CVS Health Corporation $CVS Shares Sold by Persistent Asset Partners Ltd

Key Points

• Persistent Asset Partners Ltd cut its CVS Health stake by 56.5% in the fourth quarter, selling 29,111 shares and leaving it with 22,431 shares worth about $1.78 million.
• CVS reported stronger-than-expected quarterly results, posting EPS of $2.57 versus $2.21 expected and revenue of $100.43 billion, while also raising FY2026 guidance to 7.30–7.50 EPS.
• Analyst and institutional sentiment remains broadly positive, with multiple firms raising price targets and 22 analysts rating the stock a Buy; meanwhile, several insiders have sold shares in recent months.

Persistent Asset Partners Ltd lessened its stake in shares of CVS Health Corporation (NYSE:CVS - Free Report) by 56.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,431 shares of the pharmacy operator's stock after selling 29,111 shares during the quarter. CVS Health comprises about 0.8% of Persistent Asset Partners Ltd's investment portfolio, making the stock its 25th biggest holding. Persistent Asset Partners Ltd's holdings in CVS Health were worth $1,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CVS. Kingsview Wealth Management LLC grew its position in CVS Health by 316.2% in the third quarter. Kingsview Wealth Management LLC now owns 104,432 shares of the pharmacy operator's stock worth $7,873,000 after buying an additional 79,340 shares during the last quarter. Intech Investment Management LLC grew its position in CVS Health by 50.3% in the third quarter. Intech Investment Management LLC now owns 86,564 shares of the pharmacy operator's stock worth $6,526,000 after buying an additional 28,953 shares during the last quarter. Hamlin Capital Management LLC acquired a new position in CVS Health in the fourth quarter worth approximately $160,844,000. Cresset Asset Management LLC grew its position in CVS Health by 56.8% in the third quarter. Cresset Asset Management LLC now owns 35,481 shares of the pharmacy operator's stock worth $2,675,000 after buying an additional 12,849 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC acquired a new position in CVS Health in the third quarter worth approximately $11,308,000. Institutional investors and hedge funds own 80.66% of the company's stock.

CVS Health Trading Up 0.0%

NYSE CVS opened at $100.71 on Wednesday. CVS Health Corporation has a twelve month low of $58.50 and a twelve month high of $102.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.66 and a current ratio of 0.87. The stock has a market cap of $128.50 billion, a price-to-earnings ratio of 44.37, a PEG ratio of 0.99 and a beta of 0.62. The firm's 50 day moving average price is $88.00 and its two-hundred day moving average price is $81.10.

CVS Health (NYSE:CVS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The pharmacy operator reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. CVS Health had a net margin of 0.72% and a return on equity of 11.88%. The firm had revenue of $100.43 billion for the quarter, compared to analysts' expectations of $94.99 billion. During the same period in the previous year, the company posted $2.25 EPS. The company's quarterly revenue was up 6.2% compared to the same quarter last year. CVS Health has set its FY 2026 guidance at 7.300-7.500 EPS. Equities analysts anticipate that CVS Health Corporation will post 7.44 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Tilak Mandadi sold 69,551 shares of the business's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $89.58, for a total transaction of $6,230,378.58. Following the transaction, the executive vice president directly owned 10,133 shares in the company, valued at $907,714.14. The trade was a 87.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Larry Robbins sold 370,462 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $93.45, for a total transaction of $34,619,673.90. Following the transaction, the director owned 4,824,799 shares in the company, valued at approximately $450,877,466.55. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,441,551 shares of company stock valued at $323,703,977 in the last three months. Company insiders own 0.85% of the company's stock.

CVS Health News Summary

Here are the key news stories impacting CVS Health this week:

• Positive Sentiment: Multiple articles highlight CVS as a value opportunity, with commentary that its comeback may be “just getting started” and that the stock still looks cheap relative to its earnings and growth prospects. CVS Health's Comeback Is Just Getting Started -- and Its Valuation Still Looks Shockingly Cheap
• Positive Sentiment: Analyst sentiment remains constructive: Mizuho reportedly raised its price target on CVS due to a more stable policy environment, and Morgan Stanley previously lifted its recommendation to $111 while keeping an Overweight view. Mizuho Raises CVS Health (CVS) Price Target on More Stable Policy Environment
• Positive Sentiment: CVS continues to show operational progress, including Aetna’s AI-driven claims tools that reduced processing time by more than 20%, which could support margins and improve customer experience over time. Is CVS Health (CVS) One of Billionaire Larry Robbins’ 10 Dividend Stock Picks?
• Neutral Sentiment: Aetna also announced $130,000 in donations to Kansas City organizations, reinforcing CVS’s community-health positioning, though this is unlikely to move the stock meaningfully on its own. Aetna Donates $130,000 to Kansas City Organizations To Support Nutrition, Mental Health, Maternal Health and Health-Related Social Needs
• Neutral Sentiment: Other coverage, including Zacks and broader “CVS trending” articles, mainly reflects ongoing investor attention rather than a new fundamental catalyst. Zacks.com featured highlights include StoneCo, USANA Health, Strategic Education, Nexa Resources and CVS
• Negative Sentiment: A report on state officials revising the expense outlook for the Mass General Brigham–CVS deal may add some uncertainty around the transaction’s economics, though the market impact appears limited so far. State officials tweak expense outlook on Mass General Brigham, CVS deal

Analyst Upgrades and Downgrades

CVS has been the topic of several recent research reports. TD Cowen lifted their price target on shares of CVS Health from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. DA Davidson lifted their price target on shares of CVS Health from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Royal Bank Of Canada lifted their price target on shares of CVS Health from $93.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Barclays lifted their price target on shares of CVS Health from $101.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Finally, Piper Sandler reiterated an "overweight" rating and set a $113.00 price objective on shares of CVS Health in a research report on Monday, June 1st. Twenty-two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.68.

CVS Health Company Profile

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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