XML Financial LLC Has $5.05 Million Holdings in CVS Health Co. (NYSE:CVS)

XML Financial LLC reduced its position in CVS Health Co. (NYSE:CVS) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 80,251 shares of the pharmacy operator’s stock after selling 4,113 shares during the quarter. XML Financial LLC’s holdings in CVS Health were worth $5,046,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Livelsberger Financial Advisory bought a new stake in shares of CVS Health during the third quarter worth about $31,000. Crewe Advisors LLC acquired a new position in CVS Health during the 1st quarter valued at about $40,000. Reston Wealth Management LLC bought a new stake in CVS Health during the 3rd quarter worth approximately $32,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of CVS Health in the third quarter worth approximately $33,000. Finally, First Community Trust NA boosted its position in shares of CVS Health by 116.2% during the second quarter. First Community Trust NA now owns 562 shares of the pharmacy operator’s stock valued at $33,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

CVS Health Trading Down 2.7 %

Shares of CVS Health stock opened at $55.54 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a market capitalization of $69.87 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.94 and a beta of 0.55. CVS Health Co. has a 52-week low of $52.77 and a 52-week high of $83.25. The stock’s 50-day simple moving average is $59.56 and its 200 day simple moving average is $59.19.

CVS Health (NYSE:CVS) last announced its quarterly earnings results on Wednesday, November 6th. The pharmacy operator reported $1.09 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $92.72 billion. During the same period in the prior year, the company posted $2.21 EPS. CVS Health’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that CVS Health Co. will post 6.18 EPS for the current year.

CVS Health Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were paid a dividend of $0.665 per share. The ex-dividend date was Monday, October 21st. This represents a $2.66 dividend on an annualized basis and a dividend yield of 4.79%. CVS Health’s payout ratio is 67.51%.

Analysts Set New Price Targets

A number of research firms recently commented on CVS. Wells Fargo & Company lowered their price target on CVS Health from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price target on shares of CVS Health in a report on Tuesday, October 1st. Evercore ISI upped their price objective on shares of CVS Health from $62.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. TD Cowen upgraded CVS Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $85.00 in a research note on Friday, October 4th. Finally, Mizuho decreased their price target 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. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, CVS Health presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.