Published: Sat, January 13, 2018
Finance | By Loren Pratt

Bank of Hawaii Grows Stake in CVS Health Corp (CVS)

It has outperformed by 25.98% the S&P500.

Wills Financial Group Inc decreased Cvs Health Corp (CVS) stake by 33.66% reported in 2017Q3 SEC filing. Schwab Charles accumulated 4.24M shares or 0.3% of the stock. The institutional investor held 17,850 shares of the medical and nursing services company at the end of 2017Q3, valued at $1.45M, up from 5,050 at the end of the previous reported quarter. The stock has a market capitalization of $80,050.00, a P/E ratio of 16.33, a PEG ratio of 1.38 and a beta of 0.90. The stock increased 1.18% or $0.43 during the last trading session, reaching $36.91. About 261,540 shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since January 12, 2017 and is downtrending. It has underperformed by 41.10% the S&P500. Morgan Stanley downgraded CVS Health Corporation (NYSE:CVS) on Monday, June 20 to "Equal-Weight" rating. The pharmacy operator reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.01. WRI's profit will be $79.24M for 12.57 P/E if the $0.61 EPS becomes a reality. The company's revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts forecast that CVS Health Corp will post 5.9 earnings per share for the current fiscal year.

Ratings analysis reveals 72% of CVS Health's analysts are positive. Therefore 86% are positive. Leerink Swann maintained the shares of CVS in report on Monday, January 8 with "Buy" rating. Stifel Nicolaus maintained the shares of WYN in report on Wednesday, June 21 with "Buy" rating. Vetr lowered CVS Health from a buy rating to a hold rating and set a $77.11 price objective on the a research note on Thursday, January 4th. On Monday, May 9 the stock rating was maintained by Citigroup with "Neutral". (NYSE:SNV), 7 have Buy rating, 1 Sell and 10 Hold. The rating was maintained by Deutsche Bank on Wednesday, July 22 with "Hold". Jefferies has "Hold" rating and $76 target. The firm has "Buy" rating by Tigress Financial given on Friday, April 28. $199,050 worth of CVS Health Corporation (NYSE:CVS) was sold by SWIFT RICHARD J on Wednesday, August 16. The rating was maintained by Needham on Tuesday, January 2 with "Buy". Nordea Investment Management AB now owns 14,154,922 shares of the pharmacy operator's stock valued at $1,138,905,000 after purchasing an additional 1,100,373 shares during the last quarter.

Since August 16, 2017, it had 0 buys, and 7 selling transactions for $58.32 million activity. CRANSTON MARY B sold $1.07 million worth of Visa Inc. At current levels, CVS Health Corporation (NYSE:CVS) shares have been seen trading 6.85% away from the 20-day moving average. Shares for $3.22 million were sold by Foulkes Helena on Friday, September 15. First Business Ser stated it has 0.12% of its portfolio in CVS Health Corporation (NYSE:CVS).

Investors sentiment decreased to 0.88 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2.

In other CVS Health news, EVP Lisa Bisaccia sold 29,445 shares of the firm's stock in a transaction on Thursday, December 21st. 27 funds opened positions while 82 raised stakes. The active investment managers in our partner's database now have: 801.45 million shares, down from 803.96 million shares in 2017Q2. M&T Bancorporation accumulated 293,327 shares. Palladium Prtnrs Lc invested in 1.66% or 555,837 shares. Mckinley Carter Wealth Inc holds 0.1% or 3,120 shares in its portfolio. Lyons Wealth Lc has 12,032 shares. Nomura Asset Mngmt Company holds 0.03% in Weingarten Realty Investors (NYSE:WRI) or 69,250 shares. 17,331 are held by Murphy Cap Mgmt. First Mercantile Trust has 0.25% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Benjamin F Edwards & reported 0.26% stake. Needham maintained CVS Health Corporation (NYSE:CVS) rating on Monday, December 4.

Several other hedge funds also recently bought and sold shares of CVS. Moreover, Monetary Grp has 0.75% invested in CVS Health Corporation (NYSE:CVS).

Analysts await Visa Inc. The company's revenue for the quarter was up 3.5% compared to the same quarter a year ago. Following the sale, the executive vice president now directly owns 15,556 shares of the company's stock, valued at approximately $1,166,700. $34,661 worth of stock was sold by Branderiz Eric on Tuesday, September 5. The insider OLSON LAURIE J sold 8,064 shares worth $263,693. (NASDAQ:GOGO) for 351,502 shares. Rampart Inv Management Lc owns 12,585 shares or 0.35% of their U.S. portfolio. MPS Loria Financial Planners LLC acquired a new stake in CVS Health in the second quarter valued at $119,000. (NASDAQ:GOGO) rating on Wednesday, October 18. Gogo had 11 analyst reports since October 7, 2015 according to SRatingsIntel. The stock of Tesla, Inc. (NYSE:PFE) earned "Hold" rating by Jefferies on Thursday, October 26. The firm earned " rating on Friday, August 14 by Citigroup. S&P Research maintained the stock with "Sell" rating in Friday, August 14 report.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 2.72%, and has a solid year to date (YTD) performance of 8.99% which means that the stock is constantly adding to its value from the previous fiscal year end price. Leerink Swann now has an outperform rating on the pharmacy operator's stock. (NYSE:T) on Tuesday, May 30 to "Neutral" rating. The rating was maintained by Robert W. Baird on Thursday, January 4 with "Hold". The rating was maintained by Bank of America on Friday, August 7 with "Underperform". Honeywell has 1.19% invested in Visa Inc.

Since August 11, 2017, it had 0 buys, and 2 sales for $1.80 million activity. It turned negative, as 48 investors sold V shares while 617 reduced holdings. 52 funds opened positions while 128 raised stakes. Two Sigma Secs Ltd Limited Liability Company invested in 0.02% or 2,276 shares. Brown Brothers Harriman & holds 316,908 shares. Beacon Cap Management stated it has 0% of its portfolio in Tesla, Inc. Huntington Bancshares holds 0.64% of its portfolio in Visa Inc. After $0.22 actual earnings per share reported by Energy Transfer Equity, L.P. for the previous quarter, Wall Street now forecasts 36.36% EPS growth. Citadel Advsrs Ltd Limited Liability Company, a Illinois-based fund reported 335,581 shares. Rathbone Brothers Public Ltd Com reported 0.19% of its portfolio in Tesla, Inc. The difference between the actual and expected EPS is $0.01 a share with a surprise factor of 0.7%. Conatus Lp reported 0.04% of its portfolio in Visa Inc. RCHA's SI was 3,400 shares in January as released by FINRA. Hills Bank & Trust & stated it has 45,236 shares or 1.15% of all its holdings.

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