Fox Run Management L.L.C. Acquires 1,800 Shares of CVS Health Corporation (CVS)

Fox Run Management L.L.C. lifted its holdings in shares of CVS Health Corporation (NYSE:CVS) by 40.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,300 shares of the pharmacy operator’s stock after purchasing an additional 1,800 shares during the quarter. Fox Run Management L.L.C.’s holdings in CVS Health Corporation were worth $507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Financial Group increased its holdings in shares of CVS Health Corporation by 8.0% during the second quarter. Beacon Financial Group now owns 62,775 shares of the pharmacy operator’s stock worth $5,039,000 after purchasing an additional 4,642 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of CVS Health Corporation by 2.9% during the second quarter. Xact Kapitalforvaltning AB now owns 186,297 shares of the pharmacy operator’s stock worth $14,989,000 after purchasing an additional 5,208 shares during the period. Catawba Capital Management VA increased its holdings in shares of CVS Health Corporation by 1.9% during the second quarter. Catawba Capital Management VA now owns 121,235 shares of the pharmacy operator’s stock worth $9,755,000 after purchasing an additional 2,302 shares during the period. Pioneer Trust Bank N A OR increased its holdings in shares of CVS Health Corporation by 12.0% during the second quarter. Pioneer Trust Bank N A OR now owns 17,350 shares of the pharmacy operator’s stock worth $1,396,000 after purchasing an additional 1,860 shares during the period. Finally, First PREMIER Bank increased its holdings in shares of CVS Health Corporation by 776.4% during the second quarter. First PREMIER Bank now owns 9,334 shares of the pharmacy operator’s stock worth $751,000 after purchasing an additional 8,269 shares during the period. 81.55% of the stock is currently owned by institutional investors.

CVS Health Corporation (CVS) traded up 0.64% during mid-day trading on Friday, hitting $83.17. 7,483,230 shares of the company’s stock were exchanged. The stock has a market cap of $84.55 billion, a PE ratio of 16.57 and a beta of 0.92. The stock’s 50 day moving average price is $78.92 and its 200-day moving average price is $78.97. CVS Health Corporation has a 12 month low of $69.30 and a 12 month high of $90.85.

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

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Several research analysts have recently commented on CVS shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 target price on shares of CVS Health Corporation in a report on Friday, June 9th. Vetr raised shares of CVS Health Corporation from a “buy” rating to a “strong-buy” rating and set a $87.97 target price on the stock in a report on Wednesday, May 24th. Cowen and Company reaffirmed an “outperform” rating and set a $86.00 target price on shares of CVS Health Corporation in a report on Tuesday, June 13th. ValuEngine cut shares of CVS Health Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Leerink Swann set a $90.00 target price on shares of CVS Health Corporation and gave the stock a “buy” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $90.35.

In other news, insider Larry J. Merlo sold 241,150 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $83.07, for a total value of $20,032,330.50. Following the transaction, the insider now owns 299,255 shares of the company’s stock, valued at approximately $24,859,112.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Helena Foulkes sold 20,332 shares of the stock in a transaction on 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 directly owns 59,300 shares in the company, valued at approximately $4,564,914. The disclosure for this sale can be found here. Insiders sold a total of 611,660 shares of company stock worth $49,492,596 in the last three months. Insiders own 0.61% of the company’s stock.

CVS Health Corporation Company Profile

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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