Farmers & Merchants Investments Raised Its Cvs Health (CVS) Stake; Altria Group (MO) Had 13 Bulls

November 14, 2017 - By Marie Mckinney

Farmers & Merchants Investments Inc increased Cvs Health Corporation (CVS) stake by 11.42% reported in 2017Q2 SEC filing. Farmers & Merchants Investments Inc acquired 19,947 shares as Cvs Health Corporation (CVS)’s stock declined 4.23%. The Farmers & Merchants Investments Inc holds 194,542 shares with $15.65 million value, up from 174,595 last quarter. Cvs Health Corporation now has $71.06 billion valuation. The stock declined 1.81% or $1.29 reaching $70.15 on the news. About 1.40M shares traded. CVS Health Corp (NYSE:CVS) has declined 24.40% since November 14, 2016 and is downtrending. It has underperformed by 41.10% the S&P500.

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Altria Group Inc. had 50 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Thursday, September 14 with “Buy”. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, March 30. The company was maintained on Monday, June 27 by Stifel Nicolaus. On Tuesday, September 26 the stock rating was upgraded by Cowen & Co to “Outperform”. The stock has “Hold” rating by Jefferies on Thursday, August 24. The rating was maintained by Stifel Nicolaus on Monday, October 23 with “Buy”. Wells Fargo maintained the shares of MO in report on Friday, August 11 with “Buy” rating. As per Thursday, July 30, the company rating was downgraded by Credit Agricole. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Monday, July 31. The rating was reinitiated by Morgan Stanley on Tuesday, November 29 with “Equal-Weight”. See Altria Group Inc (NYSE:MO) latest ratings:

06/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $62.0 Maintain
01/11/2017 Broker: Edward Jones Old Rating: Hold New Rating: Buy Upgrade
30/10/2017 Broker: Citigroup Rating: Buy Old Target: $80 New Target: $75 Maintain
27/10/2017 Broker: UBS Rating: Neutral Old Target: $72 New Target: $68 Maintain
26/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $76.0 Maintain
26/10/2017 Broker: Cowen & Co Rating: Buy New Target: $72.0 Maintain
23/10/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $72.0 Maintain
03/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $62.0 Maintain
26/09/2017 Broker: Jefferies Rating: Hold New Target: $67.0 Maintain
26/09/2017 Broker: Cowen & Co Old Rating: Market Perform New Rating: Outperform Upgrade

Since June 12, 2017, it had 0 insider purchases, and 1 insider sale for $18.44 million activity. On Monday, June 12 the insider Denton David M sold $18.44M.

Investors sentiment decreased to 0.92 in Q2 2017. Its down 0.17, from 1.09 in 2017Q1. It worsened, as 84 investors sold CVS shares while 559 reduced holdings. 108 funds opened positions while 483 raised stakes. 803.96 million shares or 0.96% less from 811.73 million shares in 2017Q1 were reported. Ontario Teachers Pension Plan Board holds 0.91% of its portfolio in CVS Health Corp (NYSE:CVS) for 937,658 shares. Virginia-based Davidson & Garrard Incorporated has invested 1.95% in CVS Health Corp (NYSE:CVS). Louisiana State Employees Retirement Sys owns 0.25% invested in CVS Health Corp (NYSE:CVS) for 63,200 shares. Moreno Evelyn V accumulated 94,431 shares. Hall Laurie J Trustee holds 7,986 shares or 0% of its portfolio. Apg Asset Nv invested in 3.89M shares. Birinyi Associates holds 5,500 shares. Fifth Third Bank & Trust, Ohio-based fund reported 509,531 shares. Maple Cap Management has 90,749 shares. Neuberger Berman Ltd, a New York-based fund reported 2.80 million shares. Sun Life Fin owns 7,353 shares or 0.06% of their US portfolio. Estabrook Capital has invested 0% in CVS Health Corp (NYSE:CVS). Royal Bancorporation Of Canada owns 4.26M shares. Swedbank has 1.77 million shares for 0.95% of their portfolio. Douglass Winthrop Ltd Llc holds 0.65% in CVS Health Corp (NYSE:CVS) or 133,864 shares.

Among 24 analysts covering CVS Health (NYSE:CVS), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. CVS Health had 52 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, August 28 by Oppenheimer. S&P Research maintained it with “Strong Buy” rating and $112 target in Monday, November 2 report. The company was maintained on Friday, June 9 by Jefferies. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The stock of CVS Health Corp (NYSE:CVS) has “Buy” rating given on Thursday, October 6 by UBS. The stock of CVS Health Corp (NYSE:CVS) earned “Buy” rating by Mizuho on Wednesday, November 9. On Monday, August 14 the stock rating was downgraded by Wolfe Research to “Peer Perform”. The rating was initiated by Tigress Financial on Friday, April 28 with “Buy”. The firm earned “Buy” rating on Wednesday, August 19 by Evercore. On Monday, December 12 the stock rating was downgraded by Jefferies to “Hold”.

Farmers & Merchants Investments Inc decreased International Business Machines Corp (NYSE:IBM) stake by 3,000 shares to 7,648 valued at $1.18 million in 2017Q2. It also reduced Chevron Corp (NYSE:CVX) stake by 4,688 shares and now owns 74,286 shares. Abbvie Inc (NYSE:ABBV) was reduced too.

Altria Group, Inc. is a holding company. The company has market cap of $125.81 billion. The Company’s divisions include smokeable products, smokeless products and wine. It has a 8.25 P/E ratio. The Company’s subsidiaries include Philip Morris USA Inc. , which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.01, from 0.9 in 2017Q1. It improved, as 63 investors sold Altria Group Inc shares while 529 reduced holdings. 97 funds opened positions while 444 raised stakes. 1.16 billion shares or 0.78% less from 1.17 billion shares in 2017Q1 were reported. Cobblestone Cap Advsrs Llc has invested 0.11% in Altria Group Inc (NYSE:MO). Quantres Asset Mngmt Ltd reported 6,600 shares. Peddock Advisors Limited Company holds 0.95% of its portfolio in Altria Group Inc (NYSE:MO) for 24,136 shares. Wendell David Assoc owns 5,833 shares. 12,321 were reported by Davis R M. Massmutual Trust Fsb Adv reported 71,232 shares. Hm Capital Limited Liability Company has invested 0.24% in Altria Group Inc (NYSE:MO). 1.64 million were reported by Pictet Asset Mngmt Limited. Regent Inv Management Limited Co owns 0.15% invested in Altria Group Inc (NYSE:MO) for 5,757 shares. Moreover, Cubic Asset Limited Co has 0.1% invested in Altria Group Inc (NYSE:MO) for 4,730 shares. Scotia Cap holds 0.07% or 56,033 shares. Fernwood Ltd reported 65,788 shares or 3.55% of all its holdings. Mitsubishi Ufj Secs Comm holds 530 shares. Wharton Business Grp Limited Liability Company stated it has 3,610 shares. Comerica Securities reported 21,832 shares.

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