Recent Buy – October – CVS Health, Walgreens Boots Alliance, Express Scripts, Macy's

October was a really busy month for me. I saw some opportunities on the stock market to improve my portfolio and increase my forward dividend income.

I bought a few shares of CVS Health (CVS) at $73.09 which gives me 2.74% dividend yield. CVS Health is a dividend contender, which increased it's dividend in the last 14 years. After my purchase the price went down more, so I am thinking about to buy more shares of the company.

(Source: www.finviz.com)

I bought Walgreens Boots Alliance (WBA) shares at $67.36 which means 2.38% dividend yield for me. WBA is a dividend aristocrat, which increased it's dividend in the last 42 years.

(Source: www.finviz.com)

I like to build my portfolio from companies, that reguraly pays me dividends, but sometimes I saw great companies such as Alphabet (GOOGL) or Express Scripts (ESRX) on prices, that are good for me. I thought that the Express Scripts will be a good investment, so I bought it at $57.01.

Finally, at the end of the month, I bought the shares of Macy's at $19.02 which gives me 7.94% dividend yield.

(Source: www.finviz.com)

Full disclosure: Long CVS, WBA, GOOGL, ESRX, M

Recent Buy – TEVA

Teva Pharmaceutical Industries Limited (TEVA) is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines.

Yesterday TEVA reported second quarter 2017 financial reports, lowered the 2017 business outlook and announced second quarter 2017 dividend of 8.5 cents, down 75% from 34 cents in the first quarter of 2017. Because of the negative news the share price of TEVA presented a huge decline, and it closed on $23.75 (-24.00%).

As I saw this decline of the share price, I decided to buy a few shares of TEVA and I successfully bought it at $23.97.

The company has 224.06 P/E ratio, but the forward P/E ratio is 5.05. TEVA has 0.76 Altman Z-Score, which means that it is in Distress Zone. The Debt/Equity ratio stands at 1.14, but most of them are long-term debt. (LT Debt/Equity: 1.08) I understand that the most of the investors don't like the dividend cut, but I think that the dividend cut will help the company to decrease the debt pile. I know that it is a very risky investment, but I believe that the company worth more.

Full disclosure: Long TEVA.

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