Cvs Health Corp (CVS) Holder Bank Of America Corp Decreased Its Holding

February 22, 2018 - By Dolores Ford

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.04, from 0.92 in 2017Q2. It fall, as 60 investors sold CVS shares while 571 reduced holdings. 88 funds opened positions while 466 raised stakes. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. Gotham Asset Management Ltd Liability holds 727,254 shares or 0.87% of its portfolio. Moreover, Oppenheimer Communication has 0.13% invested in CVS Health Corporation (NYSE:CVS) for 58,660 shares. Sei Investments stated it has 507,325 shares. Summit Asset Ltd Liability holds 0.21% or 5,172 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 66,059 shares. Farmers Bank & Trust holds 1,775 shares or 0.09% of its portfolio. Bnp Paribas Asset holds 0.42% in CVS Health Corporation (NYSE:CVS) or 604,462 shares. Carnegie Asset Mgmt Limited has 11,276 shares. At State Bank owns 22,559 shares. Nippon Life Ins Com reported 0.05% of its portfolio in CVS Health Corporation (NYSE:CVS). 1.99 million were accumulated by First Manhattan Co. Wms Partners Limited Liability invested in 0.09% or 9,617 shares. Meyer Handelman invested in 0.62% or 166,833 shares. South Dakota Invest Council invested in 312,016 shares or 0.51% of the stock. Punch And Associate Investment Mgmt holds 55,315 shares.

Since August 23, 2017, it had 0 insider purchases, and 5 sales for $38.09 million activity. Moriarty Thomas M sold 20,547 shares worth $1.67 million. $18.88M worth of CVS Health Corporation (NYSE:CVS) was sold by Denton David M. Another trade for 39,340 shares valued at $3.22M was made by Foulkes Helena on Friday, September 15. 241,150 shares were sold by MERLO LARRY J, worth $20.03 million.

Bank Of America Corp decreased its stake in Cvs Health Corp (CVS) by 1.63% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of America Corp sold 322,675 shares as the company’s stock declined 4.23% while stock markets rallied. The institutional investor held 19.43M shares of the medical and nursing services company at the end of 2017Q3, valued at $1.58B, down from 19.75 million at the end of the previous reported quarter. Bank Of America Corp who had been investing in Cvs Health Corp for a number of months, seems to be less bullish one the $69.40 billion market cap company. The stock decreased 0.51% or $0.35 during the last trading session, reaching $68.41. About 3.82M shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since February 22, 2017 and is downtrending. It has underperformed by 41.10% the S&P500.

Bank Of America Corp, which manages about $629.64 billion US Long portfolio, upped its stake in Goldman Sachs Etf Tr by 226,544 shares to 1.92M shares, valued at $95.82M in 2017Q3, according to the filing. It also increased its holding in Petroleo Brasileiro Sa Petro by 3.00 million shares in the quarter, for a total of 3.39M shares, and has risen its stake in Skyworks Solutions Inc (NASDAQ:SWKS).

Analysts await CVS Health Corporation (NYSE:CVS) to report earnings on May, 1. They expect $1.40 earnings per share, up 19.66 % or $0.23 from last year’s $1.17 per share. CVS’s profit will be $1.42B for 12.22 P/E if the $1.40 EPS becomes a reality. After $1.92 actual earnings per share reported by CVS Health Corporation for the previous quarter, Wall Street now forecasts -27.08 % negative EPS growth.

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: which released: “Sell for CVS Health (CVS) This Week” on February 22, 2018, also with their article: “CVS Health Corp. Q4 Income Rises” published on February 08, 2018, published: “CVS Health Corporation to Hold Fourth Quarter 2017 Conference Call” on January 29, 2018. More interesting news about CVS Health Corporation (NYSE:CVS) were released by: and their article: “Is Amazon The End Of This Retailer?” published on February 12, 2018 as well as‘s news article titled: “Tax Reform Lifts CVS Health Corporation in 4th Quarter, but Dents Its 2018 Outlook” with publication date: February 08, 2018.

CVS Health Corporation (NYSE:CVS) Ratings Coverage

Among 25 analysts covering CVS Health (NYSE:CVS), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. CVS Health had 72 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Peer Perform” rating on Monday, August 14 by Wolfe Research. S&P Research maintained the stock with “Strong Buy” rating in Monday, November 2 report. The stock has “Outperform” rating by Oppenheimer on Friday, August 28. RBC Capital Markets maintained CVS Health Corporation (NYSE:CVS) on Monday, December 4 with “Buy” rating. As per Tuesday, January 30, the company rating was upgraded by Needham. Deutsche Bank maintained the shares of CVS in report on Wednesday, July 22 with “Hold” rating. The company was maintained on Friday, October 27 by Robert W. Baird. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 20 report. Barclays Capital reinitiated the shares of CVS in report on Thursday, March 10 with “Overweight” rating. Argus Research maintained CVS Health Corporation (NYSE:CVS) on Monday, August 10 with “Buy” rating.

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