CVS pledges to reinvest much of its tax savings, shares fall

A CVS Pharmacy store is seen in the Manhattan borough of New York City New York U.S

Citizens & Northern Corp trimmed its stake in shares of CVS Health Corp (NYSE:CVS) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission.

Garde Capital Inc, which manages about $500.62M and $509.52 million US Long portfolio, decreased its stake in Ishares Tips Bond Etf (TIP) by 10,300 shares to 56,939 shares, valued at $6.47 million in 2017Q3, according to the filing. The institutional investor held 198,535 shares of the consumer services company at the end of 2017Q3, valued at $17.52M, up from 19,700 at the end of the previous reported quarter. The stock decreased 3.48% or $1.6 during the last trading session, reaching $44.36. The stock was sold at an average price of $75.00, for a total value of $2,208,375.00. 8,215 were reported by Pinnacle Advisory Group Inc. Tiedemann Wealth Management LLC raised its holdings in shares of CVS Health by 8.7% during the third quarter. It has underperformed by 31.25% the S&P500. It also increased its holding in Stanley Black & Decker Inc. CVS Health's revenue for the quarter was up 3.5% on a year-over-year basis.

Among 12 analysts covering American Water Works (NYSE:AWK), 2 have Buy rating, 0 Sell and 10 Hold. Therefore 72% are positive. Finally, SunTrust Banks upped their price objective on shares of CVS Health to $90.00 and gave the company a "buy" rating in a research report on Friday, January 5th. On Wednesday, October 21 the stock rating was maintained by Citigroup with "Neutral". On Monday, July 17 the stock rating was maintained by Credit Suisse with "Outperform". Horan Capital Mgmt stated it has 1.98% in CVS Health Corporation (NYSE:CVS). (NYSE:V) on Thursday, October 26 with "Buy" rating. Robert W. Baird initiated CVS Health Corporation (NYSE:CVS) on Friday, January 22 with "Outperform" rating. The company was maintained on Friday, June 9 by Jefferies. The rating was maintained by Cowen & Co with "Hold" on Tuesday, January 16.

CVS Health Corporation (CVS) stock price fell -2.63 percent over the past one year, while decreased -5.37 percent during the past 6 months. Mizuho set a $95.00 price objective on CVS Health and gave the stock a "buy" rating in a research note on Wednesday, January 24th. BMO Capital Markets maintained Hess Corporation (NYSE:HES) on Friday, July 28 with "Hold" rating.

Since August 17, 2017, it had 0 insider purchases, and 3 sales for $7.43 million activity. 20,547 shares were sold by Moriarty Thomas M, worth $1.67M on Monday, October 2. $7.13M worth of CVS Health Corporation (NYSE:CVS) was sold by Roberts Jonathan C on Monday, September 18. Private Capital Management Llc bought 223,584 shares as the company's stock declined 7.72% while stock markets rallied. Vetr lowered CVS Health from a "hold" rating to a "sell" rating and set a $76.66 target price on the a research report on Tuesday, January 16th. Another trade for 241,150 shares valued at $20.03M was sold by MERLO LARRY J.

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Investors of record on Wednesday, January 24th were given a $0.50 dividend. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. It dropped, as 60 investors sold CVS shares while 571 reduced holdings.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The pharmacy operator reported $1.92 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.88 by $0.04. Thompson Davis & Com Inc has 92 shares. Arrow Fincl owns 24,842 shares or 0.48% of their USA portfolio. Pointstate Capital LP reported 0.39% in Visa Inc. COX HOWARD E JR also sold $1.21M worth of Stryker Corporation (NYSE:SYK) shares. Diversified Co holds 2,687 shares.

CVS Health Corporation (CVS) now has a Return on Assets (ROA) value of 5.4 Percent.

Susquehanna International Group Llp, which manages about $39.64B US Long portfolio, decreased its stake in Citigroup Global Mkts Hldgs by 197,768 shares to 98,190 shares, valued at $1.62M in 2017Q3, according to the filing. Mitsubishi Ufj Holdg Limited invested 0.04% of its portfolio in BlackRock, Inc. Burney has invested 0.55% of its portfolio in CVS Health Corporation (NYSE:CVS). Art Advsrs Ltd Liability Corp reported 0.01% in Zix Corporation (NASDAQ:ZIXI). Torray Ltd invested in 1.7% or 38,359 shares. Northern Trust Corp now owns 15,618,081 shares of the pharmacy operator's stock valued at $1,256,631,000 after acquiring an additional 807,639 shares in the last quarter.

Investors sentiment increased to 0.83 in Q3 2017. Its down 0.04, from 0.92 in 2017Q2. It worsened, as 43 investors sold HES shares while 162 reduced holdings. 46 funds opened positions while 186 raised stakes. 94,687 are owned by New Mexico Educational Retirement Board. New York-based Laurion Management Limited Partnership has invested 0.08% in CVS Health Corporation (NYSE:CVS). Winfield Assoc Incorporated invested in 7,482 shares or 0.19% of the stock. Community Bancorporation Na holds 0% in BlackRock, Inc. (NYSE:AWK). Cutter Brokerage accumulated 73,100 shares. Hutchinson Capital Ca owns 166,828 shares or 3.66% of their U.S. portfolio. Fisher Asset Management Limited Liability Corp holds 0.03% or 261,022 shares in its portfolio. Plante Moran Advisors Ltd Liability Corporation invested in 0.03% or 601 shares. (NYSE:AMG). 20,403 are owned by Amica Mutual Insur. State Of Tennessee Treasury Department invested 0% of its portfolio in SpartanNash Company (NASDAQ:SPTN). Us Bankshares De reported 1.59M shares. (NYSE:BLK). Barrett Asset Mgmt Limited Liability owns 2.17% invested in BlackRock, Inc. (NYSE:VZ) for 108,576 shares. Moreover, Guinness Asset Mngmt has 2.35% invested in Hess Corporation (NYSE:HES). The return on invested capital is at 9.9%, which is good, compared to its peers. On Monday, August 14 the stock rating was downgraded by Wolfe Research to "Peer Perform". Therefore 41% are positive. AmerisourceBergen had 67 analyst reports since July 27, 2015 according to SRatingsIntel. Sva Plumb Wealth Mngmt Ltd Llc stated it has 2,885 shares. The stock of Visa Inc. The rating was maintained by UBS with "Buy" on Monday, November 23.

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