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What discovery from plaintiffs CVS/Caremark et al are FTC investigators obtaining in that suit in W.D. Missouri(Kansas City)? High cost of prescription drugs is the issue. Express Scripts et al lost a motion for a preliminary injunction against FTC in the District Court for the E.D. Missouri in February where high cost of insulin was an issue.
$CVSHospitals Murdered COVID Patients
— “Sudden And Unexpected” (@toobaffled) June 19, 2024
The more they killed, the more money they made.
Aside from ventilators, the death protocol of choice was Fauci’s pet drug, Remdesivir.
“Remdesivir is so lethal it got nicknamed ‘Run Death Is Near’ after it started killing thousands of Covid… pic.twitter.com/eBSOL1MJu6
$CVS is the top performer in the S&P 500 YTD, up over +50% and breaking out of its Power Earnings Gap yesterday...
By: TrendSpider | March 19, 2025
• $CVS is the top performer in the S&P 500 YTD, up over +50% and breaking out of its Power Earnings Gap yesterday...
Strength begets strength.
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$CVS Textbook power earnings gap, bull pennant forming, and a $2M insider buy…
By: TrendSpider | March 5, 2025
• Textbook power earnings gap, bull pennant forming, and a $2M insider buy…
A lot to like. $CVS
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CVS launches higher in pre-market on big EPS beat:
By: TrendSpider | February 12, 2025
• CVS launches higher in pre-market on big EPS beat:
~EPS: $1.19 vs $0.93 est
~REV: $97.71B vs $97.19B est
$CVS +10.18% in PM
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CVS Health Stock Among the Worst to Own in February
By: Schaeffer's Investment Research | February 4, 2025
• CVS Health stock is historically a losing bet this month
• The stock has been struggling to distance itself from 12-year lows
Volatility is plaguing Wall Street in light of President Donald Trump's tariffs. Regardless of what's up next, traders can take advantage of Schaeffer’s Senior Quantitative Analyst Rocky White's list of 25 worst S&P 500 Index (SPX) stocks for February to know which stocks to avoid over the coming weeks. CVS Health Corp (NYSE:CVS) is among them, and warrants a closer look.
According to White, CVS averaged a 4.3% loss in February in the last decade, settling higher only three times during that period. The stock was last seen down 0.4% to trade at $56.28, indicating a drop of similar magnitude would place it closer to the $53 region.
CVS Health stock has been attempting to distance itself from a Dec. 23, roughly 12-year low of $44.38. The equity's latest rally lost steam before conquering $58, though, and today's losses could bring about a fourth consecutive negative session. Shares are also struggling with pressure from the 200-day moving average, and carry a 23.1% year-over-year deficit.
Short-term options traders are already bearish toward CVS. This is per the security's Schaeffer's put/call open interest ratio (SOIR), which ranks higher than 86% of annual readings.
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Healthcare in the U.S. has a chance of improving only when CVS is finally out of the healthcare and pharmacy business. What a beautiful sight to see.
$CVS falls to lowest price in more than 12 years
By: Barchart | December 19, 2024
• $CVS falls to lowest price in more than 12 years.
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$CVS forms the dreaded tear-drop pattern as it plunges to its lowest price in more than 12 years
By: Barchart | December 17, 2024
• $CVS forms the dreaded tear-drop pattern as it plunges to its lowest price in more than 12 years.
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I was a CVS Pharmacist. Trust me, I have plenty of stories. They literally KILLED people. Ashleigh Anderson died for these crooks and their shareholders. She died because they couldn't find a relief pharmacist and decided to keep her store open, forcing her to work until she died. Trust me, I have stories. CVS kills people all the time via prescription errors and it is never reported on mainstream media. Let this pos BURN.
This company is so corrupt, I could tell you so many stories.
CVS was my biggest client when I quit work back in February. I was basically paid to lie for these people. So corrupt.
I hope they go down bigtime.
I designed, printed and mailed protected health information via USPS. These people lied about mail dates, used the meter machine to post without a date (which should be illegal) and foiled Postal-One paperwork. It's all corrupt business.
Absolutely corrupt! LET THIS BURN all the way down to hell!!! CVS killed and hurt a lot of people and families. LET HER BURN!!!!!!
Wow. I'd stay away from this. I agree. Let it tank. Used to be one of my biggest clients. The company is corrupt as all hell.
NONE of my family are stupid enough to work there. CVS is destroying lives and it will destroy everything you have invested in it. You can call me names and swear like the refined gentleman you clearly are, but you will risk your life if you pick up prescriptions at CVS. Don't say you weren't warned.
Pull your ass in now. Cvs give jobs to over 75 thousands people. Your family may be working there as well. What a shame you piece of shite
Let it burn. CVS has contributed to rising health care costs, dissolved the independent pharmacies that kept working Americans alive, abandoned those communities and left them with no pharmacies. Let it burn. CVS has burned a lot of bridges with pharmacists like myself by abusing us and not paying us what we're worth. Let it burn. PBMs are destroying the country through shady, unfair practices and contracts while they lobby against Lina Khan. PBMs and CVS are making drugs LESS accessible for everyday Americans. CVS is ERASING your access to real healthcare. LET. IT. BURN.
CVS Health (CVS) Stock Slips on C-Suite Shakeup
By: Schaeffer's Investment Research | October 18, 2024
• Options traders are targeting CVS after news of its CEO replacement
• Longtime exec David Joyner is replacing Karen Lynch as CEO
CVS Health Corp (NYSE:CVS) stock is down 7.3% at $59.04 at last glance, after news that the company has replaced CEO Karen Lynch with pharmacy benefits executive David Joyner. The healthcare name previously addressed higher medical costs, and it had been reported that several options were being weighed with strategic advisors. In its release today, CVS announced it expects adjusted earnings of $1.05-$1.10 per share for its third quarter, which is scheduled for release Nov. 6.
Now trading at its lowest levels since late September, CVS Health stock is back under familiar pressure at the $60 level. Headed for its largest single-day percentage drop since its early-May bear gap, the equity is down 25.2% year to date.
