The two investments will reduce the company's carbon footprint by nearly 114,000 metric tons annuallyWOONSOCKET, R.I., Jan. 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced two agreements that total 264,000-megawatt hours with Constellation to purchase zero-emission, renewable energy equivalent to the annual electricity use of nearly 1,000 CVS Health locations in California, Washington, D.C., Delaware, Maryland and New Jersey. CVS Health adds two new renewable energy projects with Constel ...

Tyson Foods will become one of the first Fortune 100 companies to stop using the nation's traditional large pharmacy benefits managers, as it looks to cut spending on high-cost drugs.   After putting its benefits contract up for bid, Tyson dropped CVS Health's Caremark and chose PBM startup Rightway to manage drug benefits for its 140,000 employees starting this year, the companies said Wednesday. Rightway guarantees that it can save employers 15% on pharmacy costs by using a transparent model where it pass ...

Is Walgreens Stock's Dividend Safe Now? patty_c / Getty Images A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear. Recognizing when a dividend is stable and safe can be a challenge. Yet, certain metrics can offer clear signs for the investor looking to establish or shore up such a portfolio. What do these metrics tell us about the quarterly dividend at Walgreens Boots Alliance Inc. (NASDAQ: WBA)?The most recent Walgreens payout w ...

Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the proliferation of multiple loyalty programs can complicate the consumer experience and pose challenges for both customers and retailers. CVS Pharmacy, the retail division of CVS Health, acknowledged this challenge and responded by streamlining its ExtraCare loyalty program. The recent move involved ...

Bloomberg/Bloomberg via Getty Images This article was co-produced with Chuck Walston. Although I characterize myself as a largely buy-and-hold investor, I'll admit I kicked CVS Health Corporation (NYSE:CVS) stock to the curb when the company froze its dividend. I did this even though I understood the logic behind management's decision. Back in 2017, CVS made a bold move to acquire Aetna, a health insurance company, for $77 billion, including debt assumption. That acquisition caused CVS's leverage ratios to ...

In the latest trading session, CVS Health (CVS) closed at $73.22, marking a -0.89% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.The drugstore chain and pharmacy benefits manager's stock has dropped by 6.03% in the past month, falling short of the Retail-Wholesale sector's loss of 0.02% and the S&P 500's gain of 0.94%.The investment community will be paying close attention to the earning ...

CVS Health (CVS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this drugstore chain and pharmacy benefits manager have returned +1.5% over the past month versus the Zacks S&P 500 composite's +1.2% change. The Zacks Retail - Pharmacies and Drug Stores industry, to which CVS Health belongs, has gained 1.4% over this period. Now the key question is: Where ...

Key PointsCVS plans to close dozens of pharmacies in Target stores beginning in February.The retail pharmacy industry has been grappling with challenges, impacting CVS, Walgreens and Rite-Aid.CVS's long-term strategy includes closing around 900 stores and shifting towards becoming a healthcare-focused company.5 stocks we like better than CVS HealthAfter CVS Health Corp. NYSE: CVS said it would shutter dozens of pharmacies in Target Corp. NYSE: TGT stores, the stock immediately declined by 3%, but in the Jan ...

ToplineA spate of pharmacy closings in Boston have drawn protests as more than 1,000 drug store chain locations across the country have closed, reigniting long standing concerns that low-income, Black and Latino Americans are bearing the brunt as pharmacies continue to disappear amid increased competition and other factors.A Walgreens pharmacy and store closing sign at entrance, Queens, New York. UCG/Universal Images Group via Getty Images Key FactsRite Aid, Walgreens and CVS have, over the last two years, ...

Telehealth stocks fell off the collective radar somewhat post-pandemic. But betting against the sector isn’t smart because healthcare’s future is undoubtedly anchored in virtual offerings for routine and non-emergent care. While some claim the pandemic accelerated telehealth by as much as 10 years, it’s inarguable that we’ve entered a new era of at-home primary and specialty care.Last year, more than 20% of all adults had at least one telehealth visit, and the overall utilization rate increased more than 60 ...