CVS Health Co. (NYSE:CVS) Shares Acquired by Marcum Wealth LLC

Marcum Wealth LLC lifted its position in CVS Health Co. (NYSE:CVS) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,931 shares of the pharmacy operator’s stock after purchasing an additional 1,033 shares during the period. Marcum Wealth LLC’s holdings in CVS Health were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Riverpoint Wealth Management Holdings LLC acquired a new position in shares of CVS Health in the 4th quarter valued at $218,000. Canoe Financial LP lifted its stake in shares of CVS Health by 95.1% in the 4th quarter. Canoe Financial LP now owns 1,762,629 shares of the pharmacy operator’s stock valued at $139,177,000 after purchasing an additional 859,134 shares during the period. Meritage Portfolio Management lifted its stake in shares of CVS Health by 30.6% in the 4th quarter. Meritage Portfolio Management now owns 66,322 shares of the pharmacy operator’s stock valued at $5,237,000 after purchasing an additional 15,548 shares during the period. Steph & Co. lifted its stake in shares of CVS Health by 192.0% in the 1st quarter. Steph & Co. now owns 438 shares of the pharmacy operator’s stock valued at $35,000 after purchasing an additional 288 shares during the period. Finally, Forum Financial Management LP increased its holdings in CVS Health by 19.4% in the 4th quarter. Forum Financial Management LP now owns 17,856 shares of the pharmacy operator’s stock worth $1,410,000 after acquiring an additional 2,901 shares in the last quarter. 80.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CVS has been the subject of several recent analyst reports. TD Cowen lowered shares of CVS Health from a “buy” rating to a “hold” rating and cut their price target for the stock from $99.00 to $59.00 in a report on Tuesday, May 7th. Barclays cut their price target on shares of CVS Health from $78.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of CVS Health from $101.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Bank of America cut their price target on shares of CVS Health from $95.00 to $77.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Leerink Partnrs lowered shares of CVS Health from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, CVS Health has an average rating of “Moderate Buy” and an average target price of $74.55.

CVS Health Price Performance

CVS Health stock traded down $1.46 during midday trading on Monday, reaching $57.86. The company’s stock had a trading volume of 9,477,961 shares, compared to its average volume of 11,544,949. CVS Health Co. has a fifty-two week low of $52.77 and a fifty-two week high of $83.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.61 and a current ratio of 0.81. The stock’s 50 day simple moving average is $59.27 and its 200 day simple moving average is $66.72. The firm has a market capitalization of $72.64 billion, a PE ratio of 10.17, a P/E/G ratio of 0.57 and a beta of 0.52.

CVS Health Announces Dividend

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