Landscape Capital Management L.L.C. Invests $8.52 Million in CVS Health Corporation $CVS

Key Points

• Landscape Capital Management purchased 82,314 CVS Health shares worth approximately $8.52 million, making CVS about 0.6% of its portfolio. Hedge funds and institutional investors collectively own 80.66% of the company.
• Analysts remain broadly positive: 22 rate CVS a Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and a $107.17 price target.
• CVS reported quarterly earnings of $2.58 per share and revenue of $106.10 billion, beating estimates and growing revenue 7.3% year over year. The company also maintains a quarterly dividend of $0.665 per share, equivalent to a 2.9% yield.

Landscape Capital Management L.L.C. purchased a new stake in shares of CVS Health Corporation (NYSE:CVS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 82,314 shares of the pharmacy operator's stock, valued at approximately $8,515,000. CVS Health makes up approximately 0.6% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 19th biggest position.

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

Analyst Upgrades and Downgrades

CVS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on CVS Health from $88.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, May 7th. DA Davidson lifted their price objective on CVS Health from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Sanford C. Bernstein upped their price objective on CVS Health from $94.00 to $106.00 and gave the company an "outperform" rating in a research report on Tuesday, May 12th. Bank of America raised their target price on CVS Health from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Finally, Robert W. Baird set a $107.00 price target on CVS Health in a research note on Thursday, August 6th. Twenty-two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CVS Health currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.17.

CVS Health Trading Down 0.7%

NYSE:CVS opened at $93.01 on Friday. CVS Health Corporation has a one year low of $69.51 and a one year high of $110.68. The business has a fifty day moving average price of $102.02 and a 200-day moving average price of $88.86. The firm has a market capitalization of $118.96 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 0.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.87 and a quick ratio of 0.66.

CVS Health (NYSE:CVS - Get Free Report) last released its earnings results on Wednesday, August 5th. The pharmacy operator reported $2.58 earnings per share 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 the consensus estimate of $100.03 billion. During the same period in the previous year, the business earned $1.81 earnings per share. CVS Health'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. Sell-side analysts forecast that CVS Health Corporation will post 8.02 EPS for the current 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 given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 23rd. CVS Health's payout ratio is presently 70.37%.

CVS Health 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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