Options traders are targeting CVS amid today's volatility. So far, 44,000 calls and 33,000 puts have crossed the tape, which is five times the options volume the stock has typically seen by this point in the day. The November 70 call is the most popular, with new positions opening at the weekly 11/29 50-strike put.
The bullish-leaning sentiment amongst traders isn't unusual, however. CVS' 10-day call/put volume ratio of 5.14 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 98% of readings from the past year.
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CVS Health Stock Bounces on Company Updates
By: Schaeffer's Investment Research | October 4, 2024
• CVS Health is considering splitting its retail pharmacy and insurance units
• TD Cowen also upgraded CVS to "buy" and hiked its price target to $85
Shares of CVS Health Corp (NYSE:CVS) are 3.9% higher to trade at $65.40 at last glance, after several updates for the healthcare giant. According to reports, CVS' insurance unit is facing higher-than-usual medical costs and other major issues. In response, the company is conducting a strategic review, and considering shifting from its long-held business strategy by splitting its retail pharmacy and insurance units.
Amid this big news, TD Cowen upgraded CVS Health stock to "buy" from "hold" and hiked its target price to $85 from $59, citing changes to the company's 2025 Medicare Advantage plan benefits as a catalyst. Coming into today, analyst sentiment was split, with 11 rating CVS a "hold" and 13 recommending a "buy" or better, leaving room for more bull notes to roll in.
Puts are more popular at the moment, and a change in the options pits could provide more support. This is per the security's 10-day put/call volume ratio of 0.78 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that stands higher than 83% of readings from the past 12 months. Echoing this, its Schaeffer's put/call open interest ratio (SOIR) of 0.59 stands in the elevated 73rd percentile of annual readings.
This shift looks to be taking place, with calls outpacing puts during today's trading. Already, more than 52,000 calls have crossed the tape, 6 times the average intraday volume and well above the 3,484 puts traded so far. Most popular by far is the weekly 10/11 69-strike call.
On the charts, today's bounce puts CVS Health stock on track to close above its 160-day moving average that's acted as resistance since early April. Shares are filling a post-earnings bear gap from April that sent them to their lowest levels since April 2020, resulting in a more than four-year low of $52.78. Pacing for its second consecutive weekly gain of more than 6%, CVS is still down more than 17% in 2024.
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$CVS $1.6 Million Bullish OTM Call Order
By: Cheddar Flow | October 4, 2024
• $CVS $1.6M Bullish OTM Call Order
This has a lot of premium relative to recent CVS prints and was executed above the ask to show urgency
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CVS Health reported earnings this morning:
By: TrendSpider | August 7, 2024
• CVS Health reported earnings this morning:
~EPS: $1.83 vs $1.73 est
~SALES: $91.23B vs $91.51B est
~Revises FY24 EPS guide to $6.40-$6.65 from at least $7.00
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CVS Health Corporation (CVS) is Attracting Investor Attention
By: Zacks Investment Research | July 24, 2024
CVS Health CVS has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this drugstore chain and pharmacy benefits manager have returned -4.1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Retail - Pharmacies and Drug Stores industry, to which CVS Health belongs, has lost 9.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, CVS Health is expected to post earnings of $1.74 per share, indicating a change of -21.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $7 points to a change of -19.9% from the prior year. Over the last 30 days, this estimate has changed -0.2%.
For the next fiscal year, the consensus earnings estimate of $7.75 indicates a change of +10.8% from what CVS Health is expected to report a year ago. Over the past month, the estimate has changed -0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for CVS Health.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Zacks
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For CVS Health, the consensus sales estimate for the current quarter of $91.56 billion indicates a year-over-year change of +3%. For the current and next fiscal years, $368.87 billion and $388.97 billion estimates indicate +3.1% and +5.5% changes, respectively.
Last Reported Results and Surprise History
CVS Health reported revenues of $88.44 billion in the last reported quarter, representing a year-over-year change of +3.7%. EPS of $1.31 for the same period compares with $2.20 a year ago.
Compared to the Zacks Consensus Estimate of $89.2 billion, the reported revenues represent a surprise of -0.86%. The EPS surprise was -22.49%.
Over the last four quarters, CVS Health surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
CVS Health is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about CVS Health. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
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Bear of the Day: CVS Health (CVS)
By: Zacks Investment Research | June 17, 2024
Zacks Rank #5 (Strong Sell) stock CVS Health (CVS) is the largest retail pharmacy chain in the United States. The company operates in four main segments: health care benefits, health services, pharmacy and consumer wellness, and corporate/other. Though CVS is a household name, has been in business for more than 60 years, and is highly profitable, the company’s stock is facing several bearish headwinds that are company-specific and industry-wide.
Retail Theft Plagues Pharmacy Industry
Since 2018, the amount of lost retail revenue due to theft has grown each year consecutively and soared overall. For example, in 2018, retailers lost about $50 billion to theft. By 2024, projections call for retail theft losses to balloon to more than $130 billion and a whopping $143 billion by 2025. According to Capital One Financial (COF), “Retailers lost $112.1 billion in gross revenue and $84.9 billion in fraudulent sales returns in 2022.” Meanwhile, “The average shoplifting incident cost retailers $461.86 in 2020.”
Indeed, there is plenty of time and room for the political blame game. However, as investors, we must focus on what is going on and how it will impact the market while leaving the politics to the dinner table. Brazen organized retail incidents are becoming commonplace. What’s worse, shoplifters are caught roughly 2% of the time and arrested 1% of the time. The troubling trend is leading to higher expenses and worse profit margins.
Image Source: Zacks Investment Research
As a result, CVS and its main drugstore competitor, Walgreens Boots Alliance (WBA), have closed numerous stores in hard-hit areas of the country, such as California and New York. However, customers are turning away from brick-and-mortar drugstores in several open locations. In heavy crime zones like Manhattan, customers must flag down associates to gain access to the growing number of items locked behind protective glass. Instead of accepting the frustrating situation, many retail customers are taking their business to e-commerce retailers such as Amazon (AMZN) or PDD’s (PDD) Temu.
