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 ...

WOONSOCKET, R.I., Jan. 12, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) will hold a conference call with analysts and investors on Wednesday, February 7, 2024, at 8:00 a.m. ET to discuss fourth quarter and full year 2023 financial results.An audio webcast of the event will be broadcast simultaneously on the Investor Relations portion of the CVS Health website at investors.cvshealth.com where it will be archived for a period of one year. CVS Health logo (PRNewsFoto/CVS Health) About CVS HealthCVS Health ...

CVS Health Corp (NYSE:CVS) plans to shut some of the pharmacies located in American retailer Target Corporation (NYSE:TGT)'s department stores from next month, according to reports.   The move forms part of efforts by CVS, which trades shares on the London and New York stock exchanges, to reduce the number of stores on the ground as it shifts its strategy towards being a health service provider.   CVS is expected to close pharmacies from February through to April, and dozens of pharmacies could be shuttered ...

Miami Beach, Florida, Target discount department store, CVS pharmacy, feminine hygiene products. ... [+] (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)Jeffrey Greenberg/Universal Images Group via Getty ImagesCVS Health, which paid nearly $2 billion to buy the pharmacy and clinic business of retail giant Target eight years ago, is shuttering “select CVS Pharmacy in Target locations in early 2024,” the drugstore giant said Thursday.CVS has more than 9,000 total CVS Pharmacy locations, i ...

CVS Health said Thursday it will close some pharmacies that operate inside Target stores during the first several months of the year.The closures will begin in February and be completed by the end of April, a company spokesperson said. Prescriptions will be transferred to a nearby CVS Pharmacy prior to closing, the spokesperson added.The Wall Street Journal reported dozens of pharmacies are affected.The closures will begin in February and be completed by the end of April, CVS said. CVS Health via AP ImagesU ...