Argus On CVS Health Corp (CVS)

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The Relative Volume of the company is 0.64 and Average Volume (3 months) is 7.75 million. CVS Health Corporation's revenue for the quarter was up 11.7% on a year-over-year basis. The company had a trading volume of 6,215,697 shares. The firm has a market capitalization of $84.30 billion, a price-to-earnings ratio of 16.18 and a beta of 0.85.

Now the company Insiders own 0.58% of CVS Health Corporation shares according to the proxy statements. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 0.82% where SMA50 and SMA200 are 0.15% and -9.71% respectively.

CVS Health Corporation (NYSE:CVS) last issued its quarterly earnings results on Thursday, February 9th. The company reported $1.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. BP PLC raised its position in CVS Health Corporation by 17.9% in the second quarter. CVS Health Corporation (CVS) now trades with a market capitalization of $83.74 Billion.

CVS Health's support for Breathe California affiliates is part of Be The First, the company's five-year, $50 million initiative to help deliver the first tobacco-free generation and extend the company's commitment to helping people lead tobacco-free lives. Over the trailing year, the stock is underperforming the S&P 500 by 22.18, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange.

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CVS Health Corporation (NYSE:CVS) went up 0.94% during trading on the United States exchange when it had traded 5.62M shares.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 2nd. Shareholders of record on Tuesday, January 24th were given a $0.50 dividend. The dividend yield based on the forward looking indicated annual dividend is 2.52%. The ex-dividend date of this dividend is Friday, January 20th. CVS Health Corporation (CVS) formally announced its most recent dividend on December 21, 2016 with a Dividend per share of $0.5.

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Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Management raised its stake in CVS Health Corporation by 3.8% in the third quarter. Boston Partners now owns 4,474,349 shares of the pharmacy operator's stock valued at $398,172,000 after buying an additional 1,456,835 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of CVS Health Corporation during the fourth quarter worth about $34,975,000. Canada Pension Plan Investment Board now owns 2,807,795 shares of the pharmacy operator's stock valued at $249,866,000 after buying an additional 1,415,802 shares during the period. CVS Health Corporation's payout ratio is presently 40.65%. Klingman & Associates LLC now owns 1,625 shares of the pharmacy operator's stock valued at $145,000 after buying an additional 350 shares during the period. Arcadia Investment Management Corp MI now owns 1,700 shares of the pharmacy operator's stock valued at $151,000 after buying an additional 95 shares during the period. Institutional investors own 81.29% of the company's stock.

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Several equities analysts have weighed in on CVS shares. CVS Health Corp was Downgraded by Robert W. Baird on Feb 2, 2017 to Neutral, Lowers Price Target to $ 77 from a previous price target of $86.CVS Health Corp was Downgraded by Jefferies to Hold on Dec 12, 2016. Finally, Mizuho boosted their price target on shares of CVS Health Corporation from $90.00 to $111.00 and gave the company a "buy" rating in a report on Wednesday, November 9th.

Price Target plays a critical role when it comes to the Analysis of a Stock.

CVS Health Corporation, formerly known as CVS Caremark Corporation, is headquartered in Woonsocket, Rhode Island.

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