Poor Medicare Advantage Rating Squeezes CVS Profits
Medicare Advantage ratings, or Medicare Star Ratings, measure the performance of Medicare Advantage Part D plans. In 2023, CVS suffered a signficant setback when its largest MA plan, Aetna National PPO, saw its rating plunge from 4.5 to 3.5 stars.
Because of the headwinds above, year-over-year revenue growth at CVS has plunged since 2020.
Image Source: Zacks Investment Research
Relative Performance of CVS Shares Trending Down
CVS shares are down-trending and underperforming the general market by a wide margin – a sign of relative price weakness.
Image Source: Zacks Investment Research
Pharmacy Competitions is Heating Up
Major competitors such as Walgreens, Target (TGT) and Wal-Mart (WMT) are expanding their pharmacy businesses.
Bottom Line
Drugstore giant CVS faces numerous bearish headwinds, which are industry and company-specific. Investors should avoid shares over the next 6-12 months.
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CVS Health $CVS is currently trading at new 52 WEEK LOWS
By: Evan | May 29, 2024
• CVS Health $CVS is currently trading at new 52 WEEK LOWS.
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Bear of the Day: CVS Health (CVS)
By: Zacks Investment Research | May 8, 2024
CVS Health (CVS) is a Zacks Rank #5 (Strong Sell) that is a prominent player in the health solutions sector in the United States.
The stock has had a rough couple of years but has held up until recently. A recent earnings surprise miss has taken away a lot of hope from investors and the stock has now fallen near COVID lows.
The earnings miss seen last week was the first since 2015, which is making investors very nervous about what the rest of 2024 may hold.
About the Company
CVS has been in operation since its incorporation in 1996 and is based in Woonsocket, Rhode Island. The company employs 219,000.
CVS caters to various customer groups, including employer groups, individuals, healthcare providers, and governmental units. Its Health Care Benefits segment provides health insurance products and services, while the Health Services segment offers pharmacy benefit management solutions. Additionally, the Pharmacy & Consumer Wellness segment sells prescription and over-the-counter drugs, beauty products, and personal care items, operating through various channels such as online retail pharmacies and specialty stores.
CVS is valued at $70 billion and has a Forward PE of 7. The stock holds Zacks Style Scores of “A” in Growth and Value, and “B” in Momentum. CVS pays a dividend of 4.75%.
Q1 Earnings
Last Wednesday, CVS Health reported an EPS miss of $1.31, falling short of the expected $1.69 per share. Revenue also missed estimates, coming in at $88.4 billion compared to the expected $89.2 billion.
This disappointing performance prompted a downward revision of the company's outlook for fiscal year 2024, with adjusted earnings per share now expected to be "at least" $7.00, down from the previous estimate of $8.31.
Similarly, cash flow from operations for FY24 has been revised downwards to at least $10.5 billion, signaling a significant reduction from the previous projection of $12.0-12.5 billion.
Several factors have contributed to this downward revision, including near-term challenges in the Medicare Advantage segment. The company cited a medical benefits ratio of 90.4% in Q1, a notable increase from 84.6% year-on-year, indicating increased pressure on healthcare spending. Additionally, the Health Care Benefits segment witnessed a decline in operating margin from 7.0% to 2.3% year-on-year, reflecting operational challenges and cost pressures.
Management acknowledged the difficulties faced by the company, attributing some of the challenges to external factors such as the cyberattack on Change Healthcare, which impaired the visibility of medical claims in Q1.
Earnings Estimates
Over the last 7 days, earnings estimates have been slashed by analysts.
For the current quarter, estimates plunged from $2.21 to $1.83, or 17%. For the next quarter, estimates have been lowered by 7%.
For the current year, we see an 11% drop, with estimates falling from $8.29 to $7.35
For next year, the last 7 days have seen a 13% drop, falling from $9.08 to $7.94.
Analysts have also been lowering price targets since earnings. Some more notable names include UBS going from $85 to $60 and Morgan Stanley dropping to $65 from $85.
Technical Take
The COVID lows for CVS were just under $52. The stock is now under 10% away from that spot where it may find support.
Additionally, the dividend is around 5%, which could be attractive to investors If interest rates start coming down.
However, the fundamental issues have been showing themselves on the chart for about a year. The stock is down almost 50% since the start of 2023 and should be considered a falling knife that one should avoid.
Investors should be patient and wait until technical support is confirmed. Some levels to watch are $52, $44, and $39.
The 200-day moving average is way up at $72 and the 21-day is at $66.
In Summary
Investors should exercise caution and closely monitor CVS Health's performance in the coming quarters. With headwinds mounting and growth prospects uncertain, the company faces a pivotal juncture in its journey toward sustaining profitability and enhancing shareholder value.
For those interested in the space, a better option might be Walgreens Boots Alliance (WBA). While the company has seen many of the same issues as CVS, the stock is a Zacks Rank #3 (Hold) that is coming off a 46% EPS beat.
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$CVS Two insiders at CVS bought a combined $554K in shares yesterday after the -20% haircut from earnings.
By: TrendSpider | May 4, 2024
• $CVS BLOOD BUYERS SPOTTED.
Two insiders at CVS bought a combined $554K in shares yesterday after the -20% haircut from earnings.
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Gear Up for CVS Health (CVS) Q1 Earnings: Wall Street Estimates for Key Metrics
By: Zacks Investment Research | April 26, 2024
The upcoming report from CVS Health CVS is expected to reveal quarterly earnings of $1.69 per share, indicating a decline of 23.2% compared to the year-ago period. Analysts forecast revenues of $89.22 billion, representing an increase of 4.6% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain CVS Health metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net revenue- Health Services segment' to reach $41.23 billion. The estimate points to a change of -7.5% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenue- Pharmacy & Consumer Wellness Segment' will likely reach $29.67 billion. The estimate points to a change of +6.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Health Care Benefits' should come in at $30.75 billion. The estimate suggests a change of +18.8% year over year.
