CVS Health Beats Projections in Second Quarter

Pharmacist and smiling customer in the aisle of a CVS drugstore

Pharmacist and smiling customer in the aisle of a CVS drugstore

The Missouri-based Paradigm Advsrs Ltd Llc has invested 1.24% in CVS Health Corporation (NYSE:CVS). Robert W. Baird maintained the stock with "Buy" rating in Monday, March 4 report. CVS Health had a return on equity of 16.92% and a net margin of 1.91%.

A number of other large investors have also bought and sold shares of the stock. (CVS has approximately 9,900 locations.) At the same time, the company will continue to remodel stores to its new, health-focused store "HealthHub" format. Mosaic Family Wealth LLC now owns 3,247 shares of the pharmacy operator's stock valued at $213,000 after buying an additional 225 shares during the last quarter. Northern Trust Corp increased its holdings in shares of CVS Health by 24.6% in the fourth quarter. Lathrop Investment Management Corp now owns 156,960 shares of the pharmacy operator's stock valued at $8,553,000 after purchasing an additional 6,249 shares in the last quarter. Finally, Horan Capital Advisors LLC. increased its holdings in shares of CVS Health by 48.4% in the 2nd quarter. Moors & Cabot Inc. grew its holdings in shares of CVS Health by 16.4% in the 2nd quarter. Drexel Morgan & Co. lifted its stake in shares of CVS Health by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,790,753 shares of the pharmacy operator's stock worth $903,574,000 after buying an additional 3,041,266 shares during the period.

NYSE:CVS opened at $59.29 on Friday.

FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. The firm has a market cap of $75.50 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.29 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.64 and a current ratio of 0.95. The business's 50 day moving average is $55.41.

That translated to adjusted earnings per share of $1.89, which was 20 cents higher than the $1.69 reported a year prior and 17 cents above the high end of the company's guidance, according to a presentation released with the Q2 numbers.

Net sales reached $63.43 billion, up 35% from the year ago-quarter's $46.92 billion, largely because of the Aetna health insurance business CVS acquired.

Revenue in the pharmacy services segment increased to $34.84 billion from $33.43 billion a year before, with the gain attributed to inflation in brand-name drug prices and volume in total pharmacy claims. During the same period in the prior year, the company posted $1.69 EPS. On average, research analysts expect that CVS Health Corp will post 6.95 earnings per share for the current fiscal year. Madison Inv Hldgs invested in 0.09% or 94,685 shares. The ex-dividend date was Wednesday, July 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.49%.

Several brokerages recently weighed in on CVS. BMO Capital Markets set a $63.00 price objective on CVS Health and gave the stock a "hold" rating in a report on Friday, May 3rd. The health Company will look to carry this momentum through the rest of the year.

Among 17 analysts covering CVS Health (NYSE:CVS), 15 have Buy rating, 0 Sell and 2 Hold. The stock presently has a consensus rating of Buy and a consensus target price of $75.14. Before the deal, the benefits group consisted only of its Medicare prescription-drug plan.

Notícias recomendadas

  • Paramount Developing GI Joe Movie From Mission: Impossible Writers

    Paramount Developing GI Joe Movie From Mission: Impossible Writers

    One of the characters in the now untitled project is said to be Chuckles, who has not appeared in the previous Joe movies. Joe film, in addition to the already-announced Snake Eyes movie from The Time Traveler's Wife director Robert Schwentke .
    Barcelona midfielder Coutinho step away from Spurs move

    Barcelona midfielder Coutinho step away from Spurs move

    Tottenham boss Mauricio Pochettino phoned Coutinho in an effort to convince him to return to England, Sky Sports News understands. The Brazilian's 18-month spell with the Catalan giants has proven unsuccessful since an £142million switch from Liverpool .
    Democratic hopeful Warren outlines $85 billion rural broadband plan

    Democratic hopeful Warren outlines $85 billion rural broadband plan

    Those member-owned cooperatives were first established during Franklin Roosevelt's New Deal, to build out electric and telephone service in rural areas.
  • Chase Bank tells Canadian customers that it's canceling their debt

    Chase Bank tells Canadian customers that it's canceling their debt

    Turner said he still owed more than $4,500 on his card. "I'm honestly still so. flabbergasted about it", he said. USA Today and the Canadian Broadcasting Corp . talked to some of those surprised customers.
    New Zealand urges 'increased caution' for visitors in Hong Kong

    New Zealand urges 'increased caution' for visitors in Hong Kong

    Mong Kok is an extremely crowded part of Hong Kong that often becomes the scene of rowdy behavior during times of public protest. That is not how a responsible nation would behave ", she told a briefing.

    Curiosity found on Mars rock-"pie"

    NASA's Curiosity rover is back at it again with another Mars discovery that could prove the existence of water on the Red Planet. NASA added that scientists are wondering what caused the discrepancy between the MRO and Curiosity's findings.
  • New England Patriots: 6 players who impressed in preseason debut

    New England Patriots: 6 players who impressed in preseason debut

    Kearse spent his first five National Football League seasons with the Seahawks before he joined NY in 2017. The New England Patriots kicked off the preseason and they kicked it off with a bang.
    Sri Lanka fans throw birthday party for Kane Williamson on field

    Sri Lanka fans throw birthday party for Kane Williamson on field

    SL Board president's XI finished the day on 323/8 and Williamson took a catch on a day that the kiwis spent all day fielding.
    Second explosion in Danish capital damages police station

    Second explosion in Danish capital damages police station

    Skov said Saturday's blast was also a deliberate act, but it was too early to say whether the two blasts were connected. Danish police technicians work outside a local police station, following an explosion in Copenhagen, Denmark.
  • Call of Duty Modern Warfare Developer Says the Game Isn’t Political

    Developers have insisted over the years that their games aren't political , despite them obviously being political in most cases. Minkoff then said that the story could be set in 1980s Afghanistan and "you'd have the same story".

    Police Launch Search For Missing British YouTuber Marina Joyce

    Anyone with information is asked to call police in the North Area Command Unit on 101 and quote ref: "19MIS031063". Police in the London Borough of Haringey tweeted a photo of Joyce and asked the public to help find her.
    Jermaine Jenas gives us his predictions for the new season

    Jermaine Jenas gives us his predictions for the new season

    Coutinho became a superstar at Liverpool and his return would have been a massive hit with many supporters. The first game of the season is always hard . these games are always potential banana skins.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.