Beacon Financial Group Stake in Cvs Caremark Corporation (CVS) Increased by $4.52 Million

April 15, 2018 - By Joshua Cleveland

CVS Health Corporation (NYSE:CVS) Corporate LogoBig Money Sentiment decreased to 0.72 in 2017 Q4. It has change of 0.16, from 2017Q3’s 0.88. The ratio is negative due to CVS positioning: 115 sold and 600 reduced. 134 funds took positions and 380 increased positions. Investors holded 801.45 million in 2017Q3 but now own 815.59 million shares or 1.76% more. Wade G W & reported 0.07% stake. Burt Wealth Advisors accumulated 587 shs or 0.03% of the stock. Mechanics Retail Bank Tru Department holds 0.87% or 53,124 shs. Moreover, Trust Of Virginia Va has 0.87% invested in CVS Health Corporation (NYSE:CVS) for 86,019 shs. Pinnacle Advisory Gp Inc has invested 0.03% in CVS Health Corporation (NYSE:CVS). High Pointe Capital Lc has 1.92% invested in CVS Health Corporation (NYSE:CVS). Westpac Banking Corporation has invested 0.11% in CVS Health Corporation (NYSE:CVS). 11,820 are held by Pittenger And Anderson. The United Kingdom-based Marshall Wace Llp has invested 0.01% in CVS Health Corporation (NYSE:CVS). Lazard Asset Limited Liability Company accumulated 0.05% or 345,368 shs. 303,406 were accumulated by Gillespie Robinson Grimm Inc. Crestwood Advsrs Group Inc Limited Liability stated it has 1.14% in CVS Health Corporation (NYSE:CVS). Cubic Asset Management Ltd Llc reported 74,884 shs. Notis accumulated 51,176 shs. Kanawha Capital Ltd Liability Co invested in 0.49% or 45,784 shs.

CVS had 1 sale and 0 insider buys since February 16, 2018. This’s net activity of $1.42 million.

Based on the latest 2017Q4 regulatory filing with the SEC, Beacon Financial Group rose its holdings in Cvs Caremark Corporation (CVS) by 97.8%. The company’s stock sank 17.45% while Beacon Financial Group bought 62,765 shares. At the end of 2017Q4, the 126,945 shares of the medical and nursing services company held by the institutional investor were priced at $9.20 million, up from 64,180 at the end of the previous reported quarter. Beacon Financial Group has cut its stake in Cullen Frost Bankers (NYSE:CFR) and also reduced its holding in General Mills Inc (NYSE:GIS) by 82,670 shares in the quarter, for a total of 90,908 shares.

CVS Health Corporation (NYSE:CVS) Ratings Coverage

In total 14 analysts cover CVS Health (NYSE:CVS). “Buy” rating has 10, “Sell” are 0, while 4 are “Hold”. 71% are bullish. With $95.0 highest and $73 lowest [Target] CVS Health has $84.91 average [Target] or 33.86% above the current ($63.43) price. 30 are the (NYSE:CVS)’s analyst reports since October 18, 2017 according to StockzIntelligence Inc. On Tuesday, January 2 the stock has “Buy” rating by Needham. On Friday, January 5 the company was upgraded by Morgan Stanley. On Tuesday, November 7 the firm earned “Hold” rating by Jefferies. The company rating was maintained by Robert W. Baird on Thursday, February 8. On Friday, February 9 Leerink Swann maintained CVS Health Corporation (NYSE:CVS) with “Outperform” rating. On Tuesday, November 7 the company was maintained by Leerink Swann. On Friday, November 3 the stock has “Neutral” rating by Citigroup. On Thursday, January 4 the rating was maintained by Robert W. Baird with “Hold”. In Wednesday, January 24 report Mizuho maintained the stock with “Buy” rating. The company rating was maintained by Leerink Swann on Monday, January 8.

CVS Health Corporation (NYSE:CVS) Institutional Investors Chart

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