Benson Investment Management Company Inc. bought a new position in shares of CVS Health Corp (NYSE:CVS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 36,925 shares of the pharmacy operator’s stock, valued at approximately $2,677,000. CVS Health accounts for approximately 2.0% of Benson Investment Management Company Inc.’s holdings, making the stock its 21st biggest holding.
Other institutional investors also recently bought and sold shares of the company. Pathstone Family Office LLC lifted its holdings in shares of CVS Health by 341.0% during the 2nd quarter. Pathstone Family Office LLC now owns 1,270 shares of the pharmacy operator’s stock valued at $2,353,000 after purchasing an additional 982 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of CVS Health by 330.3% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 1,291 shares of the pharmacy operator’s stock valued at $105,000 after purchasing an additional 991 shares in the last quarter. Fieldpoint Private Securities LLC lifted its holdings in shares of CVS Health by 333.3% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,300 shares of the pharmacy operator’s stock valued at $105,000 after purchasing an additional 1,000 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of CVS Health by 119.6% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 1,333 shares of the pharmacy operator’s stock valued at $108,000 after purchasing an additional 726 shares in the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in shares of CVS Health during the 2nd quarter valued at about $119,000. Institutional investors own 83.23% of the company’s stock.
In other news, EVP Lisa Bisaccia sold 29,445 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,208,375.00. Following the sale, the executive vice president now owns 15,556 shares in the company, valued at approximately $1,166,700. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.
Shares of CVS Health Corp (NYSE:CVS) opened at $71.90 on Tuesday. CVS Health Corp has a 12 month low of $66.45 and a 12 month high of $84.00. The stock has a market capitalization of $72,830.00, a P/E ratio of 11.11, a PEG ratio of 1.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.52 and a current ratio of 1.02.
CVS Health (NYSE:CVS) last announced its quarterly earnings data on Thursday, February 8th. The pharmacy operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.04. CVS Health had a return on equity of 17.21% and a net margin of 3.58%. The company had revenue of $48.39 billion for the quarter, compared to analysts’ expectations of $47.54 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. research analysts forecast that CVS Health Corp will post 6.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Wednesday, January 24th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Tuesday, January 23rd. CVS Health’s dividend payout ratio is currently 30.91%.
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About CVS Health
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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