Buckhead Capital Management LLC Has $7.49 Million Position in CVS Health Corp (NYSE:CVS)

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Buckhead Capital Management LLC boosted its position in CVS Health Corp (NYSE:CVS) by 49.8% in the 1st quarter, Holdings Channel reports. The firm owned 138,793 shares of the pharmacy operator’s stock after purchasing an additional 46,118 shares during the period. CVS Health makes up about 2.3% of Buckhead Capital Management LLC’s holdings, making the stock its 12th largest holding. Buckhead Capital Management LLC’s holdings in CVS Health were worth $7,485,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brookmont Capital Management increased its position in CVS Health by 3.0% during the 4th quarter. Brookmont Capital Management now owns 5,184 shares of the pharmacy operator’s stock worth $340,000 after purchasing an additional 152 shares in the last quarter. Clarus Wealth Advisors increased its position in CVS Health by 6.9% during the 4th quarter. Clarus Wealth Advisors now owns 2,456 shares of the pharmacy operator’s stock worth $161,000 after purchasing an additional 158 shares in the last quarter. First City Capital Management Inc. increased its position in CVS Health by 0.9% during the 4th quarter. First City Capital Management Inc. now owns 21,433 shares of the pharmacy operator’s stock worth $1,404,000 after purchasing an additional 181 shares in the last quarter. Boston Financial Mangement LLC increased its position in CVS Health by 0.4% during the 4th quarter. Boston Financial Mangement LLC now owns 42,340 shares of the pharmacy operator’s stock worth $2,774,000 after purchasing an additional 185 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in CVS Health by 3.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 5,128 shares of the pharmacy operator’s stock worth $277,000 after purchasing an additional 189 shares in the last quarter. 77.48% of the stock is owned by hedge funds and other institutional investors.

CVS has been the subject of a number of research analyst reports. ValuEngine downgraded shares of CVS Health from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. CIBC reissued a “market perform” rating on shares of CVS Health in a research report on Monday, April 15th. Oppenheimer downgraded shares of CVS Health from an “outperform” rating to a “market perform” rating in a research report on Monday, April 15th. Argus decreased their price target on CVS Health from $100.00 to $80.00 and set a “positive” rating for the company in a report on Monday, February 25th. Finally, SunTrust Banks decreased their price target on CVS Health to $85.00 and set a “buy” rating for the company in a report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CVS Health has a consensus rating of “Buy” and an average price target of $76.48.

NYSE CVS opened at $53.66 on Thursday. The company has a market capitalization of $70.11 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 1.09 and a beta of 0.89. CVS Health Corp has a fifty-two week low of $51.72 and a fifty-two week high of $82.15. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.95 and a quick ratio of 0.64.

CVS Health (NYSE:CVS) last released its earnings results on Wednesday, May 1st. The pharmacy operator reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.12. The company had revenue of $61.65 billion during the quarter, compared to analysts’ expectations of $60.39 billion. CVS Health had a positive return on equity of 16.80% and a negative net margin of 0.08%. The business’s revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. As a group, sell-side analysts forecast that CVS Health Corp will post 6.85 earnings per share for the current fiscal year.

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CVS Health Profile

CVS Health Corporation provides health services and plans in the United States. Its Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, Medicare Part D, clinical, disease management, and medical spend management services.

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Institutional Ownership by Quarter for CVS Health (NYSE:CVS)

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