CVS Caremark Corp (NYSE:CVS) Institutional Investors Sentiment Drops in Q3 2017

Marco Green
January 13, 2018

The institutional investor held 77,571 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.46 million, down from 638,671 at the end of the previous reported quarter. The stock increased 0.72% or $0.56 during the last trading session, reaching $78. About 2.83 million shares traded.

CVS Health Corporation (NYSE:CVS), with a trailing 12-month price-to-sales ratio of 0.43, is now among the bigger bargains in its industry. It has underperformed by 16.70% the S&P500. First PREMIER Bank grew its holdings in shares of CVS Health by 776.4% in the 2nd quarter. Generation Investment Management Llp who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $66.14B market cap company. During the same quarter past year, the firm earned $1.28 EPS. The company has a market capitalization of $79,970.00, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.38 and a beta of 0.90. Corporate insiders own 0.61% of the company's stock. PHH's SI was 2.17 million shares in January as released by FINRA.

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. It has underperformed by 10.29% the S&P500. First Personal Financial Services now owns 1,884 shares of the pharmacy operator's stock valued at $168,000 after buying an additional 100 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in CVS Health by 8.4% in the 2nd quarter. Out of 25 Wall Street analysts rating CVS Health, 18 give it "Buy", 0 "Sell" rating, while 7 recommend "Hold". Weingarten Realty Investors had 19 analyst reports since August 14, 2015 according to SRatingsIntel. S&P Research maintained CVS Health Corporation (NYSE:CVS) on Monday, November 2 with "Strong Buy" rating. On Monday, February 6 the stock rating was downgraded by Atlantic Securities to "Neutral". The company was maintained on Tuesday, November 21 by Leerink Swann. The firm earned " rating on Friday, August 14 by Citigroup.

Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. Deutsche Bank maintained it with "Hold" rating and $117 target in Wednesday, July 22 report. The firm earned "Buy" rating on Thursday, January 4 by SunTrust. On Monday, July 31 the stock rating was maintained by Boenning & Scattergood with "Sell". The stock has "Sell" rating by Goldman Sachs on Wednesday, October 28. During the key period of last 5 years, CVS Health Corporation (NYSE:CVS) sales have annually surged 10.60% on average, however its earnings per share growth remained at 13.60%. The pharmacy operator reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01.

Investors sentiment decreased to 1.46 in Q3 2017. Its down 0.38, from 1.23 in 2017Q2.

In other CVS Health news, EVP Lisa Bisaccia sold 29,445 shares of the stock in a transaction dated Thursday, December 21st. 52 funds opened positions while 125 raised stakes. New Mountain Vantage Advisers reported 508,424 shares. Kennedy Capital Management Inc acquired 11,876 shares as Five Below Inc (FIVE)'s stock rose 32.44%. Armstrong Shaw Associates Ct owns 38,715 shares. Atlanta Cap Mngmt L L C has 159,290 shares for 0.07% of their portfolio. Stearns Fincl Serv Grp holds 0.2% or 9,837 shares. Indexiq Advsrs Ltd holds 0.04% or 68,085 shares in its portfolio. (NYSE:MBI). Moreover, California Employees Retirement Sys has 0.01% invested in MBIA Inc. Investors of record on Tuesday, January 24th were issued a $0.50 dividend. Stifel holds 17,632 shares or 0% of its portfolio. Strs Ohio stated it has 151,068 shares. Legal And General Gru Public Ltd Liability Corporation invested in 0.02% or 831,750 shares. New Mexico Educational Retirement Board has invested 0.03% of its portfolio in Weingarten Realty Investors (NYSE:WRI). Loop Capital decreased their price objective on shares of CVS Health from $83.00 to $73.00 and set a "hold" rating on the stock in a report on Tuesday, November 7th. Therefore 25% are positive. Jefferies maintained the shares of CVS in report on Wednesday, August 16 with "Hold" rating. The rating was reinitiated by Barclays Capital on Thursday, March 10 with "Overweight". Altavista Wealth has invested 1.13% in CVS Health Corporation (NYSE:CVS). One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Oppenheimer maintained the shares of CVS in report on Thursday, December 17 with "Outperform" rating. The stock has "Outperform" rating by Robert W. Baird on Friday, January 22. Pioneer Trust Bank N A OR raised its stake in shares of CVS Health Corporation by 0.8% in the third quarter. About 344,423 shares traded. It also increased its holding in Ja Solar Holdings Co Ltd (NASDAQ:JASO) by 52,636 shares in the quarter, for a total of 79,809 shares, and has risen its stake in Spectrum Pharmaceuticals Inc (NASDAQ:SPPI).

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