CVS Health Corp Reports Earnings Beat Ahead of Aetna Merger

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CVS has revealed plans to pilot stores that prioritize treatment for five chronic conditions including diabetes, cardiovascular disease, hypertension, asthma and behavioral health. Insiders sold a total of 43,409 shares of company stock worth $3,392,097 over the last 90 days. The selling total is valued at $779,935.

CVS Health Corporation (CVS) stock has been separated 5.57% away from the 200-day MA. Director, Brown C David Ii had invested in 10,000 shares for $101,252 through a trade on 2018/05/04.

The company's pharmacy same-store sales rose 8.7 percent, while analysts were expecting a 7.7 percent rise, driven by higher demand for prescription drugs.

The results surpassed Wall Street expectations. The current median share price forecast by them is $88.45, suggesting that the stock could increase 20.03% in that time frame.

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CVS Health Corporation (CVS) stock price recognized rising trend built on latest movement of 200 SMA with 5.57% during the course of recent market activity. The solutions will be available to Aetna clients and their members, as well as the wide array of health care partners CVS works with, through an open platform model. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. $1.18B as of today.

The company posted $47.3 billion in revenue and $1.73 in earnings per share during its third quarter and ahead of the expected close of its acquisition of Aetna.

The health-care company reported third-quarter net income of $1.39 billion, up from $1.29 billion a year ago. Also, EVP Eva C. Boratto sold 13,311 shares of the company's stock in a transaction that occurred on Monday, September 17th. Many market traders also use moving averages to determine profitable entry and exit points into specific securities. So far this year, the volume has averaged about 8,154,847 shares. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. CVS Health Corp has a 52 week low of $60.14 and a 52 week high of $83.88. Now the market price is up 6.41% on the year and up 1.64% YTD. On the surface, it seems as the higher the 50-day moving average goes, the more bullish the market is (and the lower it goes, the more bearish). The company's stock now has a total float of 1.02B shares. The stock price is showing -2.82% distance below 50 SMA. On a downside, the stock is likely to find some support, which begins at $73.04. Finally, Tigress Financial restated a "buy" rating on shares of CVS Health in a research report on Friday, October 26th. Analyst's suggestion with a score of 3 would be a mark of a Hold views. As of now, CVS has a P/S, P/E and P/B values of 0.41, 50.44 and 2.11 respectively. Also, it is trading at rather expensive levels at just over 2.11x price/book and 0.41x price/sales. CVS Health had a return on equity of 18.25% and a net margin of 1.61%. CVS Health's dividend payout ratio is now 33.90%. The stock has a debt/capital of 1.83.

Looking ahead, CVS reiterated its full-year EPS guidance of between $6.98 and $7.08. The pharmacy operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.02. Last year, the company announced a initiative to offer over a hundred new South Korean beauty brands at its stores. Nineteen analysts surveyed by Zacks expected $47.19 billion.

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