CVS Health Lurches Lower on Earnings Results

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CVS Health runs more than 9,700 retail locations, including pharmacies in Target stores. So far this year, CVS Health's pharmacy benefits management (PBM) business has been the main source of good news for the company. The shares were sold at an average price of $79.61, for a total value of $7,186,155.87. Pacific Inv Management holds 0.11% of its portfolio in CVS Health Corp (NYSE:CVS) for 5,869 shares. Revenue rose to $46.18 billion from $44.62 billion, in line with the FactSet consensus of $46.17 billion. Leerink Swann reiterated an "outperform" rating and issued a $105.00 price objective (down from $110.00) on shares of CVS Health Corporation in a report on Sunday, October 2nd.

Analysts expect CVS Health Corp (NYSE:CVS) to report $1.49 EPS on November, 14.They anticipate $0.15 EPS change or 9.15% from last quarter's $1.64 EPS. The pharmacy operator reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.01. Mizuho set a $90.00 price target on shares of CVS Health Corporation and gave the stock a "buy" rating in a report on Tuesday, October 24th.

TRADEMARK VIOLATION WARNING: This news story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Following the transaction, the insider now directly owns 299,255 shares of the company's stock, valued at approximately $24,859,112.85. Keel Point LLC now owns 3,296 shares of the pharmacy operator's stock worth $259,000 after acquiring an additional 22 shares during the last quarter. UBS initiated the shares of CVS in report on Thursday, October 6 with "Buy" rating. Keefe Bruyette & Woods maintained the shares of AB in report on Friday, September 1 with "Buy" rating. The disclosure for this sale can be found here. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. Great Lakes Advisors Ltd Liability reported 1.64% of its portfolio in CVS Health Corp (NYSE:CVS).

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CVS Health Corporation (NYSE:CVS) gross margin percentage stands at 15.8% while its operating margin for the past trailing twelve month is 5.3 percent and its overall profit margin (ttm) is 2.9 Percent. The Stock has YTD (year to date) performance of -12.24 percent. The business's revenue was up 15.5% compared to the same quarter a year ago.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Chilton Capital Management LLC increased its stake in CVS Health Corporation by 2.2% in the first quarter. Holland Mgmt Ltd Liability Company has 1.87% invested in CVS Health Corp (NYSE:CVS). Robert W. Baird maintained CVS Health Corp (NYSE:CVS) on Friday, October 27 with "Hold" rating. The stock declined 2.74% or $1.9 reaching $67.35 on the news.

Revenues in CVS' pharmacy services segment (CVS is one of the largest USA pharmacy benefits managers) increased 8.1% to approximately $32.9 billion. CVS Health Corporation, formerly known as CVS Caremark Corporation, is headquartered in Woonsocket, Rhode Island. The Firm provides pharmacy care for the senior community through Omnicare, Inc. and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings.

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