As C V S Caremark (CVS) Share Price Declined, Cortland Associates Has Decreased Its Stake by $1.71 Million; As Textron (TXT) Share Price Declined, State Board Of Administration Of Florida Retirement System Decreased Its Stake by $427,127

February 15, 2018 - By Linda Rogers

Cortland Associates Inc decreased its stake in C V S Caremark Corp (CVS) by 4.04% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Associates Inc sold 21,096 shares as the company’s stock declined 4.23% while stock markets rallied. The institutional investor held 500,926 shares of the medical and nursing services company at the end of 2017Q3, valued at $40.74M, down from 522,022 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in C V S Caremark Corp for a number of months, seems to be less bullish one the $70.73 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $69.82. About 1.21M shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since February 15, 2017 and is downtrending. It has underperformed by 41.10% the S&P500.

State Board Of Administration Of Florida Retirement System decreased its stake in Textron Inc (TXT) by 1.97% based on its latest 2017Q3 regulatory filing with the SEC. State Board Of Administration Of Florida Retirement System sold 8,059 shares as the company’s stock declined 3.85% while stock markets rallied. The institutional investor held 401,758 shares of the aerospace company at the end of 2017Q3, valued at $21.65 million, down from 409,817 at the end of the previous reported quarter. State Board Of Administration Of Florida Retirement System who had been investing in Textron Inc for a number of months, seems to be less bullish one the $15.62B market cap company. The stock increased 0.83% or $0.49 during the last trading session, reaching $59.29. About 432,213 shares traded. Textron Inc. (NYSE:TXT) has risen 23.87% since February 15, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Since August 16, 2017, it had 0 insider purchases, and 6 sales for $58.12 million activity. Denton David M had sold 237,078 shares worth $18.88M on Monday, September 11. $7.19 million worth of stock was sold by Moriarty Thomas M on Monday, September 11. 85,743 shares valued at $7.13 million were sold by Roberts Jonathan C on Monday, September 18. SWIFT RICHARD J also sold $199,050 worth of CVS Health Corporation (NYSE:CVS) shares. Foulkes Helena sold $3.22 million worth of stock.

Among 25 analysts covering CVS Health (NYSE:CVS), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. CVS Health had 72 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Wednesday, August 16 report. SunTrust maintained it with “Buy” rating and $90.0 target in Thursday, January 4 report. The stock has “Hold” rating by Robert W. Baird on Wednesday, January 17. The rating was maintained by Oppenheimer on Monday, November 2 with “Outperform”. The firm has “Outperform” rating given on Friday, January 22 by Robert W. Baird. The rating was maintained by Citigroup on Friday, November 3 with “Neutral”. The firm has “Hold” rating given on Thursday, August 20 by Deutsche Bank. Mizuho maintained the shares of CVS in report on Wednesday, November 9 with “Buy” rating. The stock of CVS Health Corporation (NYSE:CVS) earned “Buy” rating by SunTrust on Friday, October 13. The firm earned “Outperform” rating on Friday, February 9 by Leerink Swann.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.04, from 0.92 in 2017Q2. It dropped, as 60 investors sold CVS shares while 571 reduced holdings. 88 funds opened positions while 466 raised stakes. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. 7,832 were reported by Confluence Wealth Mngmt Ltd Liability Com. King Luther Cap holds 159,034 shares or 0.11% of its portfolio. Marble Harbor Inv Counsel Ltd Llc reported 2,921 shares or 0.05% of all its holdings. Eaton Vance Management holds 1.75 million shares or 0.37% of its portfolio. Hills Bancshares Communication accumulated 45,236 shares or 1.15% of the stock. Bancshares Of Nova Scotia has 528,272 shares. Vanguard Gp Incorporated holds 77.53 million shares or 0.29% of its portfolio. Magellan Asset Mngmt Limited holds 917 shares. 104,375 are held by Westchester Incorporated. Kj Harrison Prtn holds 48,255 shares or 1.35% of its portfolio. Kentucky Retirement Systems reported 0.38% of its portfolio in CVS Health Corporation (NYSE:CVS). Rand Wealth Ltd Liability Corporation has invested 0.33% in CVS Health Corporation (NYSE:CVS). Comml Bank Of The Ozarks holds 0.62% or 18,549 shares in its portfolio. Liberty Mutual Grp Inc Asset Mngmt Inc owns 0.19% invested in CVS Health Corporation (NYSE:CVS) for 42,472 shares. Plante Moran Limited Liability Co holds 0.26% or 5,435 shares.

Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of TXT in report on Thursday, September 7 with “Buy” rating. Drexel Hamilton downgraded the shares of TXT in report on Thursday, January 28 to “Hold” rating. Deutsche Bank maintained Textron Inc. (NYSE:TXT) on Monday, December 5 with “Hold” rating. The rating was maintained by Jefferies on Monday, July 24 with “Buy”. The firm has “Outperform” rating given on Thursday, January 28 by RBC Capital Markets. The stock of Textron Inc. (NYSE:TXT) earned “Buy” rating by Jefferies on Sunday, February 4. The firm has “Buy” rating given on Friday, August 25 by Jefferies. The stock has “Buy” rating by Cowen & Co on Wednesday, October 11. Morgan Stanley initiated Textron Inc. (NYSE:TXT) on Thursday, June 23 with “Underweight” rating. The rating was maintained by Jefferies on Monday, January 8 with “Buy”.

State Board Of Administration Of Florida Retirement System, which manages about $36.69B US Long portfolio, upped its stake in Lilly Eli & Co (NYSE:LLY) by 11,922 shares to 1.43M shares, valued at $122.04 million in 2017Q3, according to the filing. It also increased its holding in Manpowergroup Inc (NYSE:MAN) by 2,770 shares in the quarter, for a total of 102,016 shares, and has risen its stake in Ardmore Shipping Corp (NYSE:ASC).

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