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Institutional Investor Buys CVS Health Shares as Earnings Beat

CVS Health logoCVS Health
Sig1.85Sen+2.55Env0.00Soc0.00Gov0.00

An institutional investor increased its stake in CVS Health by buying 2,708,631 shares valued at about $280.2 million. CVS reported quarterly earnings of $2.58 per share, topping the $1.87 consensus, and declared a quarterly dividend paid on Monday, August 3. Shares were down 0.4%, while multiple analysts raised price targets and maintained buy ratings.

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