Moody National Bank Trust Division now owns 22,268 shares of the pharmacy operator’s stock valued at $1,776,000 after acquiring an additional 150 shares in the last quarter. Finally, Landmark Financial Advisors LLC increased its stake in shares of CVS Health by 3.8% during the fourth quarter. Landmark Financial Advisors LLC now owns 4,166 shares of the pharmacy operator’s stock worth $329,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 80.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $66.00 price objective (down previously from $90.00) on shares of CVS Health in a report on Thursday, May 2nd. Bank of America cut their target price on shares of CVS Health from $95.00 to $77.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. UBS Group downgraded shares of CVS Health from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $85.00 to $60.00 in a report on Thursday, May 2nd. TD Cowen lowered CVS Health from a “buy” rating to a “hold” rating and dropped their target price for the company from $99.00 to $59.00 in a research note on Tuesday, May 7th. Finally, Wells Fargo & Company lowered their target price on shares of CVS Health from $76.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, May 7th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.55.

CVS Health Trading Down 0.8 %

Shares of NYSE:CVS traded down $0.46 during mid-day trading on Wednesday, hitting $57.88. The stock had a trading volume of 6,852,218 shares, compared to its average volume of 11,512,337. The company’s 50 day moving average is $59.41 and its 200-day moving average is $66.50. CVS Health Co. has a 12-month low of $52.77 and a 12-month high of $83.25. The company has a market cap of $72.66 billion, a PE ratio of 10.17, a P/E/G ratio of 0.57 and a beta of 0.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.61 and a current ratio of 0.81.

CVS Health Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 22nd were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend was Monday, July 22nd. CVS Health’s dividend payout ratio (DPR) is 46.75%.

CVS Health 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.