CVS Health Corp. Stock

Description CVS Health

CVS Health Corporation is a retail pharmacy company that is headquartered in Rhode Island, USA. The company offers a variety of health services and products, including pharmacy benefit management, retail pharmacy, clinical services, and medical services. The company operates more than 9,800 retail pharmacy locations across the United States, making it one of the largest pharmacy chains in the country.

The stock symbol for CVS Health is "CVS" and it is listed on the New York Stock Exchange (NYSE). As of June 2021, the stock has a market capitalization of over $98 billion, and it is a member of both the S 500 and the Dow Jones Industrial Average. The company has a diverse revenue stream, with the majority of its revenue coming from its pharmacy benefits management business segment, which accounts for roughly 70% of total revenues. The company has consistently delivered steady financial performance and is often considered a stable, defensive investment choice.

Competitors of CVS Health

The most important competitors of CVS Health (Symbol CVS) include:

1. Walgreens Boots Alliance Inc. (Symbol WBA) - Walgreens is a leading pharmacy retailer in the U.S., with over 9,000 drugstores in 50 states. It operates under the Walgreens and Duane Reade brands and offers a range of services, including in-store clinics, immunizations, and prescription fulfillment.

2. Rite Aid Corporation (Symbol RAD) - Rite Aid is a pharmacy retailer with over 2,400 stores across the U.S. It offers pharmacy services, health and wellness products, and over-the-counter medications. Rite Aid also operates RediClinic, a retail clinic concept that provides basic healthcare services.

3. Walmart Inc. (Symbol WMT) - Walmart is a multinational retail corporation that operates discount department stores, hypermarkets, and grocery stores globally. Its pharmacy division, Walmart Pharmacy, provides prescription drugs, over-the-counter medications, and health and wellness products.

4. Amazon.com Inc. (Symbol AMZN) - Amazon has recently entered the healthcare market and is rapidly expanding its portfolio of online pharmacy services. The e-commerce giant acquired PillPack, an online pharmacy, in 2018 and launched Amazon Pharmacy in 2020.

5. UnitedHealth Group Inc. (Symbol UNH) - UnitedHealth Group is one of the largest healthcare companies in the U.S., with a range of businesses, including insurance, healthcare services, and pharmacy benefit management. Its pharmacy division, OptumRx, provides pharmacy benefit management services to health plans, employers, and government programs.

Suppliers of CVS Health

CVS Health is a healthcare company that provides pharmacy and healthcare services. As such, the most important suppliers for CVS are likely to be pharmaceutical and healthcare product manufacturers. Some of the major suppliers for CVS Health include:

1. Pfizer Inc.: CVS is one of the largest buyers of Pfizer's prescription drugs, making Pfizer a key supplier for CVS.

2. Merck Co. Inc.: Merck is another major supplier of prescription drugs for CVS.

3. Johnson Johnson: As a diversified healthcare company, Johnson Johnson supplies a wide range of products to CVS, including prescription drugs, medical devices, and consumer healthcare products.

4. Novartis International AG: Novartis is a global pharmaceutical company that supplies various prescription drugs to CVS.

5. GlaxoSmithKline Plc: GlaxoSmithKline is another major pharmaceutical company that supplies prescription drugs to CVS.

6. Cardinal Health Inc.: Cardinal Health is a healthcare services company that supplies a range of products to CVS, including pharmaceuticals, medical supplies, and equipment.

7. McKesson Corporation: McKesson is a healthcare services company that supplies pharmaceuticals, medical supplies, and technology solutions to CVS.

Overall, the most important suppliers for CVS are likely to be pharmaceutical and healthcare product manufacturers, as the company relies on these products to provide healthcare services to its customers.