The consensus estimate for 'Revenue- Health Care Benefits Segment- Services' stands at $1.44 billion. The estimate indicates a change of +4.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Medical benefit ratio (MBR)' should arrive at 88.3%. Compared to the present estimate, the company reported 84.6% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Medical membership - Total' of 26,542.28 thousand. The estimate is in contrast to the year-ago figure of 25,513 thousand.
The consensus among analysts is that 'Medical membership - Medicaid - Total' will reach $2.40 billion. The estimate compares to the year-ago value of $2.79 billion.
The average prediction of analysts places 'Medical membership - Medicare Advantage - Total' at 4,031.44 thousand. The estimate compares to the year-ago value of 3,387 thousand.
Analysts expect 'Medical membership - Commercial - Total' to come in at 18,770.50 thousand. The estimate is in contrast to the year-ago figure of 17,988 thousand.
Analysts predict that the 'Medical membership - Insured - Medicare Supplement' will reach $1.35 billion. Compared to the present estimate, the company reported $1.34 billion in the same quarter last year.
It is projected by analysts that the 'Pharmacy claims processed' will reach 463.11 million. The estimate is in contrast to the year-ago figure of 587.3 million.
Analysts' assessment points toward 'Medical membership - ASC - Commercial' reaching 14,253.67 thousand. Compared to the present estimate, the company reported 14,039 thousand in the same quarter last year.
CVS Health shares have witnessed a change of -15.6% in the past month, in contrast to the Zacks S&P 500 composite's -3.2% move. With a Zacks Rank #4 (Sell), CVS is expected underperform the overall market performance in the near term.
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CVS Health $CVS just confirmed it will be reporting Q1 earnings before the markets open on Wednesday, May 1st
By: Evan | April 1, 2024
CVS Health $CVS just confirmed it will be reporting Q1 earnings before the markets open on Wednesday, May 1st
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Looking great so far.. let's go
$CVS higher in pre-market following a double earnings beat
By: TrendSpider | February 7, 2024
• $CVS higher in pre-market following a double earnings beat.
~EPS: $2.12 vs $1.99 est
~SALES: $93.81B vs $90.36B est
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Is the Worst Over for CVS Health Stock?
By: Schaeffer's Investment Research | January 29, 2024
• The security could bounce off the 80-day trendline
• CVS shed more than 16% in the last 12 months
CVS Health Corp (NYSE:CVS) stock was last seen up 0.6% at $73.40, extending a bounce off the $70 level. While the security carries a 16.9% year-over-year deficit and last week fell under its 50-day moving average for the first time since December, there's indication this underperformance could soon be a thing of the past. CVS Health stock's most recent pullback placed it within a trendline with historically bullish implications.
Specifically, CVS is within one standard deviation of its 80-day trendline. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, the security saw no fewer than five similar signals in the last three years, defined for this study as having traded north of this moving average 80% of the time during the last two months, and in eight of the past 10 trading days.
CVS was higher one month later in 80% of those instances, with an average 3.9% gain. A move of similar magnitude from its current perch would place the security back above $76.
Over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 10-day call/put volume ratio sits in the 80th percentile of its annual range. This means an unwinding of pessimism could boost CVS.
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Healthcare Stocks Slide After Humana Forecast
By: Schaeffer's Investment Research | January 18, 2024
• Humana's disappointing 2023 profit outlook is weighing on healthcare sector
• Humana stock is trading at two-year lows after the report
The healthcare sector is taking a hit after Humana Inc (NYSE:HUM) today slashed its 2023 profit outlook, citing higher-than-anticipated medical costs in the fourth quarter. UnitedHealth Group Inc (NYSE:UNH) and CVS Health Corp (NYSE:CVS) are two notable names falling after the report, as both extend an already rocky start to 2024.
At last glance, Humana stock is trading at two-year lows, down 10.9% at $398.84 -- earlier as low as $390.50 -- and on the short sell restricted (SSR) list. Since last January, HUM is down 17.5%. So far in the options pits, 20,000 calls and 23,000 puts have been exchanged, which is already 4.2 times the average daily volume. The January 2026 400-strike put is the most popular, where new positions are being opened.
Meanwhile, UnitedHealth Group stock was last seen down 2.8% at $510.04, hitting $497.96 at its lowest level today. Sinking below its 140-day moving average, which previously caught a pullback this month, the equity is currently grappling with its 200- and 320-day trendlines. Since last January, the security is up 7.1%. In the options pits, UNH is seeing three times the volume typically seen at this point, with the most activity at the January 500 put.
The shares of CVS Health stock were last seen down 4.6% at $73.42, though potential support lingers just below at the 80-day moving average, as well as former pressure at the $72 region. Today's drop has the stock on track for its seventh daily loss in the last eight sessions. Year-over-year, the equity is down 16.7%. Options traders are targeting CVS at triple the usual intraday volume as well, with new positions being opened at the most active contract, the January 70 put.
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I like the buy rating and the $94 price target set by HSBC.
After the stock has rallied 10 points
CVS sell-off overdone says HSBC, Walgreens Boots Alliance 'execution risks are significant'
By: Investing | December 22, 2023
HSBC initiated CVS Health (NYSE:CVS) with a Buy rating and Walgreens Boots Alliance (NASDAQ:WBA) with a Hold rating in a note to clients Friday, stating healthcare business models have been in constant flux.
While the market is still quite fragmented, HSBC believes there are attractive growth opportunities.
CVS was assigned a $94 per share price target, implying a potential 21.7% upside from current levels. The bank said the company has an attractive and undervalued moat and is trading at a steep discount to historical levels.
In addition, HSBC said that with the company's shares "down roughly 18% LTM (vs SPX up by 23% over the same period)," the sell-off "appears overdone."
WBA was assigned a $27 per share price target. HSBC believes the company requires operational discipline to improve its execution, boost overall performance, and restore profitability.
