Wednesday, 21 November, 2018

CVS to offer next-day delivery as Amazon considers entering market

Reuters Reuters
Nellie Chapman | 06 November, 2017, 21:52

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.56 and a current ratio of 1.09.

CVS Health did not comment on the deal in its Monday morning earnings report.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVS. Curbstone Finance Management Corp holds 0.5% or 10,423 shares. Moreover, Rbf Capital Ltd Co has 0.42% invested in CVS Health Corp (NYSE:CVS) for 40,000 shares. Eagle Asset Management Incorporated, Florida-based fund reported 23,971 shares. Tci Wealth Advsrs holds 0.83% or 20,100 shares in its portfolio. Andra AP fonden's holdings in CVS Health Corporation were worth $8,649,000 as of its most recent filing with the Securities and Exchange Commission. Traynor Capital Management Inc. boosted its holdings in CVS Health Corporation by 1.3% during the 2nd quarter. Argus Research maintained CVS Health Corp (NYSE:CVS) on Monday, August 10 with "Buy" rating. Boston Partners now owns 6,459,237 shares of the pharmacy operator's stock valued at $519,711,000 after purchasing an additional 2,638,888 shares during the last quarter. Private Cap Advsr has invested 0.23% of its portfolio in CVS Health Corp (NYSE:CVS). Oppenheimer maintained the shares of CVS in report on Friday, August 28 with "Outperform" rating. Gam Holdg Ag holds 0.65% in CVS Health Corp (NYSE:CVS) or 546,145 shares.

Since June 12, 2017, it had 0 buys, and 1 sale for $18.44 million activity. Sentry Select Capital Corp acquired 57,100 shares as Cvs Health Corp (CVS)'s stock declined 4.23%.

The speculation caused the shares of CVS and rival Walgreens to fall, as did pharmacy benefits manager company Express Scripts, a competitor of the CVS-owned PBM Caremark. About 5.80 million shares traded. AllianceBernstein Holding LP (NYSE:AB) has declined 7.46% since November 6, 2016 and is downtrending. It has underperformed by 41.10% the S&P500. They expect $1.49 EPS, down 9.15% or $0.15 from last year's $1.64 per share. CVS's profit would be $1.51 billion giving it 11.26 P/E if the $1.49 EPS is correct. Therefore 58% are positive. CVS Health has $132 highest and $74 lowest target. The stock has an average rating of "Buy" and a consensus price target of $87.33.

CVS has been the subject of several analyst reports. Canaccord Genuity maintained Intersect ENT Inc (NASDAQ:XENT) on Monday, August 17 with "Buy" rating. On Friday, September 15 the stock rating was maintained by Jefferies with "Hold". Citigroup maintained Altria Group Inc (NYSE:MO) on Monday, October 30 with "Buy" rating. The stock of AllianceBernstein Holding LP (NYSE:AB) earned "Market Perform" rating by Keefe Bruyette & Woods on Monday, October 12. The firm has "Buy" rating given on Thursday, October 6 by UBS. The firm has "Overweight" rating given on Friday, December 18 by Barclays Capital.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. St Johns Investment Mgmt Ltd has invested 0.84% in CVS Health Corp (NYSE:CVS).

Photo A CVS store in Manhattan.

As the pharmacy industry shifts, CVS revenues have declined in its retail locations. 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.

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company.