CVS Health: 4Q Earnings Snapshot

CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell

CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell

For more CVS Health Corporation (NYSE:CVS) news posted recently go to: Seekingalpha.com, Seekingalpha.com, Investorplace.com, Streetinsider.com or Seekingalpha.com.

A number of other large investors also recently made changes to their positions in CVS. Merlo added that CVS expects to spend $550 million in 2019 on Aetna integration-related costs.

Watch CVS Health trade live. The stock has dropped almost 3 per cent in the last 12 months.

CVS Health reports mixed fourth-quarter results. Capital International Investors grew its stake in CVS Health by 5,579.8% during the 3rd quarter.

The company's adjusted EPS guidance for 2019 is set between $6.68 and $6.88 per share, down from the guidance included in Q3 which ranged between $6.98 to $7.08 per share.

The stake In Cvs Health Corp (CVS) was rose owned by Freestone Capital Holdings Llc. Manchester Cap Mgmt Limited Liability Company owns 4,970 shares for 0.06% of their portfolio. Tigress Financial reiterated a "buy" rating on shares of CVS Health in a research note on Friday, October 26th.

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However, for 2019, CVS Health is not anticipating any significant financial upside from the Aetna deal, as the company will have to invest significantly on the integration.

In coming together, the two companies painted a picture of how they could create convenient, community-based care anchored in CVS locations and supported by Aetna benefits packages. On Wednesday, November 28 J.P. Morgan maintained the shares of CVS in report with "Buy" rating. CVS Health now has a consensus rating of "Buy" and a consensus target price of $91.79. The stock was sold at an average price of $80.13, for a total transaction of $2,015,990.67. Following the sale, the insider now directly owns 496,577 shares of the company's stock, valued at $34,283,676.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The shares were sold at an average price of $69.04, for a total transaction of $11,486,046.72. The disclosure for this sale can be found here.

Shares tumbled almost 9 percent before the opening bell Wednesday. CVS Health Corp has a 52 week low of $60.14 and a 52 week high of $82.15. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.44 and a quick ratio of 1.94. This forecast contributed to CVS Health's share price dropping 8% on Wednesday, to its lowest point since November 2016, according to CNBC.

Sales in the front end, including general merchandise, helped CVS Health Corp. revenues gain in the fourth quarter as adjusted earnings beat analyst expectations. Revenue of $54.4 billion was up from $48.4 billion previous year but missed the $54.6 billion FactSet expectation. The company's revenue was up 12.5% compared to the same quarter past year. "ORCRP000343-topic.html" class="local_link" >Aetna past year was the right move for the health-care giant. South Dakota Invest Council holds 0.21% or 121,075 shares in its portfolio. The ex-dividend date of this dividend was Thursday, January 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.88%. 76 investors sold all, 459 reduced holdings as CVS ratio improved.

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