Savant Capital LLC Purchases 18,507 Shares of CVS Health Corporation $CVS

Savant Capital LLC lifted its position in shares of CVS Health Corporation (NYSE:CVS) by 33.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,762 shares of the pharmacy operator’s stock after buying an additional 18,507 shares during the period. Savant Capital LLC’s holdings in CVS Health were worth $5,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of CVS Health by 72.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 339 shares of the pharmacy operator’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Avion Wealth raised its position in CVS Health by 99.0% in the 2nd quarter. Avion Wealth now owns 380 shares of the pharmacy operator’s stock worth $26,000 after purchasing an additional 189 shares during the period. Corundum Trust Company INC bought a new stake in CVS Health in the third quarter worth $29,000. Harbor Asset Planning Inc. purchased a new stake in CVS Health during the second quarter valued at about $30,000. Finally, Front Row Advisors LLC grew its stake in shares of CVS Health by 436.5% during the second quarter. Front Row Advisors LLC now owns 456 shares of the pharmacy operator’s stock valued at $31,000 after buying an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

CVS Health Trading Up 1.4%

Shares of CVS opened at $76.30 on Friday. CVS Health Corporation has a 1-year low of $53.36 and a 1-year high of $85.15. The firm has a market capitalization of $96.86 billion, a price-to-earnings ratio of 200.79, a PEG ratio of 0.69 and a beta of 0.50. The firm’s 50-day moving average price is $78.65 and its 200-day moving average price is $75.43. The company has a current ratio of 0.83, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

CVS Health Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 22nd were given a $0.665 dividend. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a $2.66 annualized dividend and a dividend yield of 3.5%. CVS Health’s dividend payout ratio is currently 700.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CVS. Weiss Ratings restated a “hold (c-)” rating on shares of CVS Health in a report on Monday, December 29th. TD Cowen raised their target price on shares of CVS Health from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $91.00 price target on shares of CVS Health in a report on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of CVS Health in a research report on Thursday, December 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $101.00 price objective (up previously from $99.00) on shares of CVS Health in a research report on Wednesday, December 10th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.82.

CVS Health Profile

CVS Health Corporation is a diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services and health care solutions. Headquartered in Woonsocket, Rhode Island, the company traces its roots to the early 1960s and has grown into an integrated provider of prescription drugs, over‑the‑counter products, clinical services and health insurance offerings. Its operating model combines retail pharmacy locations and in‑store clinics with broader pharmacy and health plan capabilities.

Key business activities include CVS Pharmacy retail operations, MinuteClinic walk‑in medical clinics and HealthHUB locations that offer expanded clinical services.