On Wednesday April 5, I Bought 13 shares of CVS Health Corporation at $ 77,50 per share plus commission.
CVS Health Corporation, together with its subsidiaries,
provides integrated pharmacy health care services. It operates through Pharmacy
Services and Retail/LTC segments. The Pharmacy Services segment offers pharmacy
benefit management solutions, such as plan design and administration, formulary
management, Medicare Part D services, mail order, specialty pharmacy and
infusion services, retail pharmacy network management services, prescription
management systems, clinical services, disease management programs, and medical
pharmacy management services. This segment serves employers, insurance
companies, unions, government employee groups, health plans, Medicare Part D
plans, managed Medicaid plans, plans offered on public and private exchanges,
other sponsors of health benefit plans, and individuals under the CVS Caremark
Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS Pharmacy, CVS
Specialty, Accordant, SilverScript, NovoLogix, Coram, Navarro Health Services,
and ACS Pharmacy names. As of December 31, 2016, it had 23 retail specialty
pharmacy stores, 13 specialty mail order pharmacies and 4 mail order dispensing
pharmacies, and 84 branches for infusion and enteral services. The Retail/LTC
segment sells prescription drugs, over-the-counter drugs, beauty products and
cosmetics, personal care products, convenience foods, seasonal merchandise, and
greeting cards, as well as offers photo finishing services. It has 9,709 retail
stores in 49 states, the District of Columbia, Puerto Rico, and Brazil
primarily under the CVS Pharmacy, CVS, CVS Pharmacy y más, Longs Drugs, Navarro
Discount Pharmacy, and Drogaria Onofre names; online retail pharmacy Websites;
and 38 onsite pharmacy stores, long-term care pharmacy operations, and retail
health care clinics. The company was formerly known as CVS Caremark Corporation
and changed its name to CVS Health Corporation in September 2014. CVS Health
Corporation was founded in 1892 and is headquartered in Woonsocket, Rhode
Island.
CVS is a Dividend Contenders with a 14 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 21.4, 23.6 , 27.7 and 27.0. (DividendChampions.xls) CVS Health Corporation now pays dividends of $ 0.50 per share normally in February, May, August and November.
If you are interested, you can read analysis of CVS Health Corporation by Simply Safe Dividends here, and by Dividend Growth Investor here.
Details of my purchase:
Some ratings for CVS:
Yahoo:
Mean Recommendation 2.0, 1y Target Est $ 86.36
Reuters: Mean Rating 1.96
Morningstar:
(***')
At today's exchange rate, this purchase 13 shares of CVS
will increase € 18.20 ($ 19.37) of my expected annual net dividend income and
will increase my portfolio's projected annual net dividend income to € 10,910.00. With purchase price $ 77.50 plus commission ($ 5.00) my starting
yield on cost is 2.57%. After this acquisition, CVS's weight of my portfolio is about 0.25%
and its share of future annual dividend income is approximately 0.17%. During this year, I'm planning slowly to build up CVS's share of my portfolio, if the price remains at these levels.
Click here
to see my portfolio.
Full Disclosure: Long CVS
Thanks for stopping by!
nice pickup. I have been seriously looking into starting a position in a pharmacy. The boomers are getting older and pharmacy's should fare nicely.
ReplyDeletelove your diversification!
Hawk -
ReplyDeleteThat's what I'm talking about! I picked up shares this past Tuesday as well, post to come out soon! Love that we both grabbed then and for me - many more potentially!
-Lanny
It has been on my radar for last few weeks,maybe soon.
ReplyDeleteI also opened a new position this week! My analysis is on Seeking Alpha and linked from my blog. There seems to be a lot of buying activity for CVS in the DGI community. In my estimation, shares are discounted by at least 20%, so no wonder.
ReplyDeleteCongratulations and thanks for sharing.
Nice purchase. They have been on my watch list for some time now. Every stock screener I run they show up on so that must tell you something about its current valuation. Seems a lot of people in the DGI community have been picking them up lately. Thanks for sharing.
ReplyDelete