CVS Caremark Corporation (CVS) surges 7.66% at 11:47AM EST on Tuesday after the company revealed it would boost its quarterly dividend by about 30%. It seems that Cramer is right about CVS on Friday. Now the stock is trading at $39.36, up 7.66% or $2.80 from the close price on Monday.
Here is a list of hedge funds that may gain tons of money after the price rise.
1. Relational Investors – Ralph V. Whitworth: gains $39.79 million
2. Highfields Capital Management – Jonathon Jacobson: gains $33.79 million
3. First Pacific Advisors – Robert Rodriguez and Steven Romick: gains $22.57 million
4. Fir Tree – Jeffrey Tannenbaum: gains $18.98 million
5. Berkshire Hathaway – Warren Buffett: gains $15.85 million
6. Visium Asset Management – Jacob Gottlieb: gains $9.58 million
7. Greenlight Capital – David Einhorn: gains $9.42 million
8. Legg Mason Capital Management – Bill Miller: gains $9.01 million
9. David E. Shaw – D. E. Shaw: gains $7.84 million
10. Omega Advisors – Leon Cooperman: gains $7.49 million
DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in CVS since the end of September. We did not take into account their option positions.