Cardinal Health, Inc. (CAH) Holdings Boosted by ETRADE Capital Management LLC
ETRADE Capital Management LLC grew its position in Cardinal Health, Inc. (NYSE:CAH) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,983 shares of the company’s stock after purchasing an additional 3,940 shares during the quarter. ETRADE Capital Management LLC’s holdings in Cardinal Health were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of CAH. Bronfman E.L. Rothschild L.P. raised its stake in shares of Cardinal Health by 31.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock valued at $123,000 after acquiring an additional 382 shares during the period. Advisory Services Network LLC raised its stake in shares of Cardinal Health by 18.4% in the second quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock valued at $136,000 after acquiring an additional 270 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Cardinal Health by 14.3% in the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock valued at $152,000 after acquiring an additional 244 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Cardinal Health in the second quarter valued at $164,000. Finally, First Personal Financial Services raised its stake in shares of Cardinal Health by 127.5% in the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock valued at $172,000 after acquiring an additional 1,238 shares during the period. Institutional investors and hedge funds own 88.50% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. UBS AG reissued a “neutral” rating and issued a $76.00 target price (down previously from $79.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Cardinal Health in a research note on Sunday, September 10th. Jefferies Group LLC set a $77.00 price target on shares of Cardinal Health and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Cowen Inc reaffirmed a “market perform” rating and issued a $77.00 price target (down previously from $82.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $73.00 price target on shares of Cardinal Health in a research note on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $74.81.
Shares of Cardinal Health, Inc. (NYSE CAH) opened at $56.37 on Monday. The company has a market cap of $17,734.23, a P/E ratio of 10.70, a P/E/G ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.06 and a quick ratio of 0.52. Cardinal Health, Inc. has a 12 month low of $54.66 and a 12 month high of $84.88.
Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Monday, November 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $32.64 billion during the quarter, compared to analysts’ expectations of $33.48 billion. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. analysts anticipate that Cardinal Health, Inc. will post 4.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.4624 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, December 29th. Cardinal Health’s dividend payout ratio (DPR) is 53.78%.
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About Cardinal Health
Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.
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