Retail Clinics Boosted by CVS-Aetna Merger, Says Healthcare Research Firm

Retail Clinics Boosted by CVS-Aetna Merger, Says Healthcare Research Firm

The companies' executives say the transaction will make health care more accessible to consumers at CVS locations, promising higher quality, lower costs and more convenience.

Aetna's stock is trading about 10% below the per-share offer price, reflecting investor uncertainty that the deal will get approval. About 448,005 shares traded.

CVS Health (NYSE:CVS) last released its earnings results on Monday, November 6th. It has underperformed by 41.10% the S&P500. The correct version of this piece can be accessed at https://weekherald.com/2017/12/05/cvs-health-corp-cvs-shares-bought-by-mariner-wealth-advisors-llc.html. It also upped Wipro Limited (NYSE:WIT) stake by 110,718 shares and now owns 221,436 shares. (SCSS)'s stock rose 26.72%. Another trade for 230,510 shares valued at $18.44 million was made by Denton David M on Monday, June 12. Las Vegas Sands Corp now has $55.16 billion valuation.

Tollbooth Index increased 37.58 or 0.3% to 13,637.14. CVS Health had 58 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Buy" rating by Argus Research on Monday, August 10.

CVS Health (NYSE:CVS) last announced its earnings results on Monday, November 6th. The firm has "Neutral" rating given on Thursday, February 2 by Robert W. Baird. The stock has "Hold" rating by Jefferies on Wednesday, August 16. SunTrust Banks set a $85.00 target price on CVS Health and gave the company a "buy" rating in a research report on Thursday, October 12th. On Wednesday, November 9 the stock rating was maintained by Mizuho with "Buy". Goldman Sachs maintained the stock with "Neutral" rating in Tuesday, August 18 report. (NYSE:LVS) on Monday, May 1 with "Buy" rating. They expect $0.75 earnings per share, up 20.97% or $0.13 from last year's $0.62 per share.

Exchange Capital Management Inc increased Verizon Communications Inc (NYSE:VZ) stake by 40,427 shares to 44,613 valued at $1.99 million in 2017Q2. Hillsdale Investment Management Inc. owns 202,200 shares or 0.12% of their U.S. portfolio.


It is possible that if CVS-Aetna leads to other insurer-drug retail deals, then CVS and other pharmacy chains may be able to negotiate for more favorable employee insurer plans and cheaper prices for prescription drugs from Big Pharma giants like Pfizer, Johnson & Johnson and Eli Lilly.

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

The stock decreased 0.72% or $0.515 during the last trading session, reaching $71.175. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.55. Meanwhile, CVS's shares dropped 3.2%. Jackson Grant Investment Advisers Inc. raised its stake in shares of CVS Health by 0.6% during the 2nd quarter.

TIAA CREF Investment Management LLC lessened its holdings in CVS Health Corp (NYSE:CVS) by 30.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. First Personal Financial stated it has 34,094 shares or 0.6% of all its holdings. Vontobel Asset Management Inc sold 255,022 shares as Las Vegas Sands Corp (LVS)'s stock rose 9.11%. Brinker holds 0.03% or 13,923 shares in its portfolio. Private Capital holds 8,775 shares or 0.23% of its portfolio. Cleararc Cap holds 0.32% or 24,990 shares. Guernsey-based Bluecrest Limited has invested 0.13% in CVS Health Corporation (NYSE:CVS). Country Trust Bank who had been investing in Cvs Caremark Corporation Common for a number of months, seems to be bullish on the $72.62B market cap company. Barnett And Company Inc invested 2.84% of its portfolio in CVS Health Corporation (NYSE:CVS).

CVS Health Corporation (NYSE:CVS) now has a Weekly Volatility of 4.14% percent while its Monthly Volatility is at 2.77% percent.

Among 25 analysts covering CVS Health (NYSE:CVS), 17 have Buy rating, 0 Sell and 8 Hold. Timessquare Cap Mgmt Limited Com owns 95,900 shares or 0.11% of their U.S. portfolio. Oppenheimer has "Outperform" rating and $119.0 target. Therefore 64% are positive. On Friday, September 29 the stock rating was maintained by Piper Jaffray with "Buy". The rating was downgraded by Piper Jaffray on Tuesday, December 22 to "Neutral".

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