CVS Health Corporation (CVS)
| Market Cap | 84.54B |
| Revenue (ttm) | 357.78B |
| Net Income (ttm) | 8.34B |
| Shares Out | 1.26B |
| EPS (ttm) | 6.47 |
| PE Ratio | 10.38 |
| Forward PE | 8.03 |
| Dividend | $2.66 (3.96%) |
| Ex-Dividend Date | Apr 19, 2024 |
| Volume | 6,255,645 |
| Open | 67.21 |
| Previous Close | 67.33 |
| Day's Range | 66.75 - 67.42 |
| 52-Week Range | 64.41 - 83.25 |
| Beta | 0.51 |
| Analysts | Buy |
| Price Target | 89.67 (+33.48%) |
| Earnings Date | May 1, 2024 |
About CVS
CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. The Health Services segment offers phar... [Read more]
Financial Performance
In 2023, CVS Health's revenue was $357.78 billion, an increase of 10.95% compared to the previous year's $322.47 billion. Earnings were $8.34 billion, an increase of 93.55%.
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for CVS stock is "Buy." The 12-month stock price forecast is $89.67, which is an increase of 33.48% from the latest price.
News
CVS Omnicare staff in Las Vegas vote to join new union
Staff at CVS Health's unit Omnicare in Las Vegas voted to join the Pharmacy Guild, becoming the first location at the national pharmacy chain to join the union.
A CVS pharmacy in Vegas becomes first to join new national pharmacy union
Nearly 30 pharmacy staff at the Las Vegas branch of CVS's Omnicare will now join The Pharmacy Guild, which will represent them in labor negotiations with CVS.
CVS Health opens new workforce development and community resource center in Baton Rouge
Staff specialists to provide comprehensive skills training and job placement, as well as wraparound health care services BATON ROUGE, La. , April 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) toda...
CVS Health invests $19.2 million in affordable housing in Arvada, Colorado
The investment builds upon efforts to increase access to permanent supportive housing, reduce homelessness WOONSOCKET, R.I. , April 24, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced it ...
FTC looking to accelerate inquiry into prescription-drug middlemen, chair says
The Federal Trade Commission is working to accelerate its inquiry into the prescription-drug middlemen known as pharmacy-benefit managers, while also expanding its scrutiny of drug patents that can ke...
Jason Wu Beauty Brings a Curated Collection of Products to 3,000+ CVS Stores Across the United States
LOS ANGELES--(BUSINESS WIRE)--Jason Wu Beauty brings a curated collection of products to 3,000+ CVS stories across the United States.
Final Trades: AppLovin, Freeport-McMoRan and CVS Health
The Investment Committee give you their top stocks to watch for the second half.
Aetna Better Health of Michigan recommended for CHCP contract
SOUTHFIELD, Mich. , April 9, 2024 /PRNewswire/ -- Aetna Better Health of Michigan, a CVS Health® company (NYSE: CVS), has been recommended by the Michigan Department of Health and Human Services to co...
CVS Caremark to cover Perrigo's birth control pill in US at zero cost for plan sponsors
CVS Caremark, the pharmacy benefit management subsidiary of CVS Health Corp , will add Perrigo's birth control pill to its preventive services oral contraceptives list and make it available at no cost...
Many CVS drug plans will cover over-the-counter birth control pill at no cost
The decision by CVS could open the door for more people to prevent unintended pregnancies without a prescription.
CVS Health® expands pharmacy tuition assistance and scholarship programs
Investing in the future of community pharmacy helps ease students' financial barriers and challenges, and promotes a stable and inclusive pharmacy workforce pipeline WOONSOCKET, R.I. , April 3, 2024 /...
Health care stocks headed for worst day since early November
CNBC's Bertha Coombs reports on what's driving health insurer stocks lower.
Health insurer stocks slide as final Medicare Advantage rates disappoint
The rate adds more pressure on insurers already grappling with high medical costs and uncertainty after the cyberattack on UnitedHealth Group's tech unit.
US health insurers slide as final Medicare Advantage rate sparks margin hit fears
Shares of U.S. health insurers dropped between 4% and 9% premarket on Tuesday after reimbursement rates to providers of Medicare Advantage health plans were unchanged from the initial proposal, raisin...
CVS Health to hold first quarter 2024 earnings conference call
WOONSOCKET, R.I. , April 1, 2024 /PRNewswire/ -- CVS Health (NYSE: CVS) will hold a conference call with analysts and investors on Wednesday, May 1 st, 2024, at 8:00 a.m.
First Medicare Health Plans to Start Paying for Weight-Loss Drug Wegovy
The first major U.S. health insurers have agreed to start paying for the popular anti-obesity drug Wegovy for certain people on Medicare with heart-related conditions.
Wegovy will be covered by some insurers, but not for weight loss: report
Some large health insurers in the U.S. will start covering Wegovy, which has become a popular anti-obesity drug — but not for those using it to lose weight, according to a report by The Wall Street Jo...
CVS Health® invests more than $3M in organizations improving health outcomes in Phoenix
WOONSOCKET, R.I. , March 27, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced more than $3 million in new grants to support organizations in Phoenix working to increase equitable access to...
Three-Stock Lunch: Visa, McCormick, and CVS
Malcolm Ethridge, CIC Wealth Executive Vice President, joins 'Power Lunch' to discuss his investing take on three stocks: Visa, McCormick, and CVS.
Final Trades: Target, Costco and CVS
The Investment Committee give you their top stocks to watch for the second half.
CVS Health announces quarterly dividend
WOONSOCKET, R.I. , March 21, 2024 /PRNewswire/ -- CVS Health (NYSE: CVS) has announced that its board of directors has approved a quarterly dividend of sixty-six and one-half cents ($0.665 cents) per ...
Should You Pick CVS Stock At $75 After A 6% Fall This Year?
CVS Health (NYSE: CVS) reported its Q4 results last month, with revenues and earnings beating the street estimates. The company reported revenue of $93.8 billion and adjusted earnings of $2.12 per sha...
CVS And Walgreens Will Start Selling Abortion Pills This Month: Here's What We Know
CVS and Walgreens will begin selling the abortion pill mifepristone at pharmacies across select states in the coming weeks, as the Supreme Court gears up to hear oral arguments about the drug at the e...
CVS and Walgreens to start dispensing abortion pill in a few states this month
He added that Walgreens was “not going to dispense in states where the laws are unclear” -- such as in Kansas, Montana and Wyoming, where abortion laws are being challenged and are currently in limbo ...
CVS and Walgreens will start dispensing abortion pill mifepristone in select states in coming weeks
CVS Health Corp. and Walgreens Boots Alliance Inc. said Friday they will start to offer the abortion pill mifepristone in select states starting this month.