I purchased a new company for my portfolio CVS Health Corp (CVS).
15 Shares @ $80.25 on 5-15-2017
This will increase my forward 12-months dividend income by $30.00 to a total of $3,635.66
I updated my Portfolio to reflect the change.
I find CVS to be a great buy at these level. Here are some numbers to prove why I think it is a great buy right now.
Current PE: 16.41
Forward PE: 13.7
2016 EPS: $4.91
2017 Estimate EPS: $5.86
2018 Estimate EPS: $6.38
Dividend Payout: 37.06%
Currently, the Divided yield is at 2.53%. The 5-year average is 1.46% With the payout being so low, it means that there is plenty of money for sustainable high dividend growth rate.
S&P Capital IQ Fair Value: $102.60
My DDM Analysis: $109.89
As you see above, CVS is very much undervalued right now. I plan to add more at this level as money becomes available to me.
Thanks for reading.
Do you like CVS at these prices? What have you been buying?
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