CVS Health Co. (NYSE:CVS) Shares Sold by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC decreased its position in shares of CVS Health Co. (NYSE:CVS) by 13.5% during the 4th quarter, HoldingsChannel reports. The fund owned 8,961 shares of the pharmacy operator’s stock after selling 1,398 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in CVS Health were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CVS. AMF Tjanstepension AB boosted its holdings in CVS Health by 124.1% in the third quarter. AMF Tjanstepension AB now owns 61,744 shares of the pharmacy operator’s stock valued at $3,882,000 after purchasing an additional 34,198 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of CVS Health by 61.9% during the third quarter. Exchange Traded Concepts LLC now owns 14,853 shares of the pharmacy operator’s stock worth $934,000 after purchasing an additional 5,679 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of CVS Health by 7.2% during the third quarter. Sound Income Strategies LLC now owns 2,397 shares of the pharmacy operator’s stock worth $151,000 after purchasing an additional 162 shares during the last quarter. Orca Investment Management LLC raised its position in CVS Health by 30.0% in the third quarter. Orca Investment Management LLC now owns 40,475 shares of the pharmacy operator’s stock worth $2,545,000 after acquiring an additional 9,341 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in CVS Health by 32.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,805 shares of the pharmacy operator’s stock worth $491,000 after buying an additional 1,914 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

CVS Health Stock Up 0.4 %

Shares of CVS opened at $54.24 on Tuesday. The stock has a market capitalization of $68.26 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.59 and a current ratio of 0.80. CVS Health Co. has a 52 week low of $43.56 and a 52 week high of $80.75. The stock has a fifty day moving average of $50.79 and a 200-day moving average of $55.98.

CVS Health Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.665 per share. The ex-dividend date was Thursday, January 23rd. This represents a $2.66 dividend on an annualized basis and a yield of 4.90%. CVS Health’s payout ratio is currently 67.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price objective on CVS Health from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Mizuho decreased their target price on CVS Health from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com lowered CVS Health from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Barclays reduced their price target on CVS Health from $75.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, Truist Financial dropped their price objective on CVS Health from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.12.

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.