CVS HealthCVS
Market Cap: $73.5B
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
0.68% more ownership
Funds ownership: 80.93% [Q1] → 81.61% (+0.68%) [Q2]
12% less funds holding
Funds holding: 2,120 [Q1] → 1,857 (-263) [Q2]
25% less capital invested
Capital invested by funds: $81.1B [Q1] → $60.6B (-$20.5B) [Q2]
35% less funds holding in top 10
Funds holding in top 10: 40 [Q1] → 26 (-14) [Q2]
46% less repeat investments, than reductions
Existing positions increased: 550 | Existing positions reduced: 1,021
67% less first-time investments, than exits
New positions opened: 129 | Existing positions closed: 392
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Cantor Fitzgerald Sarah James 75% 1-year accuracy 86 / 115 met price target | 6%upside $62 | Neutral Reiterated | 16 Sept 2024 |
Cantor Fitzgerald Sarah James 75% 1-year accuracy 86 / 115 met price target | 6%upside $62 | Neutral Reiterated | 10 Sept 2024 |
RBC Capital Ben Hendrix 76% 1-year accuracy 41 / 54 met price target | 16%upside $68 | Outperform Reiterated | 4 Sept 2024 |
Cantor Fitzgerald Sarah James 75% 1-year accuracy 86 / 115 met price target | 6%upside $62 | Neutral Reiterated | 19 Aug 2024 |
Wells Fargo Stephen Baxter 77% 1-year accuracy 23 / 30 met price target | 4%upside $61 | Equal-Weight Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 232 articles about CVS published over the past 30 days