Corient Private Wealth LP Grows Stock Holdings in CVS Health Corporation $CVS

Key Points

• Corient Private Wealth increased its CVS Health stake by 15.3% in the second quarter, bringing its holdings to 640,039 shares valued at approximately $66.2 million. Institutional investors collectively own 80.66% of the company.
• Analysts remain broadly bullish, with 22 Buy ratings and two Holds giving CVS a consensus “Moderate Buy” rating and an average price target of $107.17.
• CVS exceeded quarterly expectations, reporting $2.58 in adjusted EPS and $106.1 billion in revenue, while maintaining a $0.665 quarterly dividend, equivalent to a 2.9% yield.

Corient Private Wealth LP lifted its stake in shares of CVS Health Corporation (NYSE:CVS - Free Report) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 640,039 shares of the pharmacy operator's stock after acquiring an additional 85,171 shares during the quarter. Corient Private Wealth LP owned approximately 0.05% of CVS Health worth $66,212,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of CVS Health by 17.4% during the second quarter. Sei Investments Co. now owns 905,715 shares of the pharmacy operator's stock valued at $62,474,000 after buying an additional 134,535 shares during the period. The Manufacturers Life Insurance Company lifted its stake in CVS Health by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,121,377 shares of the pharmacy operator's stock worth $77,353,000 after acquiring an additional 13,329 shares during the period. Treasurer of the State of North Carolina increased its position in CVS Health by 1.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 585,073 shares of the pharmacy operator's stock valued at $40,358,000 after purchasing an additional 7,588 shares during the period. HUB Investment Partners LLC raised its holdings in shares of CVS Health by 25.0% in the 2nd quarter. HUB Investment Partners LLC now owns 15,063 shares of the pharmacy operator's stock valued at $1,039,000 after purchasing an additional 3,011 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of CVS Health by 8.0% during the second quarter. Alliancebernstein L.P. now owns 1,609,404 shares of the pharmacy operator's stock valued at $111,017,000 after purchasing an additional 119,439 shares in the last quarter. Hedge funds and other institutional investors own 80.66% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CVS shares. Piper Sandler restated an "overweight" rating on shares of CVS Health in a report on Wednesday. Robert W. Baird set a $107.00 price objective on CVS Health in a research note on Thursday, August 6th. Weiss Ratings raised CVS Health from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. DA Davidson boosted their target price on shares of CVS Health from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of CVS Health from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Twenty-two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CVS Health currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.17.

CVS Health Stock Down 1.5%

CVS Health stock opened at $92.88 on Friday. CVS Health Corporation has a 1-year low of $69.51 and a 1-year high of $110.68. The business has a fifty day moving average price of $101.52 and a 200-day moving average price of $89.43. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.87 and a quick ratio of 0.66. The stock has a market capitalization of $118.79 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.86 and a beta of 0.61.

CVS Health (NYSE:CVS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The pharmacy operator reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.71. CVS Health had a return on equity of 13.12% and a net margin of 1.18%.The company had revenue of $106.10 billion for the quarter, compared to analyst estimates of $100.03 billion. During the same period in the prior year, the company posted $1.81 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. CVS Health has set its FY 2026 guidance at 7.900-8.100 EPS. Equities research analysts forecast that CVS Health Corporation will post 8.02 EPS for the current fiscal year.

CVS Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 23rd were issued a dividend of $0.665 per share. The ex-dividend date was Thursday, July 23rd. This represents a $2.66 annualized dividend and a dividend yield of 2.9%. CVS Health's dividend payout ratio is 70.37%.

About CVS Health

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.

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