Royal London Asset Management Ltd. Acquires 20,679 Shares of CVS Health Co. (NYSE:CVS)

Royal London Asset Management Ltd. raised its holdings in CVS Health Co. (NYSE:CVS - Free Report) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 520,107 shares of the pharmacy operator's stock after acquiring an additional 20,679 shares during the quarter. Royal London Asset Management Ltd.'s holdings in CVS Health were worth $32,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVS. MidAtlantic Capital Management Inc. bought a new position in shares of CVS Health during the third quarter worth $25,000. Livelsberger Financial Advisory bought a new position in shares of CVS Health during the third quarter worth $31,000. Reston Wealth Management LLC bought a new position in shares of CVS Health during the third quarter worth $32,000. Kathleen S. Wright Associates Inc. bought a new position in shares of CVS Health during the third quarter worth $33,000. Finally, First Community Trust NA boosted its position in shares of CVS Health by 116.2% during the second quarter. First Community Trust NA now owns 562 shares of the pharmacy operator's stock worth $33,000 after purchasing an additional 302 shares in the last quarter. 80.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CVS. Barclays reduced their price target on shares of CVS Health from $75.00 to $71.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. StockNews.com lowered shares of CVS Health from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Piper Sandler dropped their price objective on shares of CVS Health from $72.00 to $64.00 and set an "overweight" rating on the stock in a report on Monday, November 25th. UBS Group raised their price objective on shares of CVS Health from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price objective on shares of CVS Health from $68.00 to $58.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.50.

CVS Health Stock Performance

Shares of CVS traded down $1.59 during midday trading on Friday, reaching $55.27. The stock had a trading volume of 9,628,385 shares, compared to its average volume of 11,275,057. The firm has a 50 day simple moving average of $59.39 and a 200-day simple moving average of $58.79. CVS Health Co. has a one year low of $52.71 and a one year high of $83.25. The firm has a market cap of $69.55 billion, a PE ratio of 14.03, a P/E/G ratio of 1.01 and a beta of 0.54. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.80.

CVS Health (NYSE:CVS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The pharmacy operator reported $1.09 EPS for the quarter, topping the consensus estimate of $1.08 by $0.01. The business had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $92.72 billion. CVS Health had a net margin of 1.36% and a return on equity of 10.72%. CVS Health's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 EPS. As a group, sell-side analysts anticipate that CVS Health Co. will post 5.37 EPS for the current year.

CVS Health Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, October 21st. CVS Health's payout ratio is 67.51%.

About CVS Health

CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services.