Published: Thu, October 12, 2017
Business | By Max Garcia

Cullen Frost Bankers Inc. Trims Position in CVS Health Corporation (CVS)


The stock declined 0.81% or $0.5 reaching $61.45 on the news.

Mcdaniel Terry & Co, which manages about $823.96M and $515.57 million US Long portfolio, upped its stake in Becton Dickinson (NYSE:BDX) by 58,106 shares to 60,157 shares, valued at $11.74 million in 2017Q2, according to the filing. Range Resources Corp. (NYSE:RRC) has declined 36.05% since October 11, 2016 and is downtrending. It has outperformed by 2.73% the S&P500. The institutional investor held 115,270 shares of the medical and nursing services company at the end of 2017Q2, valued at $9.28 million, up from 107,110 at the end of the previous reported quarter.

CVS Health Corporation, launched on August 22, 1996, together with its subsidiaries, is an integrated pharmacy healthcare company. Farmers Trust Co now owns 1,318 shares valued at $107,000. Moreover, Alpha Windward Ltd Liability has 0.18% invested in CVS Health Corp (NYSE:CVS) for 3,485 shares. It has underperformed by 41.10% the S&P500.

Among 13 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 5 Sell and 7 Hold. Therefore 50% are positive. adidas AG had 11 analyst reports since August 7, 2015 according to SRatingsIntel. Guggenheim restated a "buy" rating on shares of CVS Health Corporation in a report on Monday, July 3rd. On Friday, September 8 the stock rating was maintained by Morgan Stanley with "Underweight". The rating was upgraded by Goldman Sachs to "Neutral" on Friday, August 21. Deutsche Bank maintained the shares of CVS in report on Wednesday, July 22 with "Hold" rating. CVS Health Corporation comprises approximately 1.8% of Honeywell International Inc.'s investment portfolio, making the stock its 8th biggest holding. Primecap Management Com Ca stated it has 0.23% in CVS Health Corp (NYSE:CVS). The N/A analysts offering target price estimates on shares of CVS Health Corporation (NYSE:CVS) have set a consensus target of $N/A on shares. RBC Capital Markets maintained the shares of IAG in report on Wednesday, June 15 with "Sector Perform" rating. The firm earned "Buy" rating on Thursday, May 12 by Jefferies. Citigroup upgraded the stock to "Buy" rating in Wednesday, November 4 report.

Since June 12, 2017, it had 0 insider purchases, and 1 sale for $18.44 million activity.

Investors sentiment decreased to 0.92 in 2017 Q2.

Among new and sold out positions, 91 holders initiated new positions by a total of 6.77 million shares and 88 holders exited their positions by a total of 7.64 million shares.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. About 4.84 million shares traded. (NYSE:RRC). Stephens Inc Ar holds 0.01% or 7,728 shares in its portfolio. (NYSE:ED). Liberty Capital Mngmt Inc has 0% invested in Consolidated Edison, Inc. Jennison Associate owns 9,808 shares. Osborne Prtnrs Capital Mngmt Ltd holds 120,143 shares. Beach Invest Counsel Pa accumulated 27,638 shares. Rudman Errol M holds 70,704 shares.

More notable recent CVS Health Corp (NYSE:CVS) news were published by: Seekingalpha.com which released: "CVS Health Is In A Great Position To Excel" on October 06, 2017, also Benzinga.com with their article: "Jim Cramer Advises His Viewers On CVS Health Corp And Brink's Company" published on September 29, 2017, Nasdaq.com published: "Pensionfund DSM Netherlands Buys General Electric Co, CVS Health Corp, Time ..." on October 04, 2017. North Star Investment Management Corp. bolstered its position by buying 330 shares an increase of 40.3% from 06/30/2017 to 09/30/2017. Hourglass Limited Liability Corporation reported 0.21% stake. Staley Cap Advisers has invested 3.87% in CVS Health Corp (NYSE:CVS). Sheets Smith Wealth Mgmt has 0.2% invested in CVS Health Corp (NYSE:CVS). As of the last earnings report the EPS was $5.02 and is projected to be $5.88 for the current year with 1,016,564,000 shares presently outstanding. KMT's profit will be $30.72M for 26.69 P/E if the $0.38 EPS becomes a reality.

If we look at the Volatility of CVS Health Corporation (CVS), Week Volatility is 1.96%, whereas Month Volatility is at 1.80%. The Company provides pharmacy care for the senior community through Omnicare, Inc (Omnicare) and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings. Argyle Capital Inc accumulated 20,485 shares or 0.67% of the stock. Jpmorgan Chase & Co (NYSE:JPM) was reduced too.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $5,990 activity. Therefore 100% are positive. The ex-dividend date has been established as Thursday the 20th of July 2017. The firm has "Outperform" rating by Wedbush given on Wednesday, November 9. They set an "outperform" rating and a $95.00 price target for the company. Its weekly performance showed downward trend of -5.41 percent. (NYSE:ED) rating on Monday, August 17.

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