Furthermore, while WBA faces "near-term operational challenges," it could unlock value, but the "execution risks are significant," according to analysts.
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Earnings expectations now reset for CVS says BofA as stock rally extends
By: Investing | December 6, 2023
CVS Health (NYSE:CVS) stock has continued to rally on Wednesday, extending a two-day rally to as much as 8.6%.
The surge follows the pharmacy chain's positive 2024 revenue guidance and the introduction of a new reimbursement model aimed at simplifying drug pricing.
Walgreens Boots (NASDAQ:WBA), a peer in the industry, also saw an increase of up to 4.2%.
Analysts at Bank of America view CVS's adjusted earnings growth expectations as appropriately reset for the intermediate term and believe the new reimbursement model could have a significant impact on the prescription ecosystem.
The firm maintains a Buy rating with a price target of $86.
“Overall, CVS has a differentiated brand versus other health plans (given the retail/consumer footprint) which uniquely positions CVS to engage with members across the continuum. CVS’ introduction of a new CVS Health app that integrates an entire member’s experience into one smartphone application creates optionality for synergies between operating segments and we expect the company to speak about this more over time.”
“Further, CVS’ segment level detail provided us with increased confidence the company can execute against and outperform mid-to-high single digit EPS growth targets.”
CVS's year-to-date decline now stands at 21%.
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CVS Health adds 2% as 2024 revenue outlook tops estimates
By: Investing | December 5, 2023
CVS Health (NYSE:CVS) has forecasted revenue for 2024 to be at least $366 billion, which exceeds the current Street estimate of $345.5 billion.
The company anticipates adjusted earnings per share of at least $8.50, in line with the consensus, with the cash flow from operations projected to be at least $12.5 billion. Updates were shared ahead of the company’s 2023 Investor Day.
CVS shares rose 2.2% on the news.
CVS Health also said it plans to introduce a new pharmacy reimbursement model called CVS CostVantage, aimed at evolving the traditional reimbursement model and providing greater transparency and simplicity.
"We are leading with an approach that will shift how our retail pharmacy is compensated by implementing a more transparent and sustainable model that fairly aligns pharmacy reimbursement to the quality services we provide," said Prem Shah, PharmD, executive vice president, Chief Pharmacy Officer and President, Pharmacy and Consumer Wellness, CVS Health.
This new approach is scheduled to be launched with pharmacy benefit managers (PBMs) for commercial payors in 2025.
The company also reaffirmed its financial guidance for the year 2023. It continues to see adjusted EPS at $8.60 (up or down 10 cents) on revenue in the range of $351.5-357.3 billion.
The average analyst estimate is $8.60 for FY23 EPS on revenue of $353.7 billion.
"We are successfully executing on our strategy to advance the future of health care while unlocking new value for consumers," said CVS Health President and CEO Karen S. Lynch.
CVS Health has approved a quarterly dividend of $0.665 cents per share, marking a 10% increase from the previous dividend of $0.605 cents per share. The dividend will be payable on February 1, 2024, to shareholders of record as of January 22, 2023.
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Bridgewater Associates LP Acquires 212,648 Shares of CVS Health Co. (CVS)
By: MarketBeat | November 24, 2023
• Bridgewater Associates LP boosted its holdings in CVS Health Co. (NYSE:CVS) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,686,418 shares of the pharmacy operator's stock after buying an additional 212,648 shares during the period. CVS Health makes up about 1.1% of Bridgewater Associates LP's investment portfolio, making the stock its 17th biggest position. Bridgewater Associates LP owned approximately 0.21% of CVS Health worth $185,712,000 at the end of the most recent quarter...
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CVS Health Giant Prepares for Earnings Call
By: Schaeffer's Investment Research | October 31, 2023
• CVS Health is set post earnings before the market opens tomorrow
• CVS has a history of positive post-earnings moves
Pharmaceutical concern CVS Health Corp (NYSE:CVS) will enter the earnings confessional before the open tomorrow. The mean analyst earnings estimate is $2.13 per share, with revenue expected to rise to $88.25 billion year on year for the third quarter.
Looking back at CVS Health's last eight quarterly reports, the company's shares tend to move higher after earnings. Over the last two years, all but two post-earnings sessions finished positive. The security averaged a 4.4% swing, regardless of direction, the day after reporting results, and the options pits are pricing in a nearly 8.4% move this time around.
Ahead of the event, CVS Health stock was last seen 0.6% higher at $68.44, though it's struggled for most of the year on the charts, down 26.4% in 2023. A mid-August bear gap sent CVS to its lowest level since November 2020, just above the $64.50 mark. The equity pulled sharply back last week as well, though the $66 level stepped up to stymie the losses.
In the options pits, CVS sports 50-day put/call volume ratio of 1.17 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits higher than 92% of all other readings from the past 12 months, suggesting a much healthier appetite for puts over the last 10 weeks.
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CVS Health Co. (CVS) Shares Acquired by C2C Wealth Management LLC
By: MarketBeat | September 30, 2023
• C2C Wealth Management LLC lifted its position in shares of CVS Health Co. (NYSE:CVS) by 46.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,769 shares of the pharmacy operator's stock after buying an additional 11,373 shares during the quarter. C2C Wealth Management LLC's holdings in CVS Health were worth $2,555,000 at the end of the most recent quarter...
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CVS Health announces quarterly dividend
Source: PR Newswire (US)
WOONSOCKET, R.I., Sept. 21, 2023 /PRNewswire/ -- CVS Health (NYSE: CVS) has announced that its board of directors has approved a quarterly dividend of sixty and a half cents ($0.605 cents) per share on the Common Stock of the Corporation. The dividend is payable on November 1, 2023, to holders of record on October 20, 2023.
