Security National Bank of Sioux City Iowa IA raised its stake in CVS Health Corporation (NYSE:CVS) by 10.1% during the first quarter, Holdings Channel reports. The firm owned 16,578 shares of the pharmacy operator’s stock after buying an additional 1,515 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in CVS Health Corporation were worth $1,302,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mercer Capital Advisers Inc. acquired a new stake in shares of CVS Health Corporation during the first quarter valued at approximately $118,000. Orrstown Financial Services Inc. boosted its stake in shares of CVS Health Corporation by 2,000.0% in the first quarter. Orrstown Financial Services Inc. now owns 2,100 shares of the pharmacy operator’s stock valued at $165,000 after buying an additional 2,000 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of CVS Health Corporation by 48.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,256 shares of the pharmacy operator’s stock valued at $177,000 after buying an additional 734 shares during the period. Edmp Inc. acquired a new stake in shares of CVS Health Corporation during the first quarter valued at approximately $202,000. Finally, Pinnacle Bank acquired a new stake in shares of CVS Health Corporation during the first quarter valued at approximately $203,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

CVS Health Corporation (NYSE CVS) traded up 0.34% during mid-day trading on Friday, reaching $79.41. 2,985,502 shares of the company’s stock were exchanged. The company has a 50-day moving average of $78.83 and a 200-day moving average of $78.96. The stock has a market cap of $80.73 billion, a price-to-earnings ratio of 15.82 and a beta of 0.91. CVS Health Corporation has a 52-week low of $69.30 and a 52-week high of $98.44.

CVS Health Corporation (NYSE:CVS) last posted its quarterly earnings data on Tuesday, August 8th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. CVS Health Corporation had a net margin of 2.93% and a return on equity of 17.47%. The business had revenue of $45.69 billion during the quarter, compared to the consensus estimate of $45.36 billion. During the same quarter last year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that CVS Health Corporation will post $5.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Monday, July 24th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 20th. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. CVS Health Corporation’s payout ratio is 39.92%.

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Several brokerages have commented on CVS. BidaskClub raised shares of CVS Health Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $82.00 price target on shares of CVS Health Corporation in a research report on Friday, June 9th. ValuEngine cut shares of CVS Health Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Vetr raised shares of CVS Health Corporation from a “buy” rating to a “strong-buy” rating and set a $88.97 price target on the stock in a research report on Tuesday, June 6th. Finally, Cowen and Company reissued an “outperform” rating and set a $86.00 price target on shares of CVS Health Corporation in a research report on Tuesday, June 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $91.27.

In other news, CFO David M. Denton sold 230,510 shares of CVS Health Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $80.00, for a total value of $18,440,800.00. Following the completion of the transaction, the chief financial officer now owns 176,983 shares in the company, valued at $14,158,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Helena Foulkes sold 20,332 shares of CVS Health Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $76.98, for a total transaction of $1,565,157.36. Following the completion of the transaction, the executive vice president now owns 59,300 shares of the company’s stock, valued at approximately $4,564,914. The disclosure for this sale can be found here. Insiders sold 271,175 shares of company stock valued at $21,632,597 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

About CVS Health Corporation

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. The Company provides pharmacy care for the senior community through Omnicare, Inc (Omnicare) and Omnicare’s long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings.

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

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