An Evaluation Of CVS Health Corp (NYSE: CVS) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CVS belongs to the Healthcare sector of the NYSE while operating in the Healthcare Plans industry. The current market capitalization of CVS Health Corp is $86.33B. A total of 8.1 million shares were traded on the day, compared to an average of 10.18M shares.

In the most recent transaction, Shah Prem S sold 29,473 shares of CVS for 76.95 per share on Feb 16 ’24. After the transaction, the EVP and Pres-Pharm, Consumer W now owns 39,765 company shares. In a previous transaction on Nov 03 ’23, LUDWIG EDWARD J bought 2,000 shares at 70.47 per share. CVS shares that Director owns now total 20,630.

Among the insiders who sold shares, Clark James David disposed of 25,759 shares on Aug 03 ’23 at a per-share price of $74.92. This resulted in the SVP, Cont & Chief Acct Officer holding 4,698 shares of CVS after the transaction. In another insider transaction, Lynch Karen S bought 14,000 shares at $69.75 per share on May 03 ’23. Company shares held by the President and CEO now total 431,392.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. CVS Health Corp pays an annual dividend of $2.48, resulting in a dividend yield of 3.62%, and it has a price to earnings (P/E) ratio of 10.61. CVS’s most recent ex-dividend date was 4/19/2024 when it declared a $0.6650 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 1/19/2024. The CVS stock dividend was $0.6650 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CVS has a high of $83.25 and a low of $64.41.

As of this writing, CVS has an earnings estimate of $CVS Health Corporation per share for the current quarter. EPS was calculated based on a consensus of Chevron Corporation estimates, with a high estimate of $Las Vegas Sands Corp. per share and a lower estimate of $Cel-Sci Corporation.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CVS’s latest balance sheet shows that the firm has $12.53B in Cash & Short Term Investments as of fiscal 2021. There were $76.00B in debt and $67.81B in liabilities at the time. Its Book Value Per Share was $59.36, while its Total Shareholder’s Equity was $75.38B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVS is Buy with a score of 4.32.

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