5 Cheap Retail Stocks to Buy

3. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 70

One-Year Average Price Estimate: $112.71

CVS Health Corporation (NYSE:CVS) was trading at around $76 as of mid-day trading on April 5, while the stock’s one-year price target by analysts is $112.71. This price target shows a strong upside potential from current levels.  CVS Health Corporation (NYSE:CVS) is also a dividend payer. CVS Health Corporation (NYSE:CVS) recently declared a quarterly dividend of $0.605 per share. CVS Health Corporation (NYSE:CVS)’s dividend yield stands at over 3%. The latest dividend is payable on May 1 to shareholders of record as of April 21.

At the end of the fourth quarter of 2022, 70 hedge funds tracked by Insider Monkey held stakes in CVS Health Corporation (NYSE:CVS). The most notable stakeholders of CVS Health Corporation (NYSE:CVS) are AQR Capital Management ($396 million), Bridgewater Associates ($255 million) and Adage Capital Management ($125 million).