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Year-to-date, CVS Caremark Corporation’s (NYSE:CVS) shares are up 10.5 percent. On Tuesday, the company reported its second quarter earnings. Net income rose 18.4 percent to $966 million (75 cents per share) from the previous year’s $816 million (60 cents per share).
Revenue also increased in the second quarter by 15.3 percent to $30.7 billion from the year-earlier quarter. The quarter’s numbers exceeded analysts expectations on CVS Caremark’s adjusted net income of 81 cents per share. Analysts had forecast 79 cents per share on $30.31 billion in revenues.
For the last five quarters, the company has incurred double-digit year-over-year percentage revenue growth along with four consecutive quarters of net income increases.
With the second quarter numbers exceeding analysts’ estimates, will CVS Caremark’s largest shareholders increase their holdings? 444 institutional firms indicated owning shares of CVS Caremark Corporation (NYSE:CVS) in Q2 2012. These firms reported owning a total of 166.296 million shares on 06/30/2012. The shares closed at $46.57 on 06/30/2012.
Here are the ten largest positions in CVS Caremark Corporation at the end of June 30th, 2012.
Aberdeen Asset Management PLC/UK held 19,945,877 shares on 06/30/2012 worth $932,070,823. This brought the portfolio total to 4.12%.
Bank of New York Mellon Corp held 18,100,655 shares on 06/30/2012 worth $845,843,600. This brought the portfolio total to 0.33%.
UBS Global Asset Management Americas Inc held 13,491,746 shares on 06/30/2012 worth $630,469,284. This brought the portfolio total to 0.74%.
Harris Associates LP held 6,384,760 shares on 06/30/2012 worth $298,359,832. This brought the portfolio total to 0.74%.
Alliancebernstein L.P. held 5,785,985 shares on 06/30/2012 worth $270,379,076. This brought the portfolio total to 0.31%.
First Manhattan Co held 4,920,084 shares on 06/30/2012 worth $229,915,523. This brought the portfolio total to 1.69%.
Veritas Asset Management (UK) Ltd. held 3,681,336 shares on 06/30/2012 worth $172,028,830. This brought the portfolio total to 8.69%.
Schwab Charles Investment Management Inc held 3,638,849 shares on 06/30/2012 worth $170,043,412. This brought the portfolio total to 0.49%.
Mitsubishi UFJ Trust & Banking Corp held 3,581,830 shares on 06/30/2012 worth $167,378,914. This brought the portfolio total to 0.49%.
Sound Shore Management Inc /CT/ held 3,397,489 shares on 06/30/2012 worth $158,764,659. This brought the portfolio total to 3.19%.
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