How will consumers fare if CVS and Aetna merge?

How will consumers fare if CVS and Aetna merge?

Another trade for 230,510 shares valued at $18.44 million was made by Denton David M on Monday, June 12. The firm owned 14,079 shares of the pharmacy operator's stock after buying an additional 2,649 shares during the quarter. Mariner Wealth Advisors LLC's holdings in CVS Health were worth $1,750,000 at the end of the most recent reporting period. Zevin Asset Limited Liability Company invested in 0.36% or 17,500 shares. It also reduced its holding in Mcdonald's Corp (NYSE:MCD) by 4,177 shares in the quarter, leaving it with 71,800 shares, and cut its stake in Chevron Corp (NYSE:CVX).

US drugstore chain operator CVS Health Corp has agreed to acquire USA health insurer Aetna Inc for $69 billion, as it seeks to combat the increase healthcare spending through lower-cost medical services in its pharmacies. In addition to health clinics and medical equipment, CVS could aid with vision, hearing and nutrition. Country Tru Bank & Trust accumulated 353,612 shares or 1.36% of the stock. The Massachusetts-based Howland Capital Management Llc has invested 0.06% in the stock. Overall, the businesses of Woonsocket, Rhode Island-based CVS Health Corp. and Hartford, Connecticut-based Aetna Inc. have much less overlap than other deals that have been swatted by regulators. Gillespie Robinson And Grimm owns 296,923 shares.

A number of equities research analysts recently weighed in on CVS shares. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. The stock of CVS Health Corporation (NYSE:CVS) earned "Hold" rating by Jefferies on Wednesday, October 18. They would own 22 percent of the company, with 78 percent remaining with current CVS shareholders. The firm earned "Overweight" rating on Monday, November 2 by JP Morgan. The consideration contains $145 per share in cash and 0.8378 CVS shares for each share of Aetna. Oppenheimer maintained it with "Outperform" rating and $119.0 target in Friday, August 28 report. The target price by Needham would suggest a potential upside of 18.57 % from the company's previous stock close. Insiders sold 714,125 shares of company stock worth $58,119,381 over the last three months. Following the completion of the sale, the insider now owns 299,255 shares in the company, valued at $24,859,112.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The stock was sold at an average price of $81.17, for a total transaction of $1,667,799.99. The Vontobel Asset Management Inc holds 5.39 million shares with $349.54 million value, down from 5.65 million last quarter. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock. The Stock has its 52-week High of $84.72 and 52-Week Low of $66.45 and it touched its 52-week high on 01/18/17 and 52-Week Low on 11/06/17. The stock has a market capitalization of $76,095.96, a P/E ratio of 13.16, a P/E/G ratio of 1.29 and a beta of 0.89.

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"These types of interventions are things that the traditional health care system could be doing, but the traditional health care system lacks the key elements of convenience and coordination that help to engage consumers in their health", CVS CEO Larry Merlo said in the release. Eaton Vance reported 0.02% of its portfolio in Las Vegas Sands Corp. CVS Health had a net margin of 2.77% and a return on equity of 16.96%. While, the analyst predicted that the company could provide an EPS of $1.49/share. The company's revenue was up 3.5% on a year-over-year basis. analysts forecast that CVS Health Corp will post 5.9 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another publication, it was stolen and republished in violation of worldwide copyright and trademark legislation. It also reduced its holding in Target Corp. Moreover, Duff Phelps Investment Mngmt has 0.01% invested in CVS Health Corporation (NYSE:CVS) for 11,855 shares.

It's also not certain if this will mainly be good for the 90 million customers of CVS and Caremark as well as the 23 million people who have Aetna insurance or if people with other insurance and pharmacy plans can also benefit.

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