About CVS Health
CVS Health® is the leading health solutions company, broadening access to care for millions of people nationwide. We improve the health of communities across America through our local presence, digital channels and with over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. We support individuals with their health – whether that's managing health conditions, staying compliant with their medications or accessing affordable health services in the most convenient ways. Our goal is to create seamless connections across the health care system, simplifying the experience and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
CVS Health logo (PRNewsFoto/CVS Health)
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cvs-health-announces-quarterly-dividend-301935002.html
SOURCE CVS Health Corporation
Copyright 2023 PR Newswire
CVS Health Co. (CVS) Stake Lifted by Renaissance Technologies LLC
By: MarketBeat | September 9, 2023
• Renaissance Technologies LLC increased its stake in shares of CVS Health Co. (NYSE:CVS) by 97.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,069,953 shares of the pharmacy operator's stock after buying an additional 2,508,500 shares during the quarter. CVS Health comprises approximately 0.5% of Renaissance Technologies LLC's holdings, making the stock its 23rd largest position. Renaissance Technologies LLC owned 0.40% of CVS Health worth $376,748,000 at the end of the most recent reporting period...
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10 Most Oversold S&P 500 Stocks - $CVS $DLTR $C $JNJ make the list
By: Barchart | September 2, 2023
• 10 Most Oversold S&P 500 Stocks - $CVS $DLTR $C $JNJ make the list.
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$CVS Amazon's good news was bad news for this one. Tailed and recovered 66, that is the spot to hold now
By: Options Mike | August 20, 2023
• $CVS Amazon's good news was bad news for this one. Tailed and recovered 66, that is the spot to hold now.
Gap above if they shake this off.
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Blue Shield of California looks to cut reliance on CVS, taps Amazon
By: Investing.com | August 17, 2023
(Reuters) -Non-profit insurer Blue Shield of California plans to depend less on CVS Health (NYSE:CVS) as its pharmacy benefit manager and work with others such as Amazon.com (NASDAQ:AMZN) and Mark Cuban's drug firm to reduce reliance on companies that negotiate drug prices.
CVS shares slid over 6%, while rivals Cigna (NYSE:CI) Group and UnitedHealth Group (NYSE:UNH), which also have pharmacy benefit management units, fell 5% and 1%, respectively, in early trade.
Pharmacy benefit managers (PBMs), which maintain lists of drugs covered by health insurance plans and negotiate prices with manufacturers, have recently come under scrutiny from lawmakers for their role in rising healthcare costs.
Blue Shield, which has health plans that cover 4.8 million members, said it will now work with five different companies, including Mark Cuban Cost Plus Drug Company, to provide "convenient, transparent access to medications while lowering costs".
"Many in the industry will likely be watching this situation closely as managing the five partnerships could prove tricky , but if it (Blue Shield) is successful, we could see additional regionals move more in a similar direction," said Elizabeth Anderson, analyst at Evercore ISI.
Blue Shield will still retain CVS Caremark for its specialty pharmacy services, while Amazon will provide delivery of prescription medications as well as upfront pricing. Mark Cuban Cost Plus Drug Company will work to reduce surprise drug costs at the pharmacy pick-up counter.
"We look forward to providing care for Blue Shield of California's members who require complex, specialty medications – as we have for nearly two decades," CVS said in a statement.
Privately held Abarca will pay prescription drug claims, while smaller PBM Prime Therapeutics would work with Blue Shield to negotiate savings with drugmakers, the non-profit insurer said.
Blue Shield said it expects to save up to $500 million in annual drug costs once its multi-year strategy is fully implemented.
The loss of the Blue Shield pharmacy benefit management contract is another blow to Caremark, which is also set to lose the contract to manage Centene (NYSE:CNC)'s $40 billion annual pharmacy needs from next year.
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CVS Health lowers 2024 guidance despite second-quarter profit beat
By: Investing.com | August 2, 2023
CVS Health (NYSE:CVS) reported better-than-expected profit and revenue in the second quarter, but higher medical costs and a sweeping restructuring push led the healthcare giant to lower its 2024 earnings outlook and scrap its 2025 guidance.
Adjusted earnings per shares during the three months until the end of June slipped to $2.21 from $2.53 last year, but still beat consensus estimates of $2.13. Meanwhile, revenue rose 10.3% to $88.92 billion, topping forecasts of $86.41 billion.
"Our diversified business model delivered strong results this quarter," Chief Executive Officer Karen S. Lynch said in a statement. "We continue to execute on our strategy to expand access to health services across our care delivery channels and strengthen our engagement with consumers to improve their health and well-being."
According to Reuters, the Rhode Island-based pharmacy chain said that it would slash about 5,000 non-customer facing roles in order to control expenses following a string of acquisitions. CVS recently purchased home health care services firm Signify Health for $8B and primary care provider Oak Street Health for $10.6B in a bid to expand the scope of the business beyond health insurance and pharmacies.
The group booked a restructuring charge of $496 million that was linked to the layoffs and other impairments, Reuters added.
Meanwhile, CVS backed its 2023 adjusted earnings guidance of $8.50 to $8.70. However, it expects its medical benefit ratio -- a ratio of claims paid to premium collected -- to come in at the higher end of its outlook of 84.7%, plus or minus 50 basis points. The number, which is used by CVS to gauge the performance of its insurance unit, has come under scrutiny following a post-COVID surge in demand for elective surgeries that were delayed during the pandemic.
The company also cut its 2024 adjusted income outlook, citing the impact of both the strategic overhaul and the elevated medical expenses. Chief Financial Officer Shawn Guertin said in a conference call that the firm now sees profit next year at between $8.50 to $8.70 a share, down from the prior forecast of $9 per share. Its 2025 adjusted earnings per share guidance of $10 was also withdrawn.
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CVS Health (CVS) beats profit estimates, starts restructuring to cut costs
By: Investing.com | August 2, 2023
(Reuters) - CVS Health Corp reported better-than-expected second-quarter earnings on Wednesday, and said it had begun implementing a restructuring program to cut costs after a recent spree of acquisitions.
The company has been expanding beyond health insurance and pharmacies with its buyouts of primary-care provider Oak Street Health and home healthcare services firm Signify Health.
