Wilmington Savings Fund Society FSB Has $703,000 Stock Holdings in CVS Health Co. (NYSE:CVS)

Wilmington Savings Fund Society FSB lowered its position in CVS Health Co. (NYSE:CVS) by 52.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,652 shares of the pharmacy operator’s stock after selling 17,287 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CVS Health were worth $703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CVS. Hotchkis & Wiley Capital Management LLC raised its stake in shares of CVS Health by 34.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,897,034 shares of the pharmacy operator’s stock valued at $748,085,000 after buying an additional 3,071,613 shares in the last quarter. ARGA Investment Management LP raised its position in CVS Health by 7,567.7% in the fourth quarter. ARGA Investment Management LP now owns 2,402,901 shares of the pharmacy operator’s stock worth $107,866,000 after purchasing an additional 2,371,563 shares in the last quarter. State Street Corp boosted its holdings in CVS Health by 3.6% during the third quarter. State Street Corp now owns 56,527,909 shares of the pharmacy operator’s stock valued at $3,554,475,000 after purchasing an additional 1,989,066 shares in the last quarter. TOMS Capital Investment Management LP bought a new stake in shares of CVS Health in the 3rd quarter valued at approximately $121,987,000. Finally, Pathway Financial Advisers LLC raised its holdings in shares of CVS Health by 5,864.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,730,343 shares of the pharmacy operator’s stock worth $108,804,000 after buying an additional 1,701,331 shares in the last quarter. 80.66% of the stock is currently owned by institutional investors.

CVS Health Trading Up 0.4 %

NYSE CVS opened at $54.24 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.80. CVS Health Co. has a 12 month low of $43.56 and a 12 month high of $80.75. The company has a market capitalization of $68.26 billion, a PE ratio of 13.77, a P/E/G ratio of 0.60 and a beta of 0.61. The stock has a 50-day simple moving average of $50.79 and a 200 day simple moving average of $55.98.

CVS Health Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 23rd were given a $0.665 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $2.66 dividend on an annualized basis and a dividend yield of 4.90%. CVS Health’s dividend payout ratio is 67.51%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CVS shares. UBS Group upped their price target on CVS Health from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada dropped their target price on shares of CVS Health from $68.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. Mizuho decreased their price target on CVS Health from $73.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Truist Financial reduced their price target on shares of CVS Health from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Piper Sandler dropped their target price on shares of CVS Health from $72.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.12.

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.