CVS Health Corp (NYSE: CVS) is -28.76% lower on its value in year-to-date trading and has touched a low of $52.77 and a high of $83.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CVS stock was last observed hovering at around $57.36 in the last trading session, with the day’s loss setting it -1.11%.
Currently trading at $56.25, the stock is -9.26% and -5.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.78 million and changing -1.94% at the moment leaves the stock -12.90% off its SMA200. CVS registered -15.15% loss for a year compared to 6-month loss of -16.93%. The firm has a 50-day simple moving average (SMA 50) of $59.7668 and a 200-day simple moving average (SMA200) of $64.58125.
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The stock witnessed a -10.54% gain in the last 1 month and extending the period to 3 months gives it a -6.76%, and is -1.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.92% over the week and 2.55% over the month.
CVS Health Corp (CVS) has around 300000 employees, a market worth around $70.76B and $363.65B in sales. Current P/E ratio is 10.01 and Fwd P/E is 7.84. Profit margin for the company is 1.98%. Distance from 52-week low is 6.59% and -32.43% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
with sales reaching $92.75B over the same period.The EPS is expected to shrink by -27.62% this year, but quarterly earnings will post 3.30% year-over-year.
CVS Health Corp (CVS) Top Institutional Holders
2387.0 institutions hold shares in CVS Health Corp (CVS), with institutional investors hold 83.13% of the company’s shares. The shares outstanding are 1.29B, and float is at 1.26B with Short Float at 1.66%. Institutions hold 83.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 116.35 million shares valued at $6.87 billion. The investor’s holdings represent 9.2341% of the CVS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 100.15 million shares valued at $5.91 billion to account for 7.9485 of the shares outstanding. The other top investors are DODGE & COX which holds 61.68 million shares representing 4.8955% and valued at over $3.64 billion, while CAPITAL WORLD INVESTORS holds 4.4463 of the shares totaling 56.02 million with a market value of $3.31 billion.
CVS Health Corp (CVS) Insider Activity
The most recent transaction is an insider purchase by LUDWIG EDWARD J, the company’s Director. SEC filings show that LUDWIG EDWARD J bought 1,000 shares of the company’s common stock on May 02 ’24 at a price of $53.88 per share for a total of $53879.0. Following the purchase, the insider now owns 21630.0 shares.
CVS Health Corp disclosed in a document filed with the SEC on May 02 ’24 that Mahoney Michael F (Director) bought a total of 9,181 shares of the company’s common stock. The trade occurred on May 02 ’24 and was made at $54.49 per share for $0.5 million. Following the transaction, the insider now directly holds 9356.0 shares of the CVS stock.
Still, SEC filings show that on Feb 16 ’24, Shah Prem S (EVP and Pres-Pharm, Consumer W) disposed off 29,473 shares at an average price of $76.95 for $2.27 million. The insider now directly holds 39,765 shares of CVS Health Corp (CVS).
