CVS will offer next-day delivery of prescription drugs

07 November, 2017, 02:17 | Author: Pamela Mathis
  • Pharmacy in Pittsburgh. CVS Health Corp. reports earnings Monday Nov. 6 2017

CVS Health Corporation's revenue for the quarter was up 3.5% on a year-over-year basis.

CVS Health is cranking up prescription deliveries to customer homes or workplaces, as the drugstore chain tries to squeeze more of an edge from a massive store network that puts 70 percent of the US population within three miles of one of its locations. Cowen and Company set a $86.00 price target on shares of CVS Health Corporation and gave the stock a "buy" rating in a report on Sunday, October 29th.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. 10 holds 0.48% of its portfolio in CVS Health Corp (NYSE:CVS) for 21,360 shares. The shares were sold at an average price of $83.07, for a total value of $20,032,330.50. That compares to consensus estimates from Thomson Reuters that called for $1.49 in EPS on revenue of $46.17 billion. Oppenheimer maintained the stock with "Outperform" rating in Monday, November 2 report.

In the third quarter, CVS said its net income fell to $1.29 billion, or $1.26 per share, from $1.54 billion, or $1.43 a share, a year earlier.

Excluding items, CVS earned a profit of $1.50 per share, beating he average analyst estimate of $1.48, according to Thomson Reuters I/B/E/S. (NYSE:MO), 13 have Buy rating, 0 Sell and 6 Hold. Following the completion of the transaction, the chief financial officer now directly owns 141,096 shares in the company, valued at approximately $11,238,296.40.

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More notable recent CVS Health Corp (NYSE:CVS) news were published by: Nasdaq.com which released: "Wright Investors Service Inc Buys DowDuPont Inc, US Bancorp, CVS Health Corp ..." on October 30, 2017, also Seekingalpha.com with their article: "CVS Health: Great Price For This Dividend Growth Play" published on October 24, 2017, Investorplace.com published: "3 Stocks to Watch on Monday: Apple Inc., CVS Health Corp and General Electric ..." on October 30, 2017. Keel Point LLC boosted its holdings in CVS Health Corporation by 0.7% during the 1st quarter. The disclosure for this sale can be found here. The stock declined 0.64% or $0.41 reaching $63.52 per share.

CVS Health Corporation (NYSE:CVS) gross margin percentage stands at 15.8% while its operating margin for the past trailing twelve month is 5.3 percent and its overall profit margin (ttm) is 2.9 Percent. The company's quarterly revenue was up 4.5% compared to the same quarter past year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 3rd.

Brinker Capital Inc increased Cvs Health Corp (CVS) stake by 23.38% reported in 2017Q2 SEC filing. Shareholders of record on Tuesday, October 24th were issued a $0.50 dividend. This represents a $1.70 annualized dividend and a yield of 2.30%. First City Capital Management Inc. now owns 12,771 shares of the pharmacy operator's stock worth $1,003,000 after acquiring an additional 40 shares during the last quarter. Citigroup maintained Altria Group Inc (NYSE:MO) on Monday, October 30 with "Buy" rating. CVS Health Corporation's dividend payout ratio is now 39.84%. Cadence Bank NA boosted its stake in CVS Health Corporation by 17.7% during the 1st quarter. Finally, Markel Corp boosted its stake in CVS Health Corporation by 6.5% during the 1st quarter.

The Woonsocket, Rhode Island-based company has been transforming itself into a health-care business for years, propelled by its acquisition of Caremark pharmacy benefit manager platform in 2007.

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