Davis Selected Advisers Acquires 1,356,870 Shares of CVS Health Corporation $CVS

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Davis Selected Advisers significantly increased its stake in CVS Health Corporation by purchasing an additional 1,356,870 shares, bringing its total holdings to over 12.7 million shares valued at approximately $1.01 billion. This makes CVS Health its 6th largest position, representing about 4.6% of the fund’s portfolio. The article highlights positive analyst sentiment with a “Moderate Buy” rating, strong quarterly earnings that beat estimates, and a declared quarterly dividend, despite some near-term margin concerns.

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