Kentucky Retirement Systems Insurance Trust Fund Buys 4,904 Shares of CVS Health Co. (NYSE:CVS)

Kentucky Retirement Systems Insurance Trust Fund raised its stake in CVS Health Co. (NYSE:CVS) by 13.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 42,150 shares of the pharmacy operator’s stock after purchasing an additional 4,904 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CVS Health were worth $1,892,000 at the end of the most recent reporting period.

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

CVS Health Trading Down 0.5 %

NYSE:CVS opened at $65.47 on Wednesday. The company has a 50-day moving average price of $51.51 and a 200-day moving average price of $56.07. CVS Health Co. has a 12 month low of $43.56 and a 12 month high of $80.75. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.80. The stock has a market cap of $82.39 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.60 and a beta of 0.61.

CVS Health (NYSE:CVS) last posted its earnings results on Wednesday, February 12th. The pharmacy operator reported $1.19 EPS for the quarter, topping the consensus estimate of $0.89 by $0.30. CVS Health had a net margin of 1.36% and a return on equity of 10.72%. Equities analysts predict that CVS Health Co. will post 5.14 EPS for the current year.

CVS Health Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 23rd were paid a $0.665 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $2.66 annualized dividend and a dividend yield of 4.06%. CVS Health’s payout ratio is 67.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of CVS Health from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of CVS Health from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, December 3rd. TD Cowen upped their price objective on shares of CVS Health from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald raised shares of CVS Health from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 12th. Finally, Barclays increased their price target on shares of CVS Health from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.00.

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.