CVS HealthCVS
Market Cap: $72.6B
About: CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the us. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
Employees: 300,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $1.63B | Put options by funds: $1.26B
0.67% more ownership
Funds ownership: 80.92% [Q1] → 81.59% (+0.67%) [Q2]
13% less funds holding
Funds holding: 2,115 [Q1] → 1,848 (-267) [Q2]
25% less capital invested
Capital invested by funds: $81.1B [Q1] → $60.6B (-$20.5B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 39 [Q1] → 26 (-13) [Q2]
46% less repeat investments, than reductions
Existing positions increased: 546 | Existing positions reduced: 1,020
68% less first-time investments, than exits
New positions opened: 125 | Existing positions closed: 392
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
RBC Capital Ben Hendrix 80% 1-year accuracy 47 / 59 met price target | 18%upside $68 | Outperform Reiterated | 4 Sept 2024 |
Cantor Fitzgerald Sarah James 67% 1-year accuracy 84 / 125 met price target | 7%upside $62 | Neutral Reiterated | 19 Aug 2024 |
Wells Fargo Stephen Baxter 59% 1-year accuracy 17 / 29 met price target | 6%upside $61 | Equal-Weight Maintained | 12 Aug 2024 |
Deutsche Bank George Hill 100% 1-year accuracy 6 / 6 met price target | 9%upside $63 | Hold Maintained | 9 Aug 2024 |
Barclays Andrew Mok 80% 1-year accuracy 35 / 44 met price target | 9%upside $63 | Equal-Weight Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 263 articles about CVS published over the past 30 days