LVW Advisors LLC Has $225,000 Stock Position in CVS Health Co. (NYSE:CVS)

LVW Advisors LLC boosted its stake in CVS Health Co. (NYSE:CVS) by 26.3% in the fourth quarter, HoldingsChannel reports. The firm owned 5,010 shares of the pharmacy operator’s stock after acquiring an additional 1,042 shares during the period. LVW Advisors LLC’s holdings in CVS Health were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in CVS Health during the 3rd quarter worth approximately $25,000. Ridgewood Investments LLC boosted its position in shares of CVS Health by 255.7% during the fourth quarter. Ridgewood Investments LLC now owns 626 shares of the pharmacy operator’s stock worth $28,000 after purchasing an additional 450 shares in the last quarter. Livelsberger Financial Advisory bought a new stake in shares of CVS Health in the 3rd quarter valued at $31,000. Legacy Investment Solutions LLC bought a new position in CVS Health during the third quarter worth about $31,000. Finally, Reston Wealth Management LLC acquired a new position in CVS Health in the third quarter valued at about $32,000. Institutional investors own 80.66% of the company’s stock.

CVS Health Stock Up 1.0 %

CVS stock opened at $53.14 on Wednesday. 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 business’s 50 day simple moving average is $51.27 and its 200 day simple moving average is $56.29. CVS Health Co. has a 1-year low of $43.56 and a 1-year high of $80.75. The firm has a market capitalization of $66.87 billion, a PE ratio of 13.49, a PEG ratio of 0.79 and a beta of 0.59.

CVS Health (NYSE:CVS) last posted its earnings results on Wednesday, November 6th. The pharmacy operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. CVS Health had a net margin of 1.36% and a return on equity of 10.72%. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $92.72 billion. During the same quarter last year, the company posted $2.21 EPS. CVS Health’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that CVS Health Co. will post 5.22 EPS for the current year.

CVS Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a dividend of $0.665 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.66 dividend on an annualized basis and a dividend yield of 5.01%. CVS Health’s dividend payout ratio (DPR) is currently 67.51%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CVS. Wells Fargo & Company raised CVS Health from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $66.00 in a research note on Monday, November 18th. Royal Bank of Canada cut their price objective on shares of CVS Health from $68.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. StockNews.com cut CVS Health from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Mizuho cut their price target on CVS Health from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised CVS Health from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, CVS Health has an average rating of “Moderate Buy” and a consensus price target of $68.71.

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.