CVS Health (NYSE:CVS), which completed the acquisitions earlier this year, has flagged higher-than-expected transaction and integration costs related to the deals.
The company said it recorded $496 million in pre-tax charges related to a restructuring program it started during the quarter to rein in costs.
CVS, which has a large retail pharmacy chain, a health insurance business and a pharmacy benefit management (PBM) unit, has said it would pause acquisitions in the near term but may look at "additional opportunities" over a longer timeframe.
Excluding items, the company reported a profit of $2.21 per share, above analysts' average estimate of $2.11 per share, boosted by strength in its PBM unit, which negotiates drug prices with manufacturers.
Sales at CVS' health services segment, which contains its PBM unit, rose 7.6% to $46.22 billion in the reported quarter compared with a year earlier.
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READING $CVS/ [Valuation Analysis] Buy CVS before the Aetna acqusition is completed.
https://www.valuestocksblog.com/valuation-series/2018/1/13/valuation-analysis-buy-cvs-before-the-aetna-acqusition-is-completed
READING $CVS/ AETNA/ Aetna Acquisition
On December 3rd, 2017 CVS and Aetna (NYSE: AET), an American health insurance company, announced that they reached an agreement for CVS to acquire Aetna. The transaction is expected to close in the second half of 2018. It is subject to approval by CVS Health and Aetna shareholders, regulatory approvals and other customary closing conditions.
https://www.valuestocksblog.com/valuation-series/2018/1/13/valuation-analysis-buy-cvs-before-the-aetna-acqusition-is-completed
o Aetna Overview
· The third largest health insurance company in the U.S. with about 6% market share, serving an estimated 44.6 million people.
o Potential impact of the acquisition (synergy, etc.)
· Aetna currently has $61 billion in revenue. The combination of CVS and Aetna will most likely make the largest health care company in the U.S. in terms of the revenue.
CVS Caremark
CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors, and their members. As one of the country's largest pharmacy benefit managers (PBMs), we provide plan sponsors and participants access to a network of approximately 64,000 pharmacies including more than 7,100 CVS/pharmacy stores.
We employ approximately 200,000 colleagues in 41 states, the District of Columbia, and Puerto Rico. As of September 30, 2010, we operated 7,152 retail stores, 569 MinuteClinic locations, 44 retail specialty pharmacy stores, 18 specialty mail order pharmacies, five mail service pharmacies, and our CVS.com and Caremark.com Web sites.
Quick Facts
* Headquarters located in Woonsocket, R.I.
* More than $99 billion in annual revenue
* Ranked 18th on Fortune 500 for 2010
* No. 1 provider of prescriptions – more than 1 billion prescriptions filled or managed annually
* No. 1 Specialty Pharmacy
* Largest employer of Pharmacists and Nurse Practitioners
* 75 percent of the U.S. population lives within three miles of a CVS
* No. 1 Retail Clinic Operator
* More than 8 million MinuteClinic patient visits to date
* No. 1 Retail Loyalty Program – more than 65 million active ExtraCare customers
For further information, contact:
Michael P. McGuire
Senior Director, Investor Relations
CVS Caremark Corporation
1 CVS Drive, Woonsocket, RI 02895
401-770-4050
The Nation’s Largest Provider of Prescriptions Filling or Managing More Than One Billion Prescriptions Annually
Verified Internet Pharmacy Practice Site (VIPPS)
A Program of the National Association of Boards of Pharmacy
Caremark.com
www.caremark.com
Corporation Caremark Rx, LLC | Phone 847-559-4700 |
Address 2211 Sanders Road Northbrook, IL 60062 | Per Lofberg President |
State of Incorporation CA | Experience Operating a Pharmacy Since June 1979 |
Retail Pharmacy
Step inside any of our more than 7,000 CVS/pharmacy locations from coast to coast, and you'll see that we have the prescription medications, related health care products, and other remedies you need "for all the ways you care." More than 20,000 highly trained Pharmacists are available to dispense prescriptions as well as helpful advice. We make things "CVS easy" for our pharmacy customers by offering 24-hour or extended-hours service in the pharmacy in 72 percent of our locations. Sixty percent of our stores provide drive-thru pharmacy windows as well. We also have more than 560 in-store MinuteClinic locations up and running, with more coming throughout 2010.
In the front of the store, customers appreciate our wide selection of popular beauty, health, and personal care brands as well as an assortment of exceptional brands not available at any other U.S. drugstore. Among them, our CVS/pharmacy store brand cough and cold products offer high-quality alternatives for value-conscious consumers. Our selection of proprietary brands includes favorites such as Cristophe® , Essence of Beauty®, Nuprin® , Playskool® , and Skin Effects by Dr. Jeffrey Dover®. CVS store brands as well as proprietary and other limited distribution products, with their higher margins, accounted for approximately 14 percent of our front-store sales in 2007. We are going to aggressively grow this business and expect it to represent 18 to 20 percent of front-store sales in the next three to five years.
Beauty is one of our core categories in the front of the store, and CVS/pharmacy was named Mass Beauty Retailer of the Year at the 2007 Women's Wear Daily Beauty Biz Awards.
Thomas M. Ryan
Chairman of the Board and Chief Executive Officer of CVS Caremark Corporation
Thomas M. Ryan, age 57, Chairman of CVS Caremark Corporation since November 2007 and Chief Executive Officer of CVS Caremark Corporation since May 1998; was President of CVS Caremark Corporation from May 1998 to May 2010; Chairman of CVS Corporation from April 1999 until March 2007; also President and CEO of CVS Pharmacy, Inc. from 1994 to 2007. Currently Director of Bank of America Corporation, and Yum! Brands, Inc.
Larry J. Merlo
President and Chief Operating Officer of CVS Caremark Corporation and President of CVS/pharmacy
Larry J. Merlo, age 55, President and Chief Operating Officer of CVS Caremark Corporation since May 2010. President of CVS/pharmacy since January 2007. Was Executive Vice President of CVS Caremark Corporation from January 2007 to May 2010; Executive Vice President - Stores of CVS Corporation from April 2000 to January 2007; and Executive Vice President - Stores of CVS Pharmacy, Inc. from March 1998 to January 2007. Currently Chairman, National Association of Drugs Stores.
