Stock Update (NYSE:AET): The Aetna Foundation Awards More Than $3 Million in Grants to Support Healthy Eating and Exercise in Local Communities

[Business Wire] – The Aetna Foundation today announced that they have awarded more than $3 million in community grants to 75 nonprofit organizations in 22 states as part of GoLocal: Cultivating Healthy Communities, a program that helps healthy food choices and active living take root in underserved communities. Read more on this. Aetna Inc. (AET) , currently valued at $37.96B, began trading this morning at $108.73. Today’s price range has been between $107.71 and $109.41 per share with its 52-week range being $87.25 to $134.40. AET shares are currently priced at 14.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.15x forward p/e ratio. And for passive income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 0.95%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $1.20 per share, which would be $0.02 worse than the year-ago quarter and a $0.13 sequential decrease. The full-year EPS estimate is $7.52 which would be a $0.82 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.95 Billion. If realized, that would be a 1.22% increase over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded AET from Neutral to Buy (Jul 30, 2015). Previously, FBR Capital downgraded AET from Outperform to Mkt Perform. When considering if perhaps the stock is under or overvalued, the average price target is $139.47, which is 28.27% above where the stock opened this morning. See more in (NYSE:AET) Similar Articles: Stock Update: Aetna Inc (NYSE:AET) – Aetna Introduces Medicare Advantage Plan with Uniontown Hospital Stock Update: Aetna Inc (NYSE:AET) – Aetna Announces Special Shareholder Meeting Will Be Held October 19, 2015 Stock Update: Aetna Inc (NYSE:AET) – Aetna and MemorialCare Announce New Accountable Care Collaboration in Southern California