Per Lofberg
Executive Vice President of CVS Caremark Corporation and President of Caremark Pharmacy Services
Per Lofberg, age 63, is President of Caremark Pharmacy Services, a position he assumed in January 2010. Previously, Mr. Lofberg was President and CEO of Generation Health. He is also the co-founder and served as CEO of Merck Capital Ventures; served as Chairman of Merck-Medco Managed Care LLC, which later became Medco Health Solutions; and, spent 15 years with Boston Consulting Group (BCG) in Boston, New York and Munich, West Germany. As President, he has responsibility for all facets of the PBM business.
Troyen A. Brennan, M.D., M.P.H.
Executive Vice President and Chief Medical Officer
Troyen A. Brennan, M.D., M.P.H, age 55, is Executive Vice President and Chief Medical Officer of CVS Caremark. Prior to joining CVS Caremark, Dr. Brennan was Chief Medical Officer of Aetna Inc. From 2000 to 2005, Dr. Brennan served as President and CEO of Brigham and Women's Physician's Organization. In his academic work, he was Professor of Medicine at Harvard Medical School, and Professor of Law and Public Health at Harvard School of Public Health. Dr. Brennan received his M.D. and M.P.H. degrees from Yale Medical School and his J.D. degree from Yale Law School. He completed his internship and residency in internal medicine at Massachusetts General Hospital. He is a member of the Institute of Medicine of the National Academy of Sciences.
David M. Denton
Executive Vice President and Chief Financial Officer of CVS Caremark Corporation
David M. Denton, age 45, is Executive Vice President and Chief Financial Officer of CVS Caremark Corporation, since January 2010. He previously held the position of Senior Vice President and Controller/Chief Accounting Officer of CVS Caremark Corporation, from March 2008 to December 2009; Senior Vice President, Financial Administration of CVS Caremark Corporation and CVS Pharmacy, Inc. from April 2007 until March 2008; Senior Vice President, Finance and Controller of PharmaCare Management Services, Inc., the Company’s pharmacy benefits management subsidiary, from October 2005 through April 2007. He has been with the Company since July 1999.
Lisa Bisaccia
Senior Vice President and Chief Human Resources Officer of CVS Caremark Corporation
Lisa Bisaccia, age 54, has been Senior Vice President and Chief Human Resources Officer of CVS Caremark Corporation since January 2010. She most recently served as Vice President of Human Resources. Since joining CVS Caremark in 2004, Mrs. Bisaccia has led major human resources initiatives including enhancing compensation practices, outsourcing human resources processing functions, and successfully managing all human resources support for the Retail business.
Douglas A. Sgarro
Executive Vice President and Chief Legal Officer of CVS Caremark Corporation and President of CVS Realty Co.
Douglas A. Sgarro, age 51, Executive Vice President and Chief Legal Officer of CVS Caremark Corporation and CVS Pharmacy, Inc. since March 2004 and President of CVS Realty Co., a real estate development company and a division of CVS Pharmacy, Inc. since October 1999; Senior Vice President and Chief Legal Officer of CVS Corporation and CVS Pharmacy, Inc. from September 1997 to March 2004. Mr. Sgarro is a graduate of Hamilton College and the University of Virginia Law School. He is a director of the United States Chamber of Commerce.
Jonathan C. Roberts
Executive Vice President and Chief Operating Officer, PBM
Jonathan C. Roberts, 54, is Executive Vice President of CVS Caremark, and Chief Operating Officer of the company’s PBM division, a position he has held since October 2010. Prior to that he served as EVP of Rx Purchasing, Pricing and Network Relations, from January 2009 to October 2010; Senior Vice President and Chief Information Officer of CVS Caremark Corporation from January 2006 until January 2009; Senior Vice President - Store Operations of CVS/pharmacy, Inc. from August 2002 until December 2005; and Area Vice President of Stores from April 1997 through August 2002.
Helena Foulkes
Executive Vice President and Chief Marketing Officer, CVS Caremark Corporation
Helena B. Foulkes, age 46, is the Executive Vice President and Chief Marketing Officer, CVS Caremark Corporation, a position she has held since January 2009. Previously, Ms. Foulkes was Senior Vice President of Health Services of CVS Pharmacy, Inc., from October 2007 through January 2009, Senior Vice President, Marketing and Operations Services from January 2007 through October 2007, and Senior Vice President, Advertising and Marketing from April 2002 to January 2007. In her fifteen-plus years with the Company, Ms. Foulkes has held positions in Marketing and Operations Services, Strategic Planning, Visual Merchandising and Category Management. She is a graduate of Harvard College and received an M.B.A. from Harvard Business School.
Stuart M. McGuigan
Senior Vice President and Chief Information Officer (CIO), CVS Caremark
Stuart M. McGuigan, age 52, is Senior Vice President and Chief Information Officer of CVS Caremark Corporation, a position he has held since December 2008. Previously, Mr. McGuigan was Senior Vice President and Chief Information Officer of Liberty Mutual Group from September 2004 to December 2008, and was Deputy Chief Information Officer and Senior Vice President of Liberty Mutual from February 2004 to September 2004; from 2000 to February 2004, Mr. McGuigan was Senior Vice President – Information Technology of Medco Health Solutions, Inc. He has served on the Board of Directors of NetScout, Inc. since 2005. In 2010, he was appointed to the Rhode Island Science and Technology Advisory Council (STAC).
Laird Daniels
Senior Vice President, Controller and Chief Accounting Officer of CVS Caremark Corporation
Laird Daniels, age 41, is Senior Vice President, Controller and Chief Accounting Officer of CVS Caremark Corporation, a position he assumed in January 2010. Previously, Mr. Daniels was Vice President of Finance and Retail Controller for CVS/pharmacy. He joined CVS Caremark in 1997.
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