Cardinal Health, Inc. (CAH) Position Trimmed by C WorldWide Group Holding A S
C WorldWide Group Holding A S cut its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,307 shares of the company’s stock after selling 3,075 shares during the quarter. C WorldWide Group Holding A S’s holdings in Cardinal Health were worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Cardinal Health by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 23,642,277 shares of the company’s stock worth $1,842,205,000 after purchasing an additional 440,967 shares during the period. BlackRock Inc. raised its holdings in shares of Cardinal Health by 6.5% in the 2nd quarter. BlackRock Inc. now owns 22,843,418 shares of the company’s stock worth $1,779,958,000 after purchasing an additional 1,398,496 shares during the period. Franklin Resources Inc. raised its holdings in shares of Cardinal Health by 72.1% in the 2nd quarter. Franklin Resources Inc. now owns 6,283,529 shares of the company’s stock worth $489,613,000 after purchasing an additional 2,632,836 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Cardinal Health by 71.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,557,123 shares of the company’s stock worth $277,191,000 after purchasing an additional 1,482,285 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Cardinal Health by 58.7% in the 3rd quarter. American Century Companies Inc. now owns 2,976,776 shares of the company’s stock worth $199,206,000 after purchasing an additional 1,100,507 shares during the period. Institutional investors own 87.26% of the company’s stock.
A number of equities analysts have recently commented on CAH shares. Royal Bank Of Canada started coverage on Cardinal Health in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $72.00 price objective on the stock. BidaskClub downgraded Cardinal Health from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. UBS AG restated a “neutral” rating and issued a $76.00 price objective (down from $79.00) on shares of Cardinal Health in a report on Wednesday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Cardinal Health in a report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Cardinal Health from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $74.81.
Cardinal Health, Inc. (NYSE CAH) traded down $2.01 during mid-day trading on Friday, hitting $58.55. The stock had a trading volume of 8,061,600 shares, compared to its average volume of 3,498,619. The company has a current ratio of 1.06, a quick ratio of 0.80 and a debt-to-equity ratio of 1.35. Cardinal Health, Inc. has a fifty-two week low of $57.54 and a fifty-two week high of $84.88. The firm has a market capitalization of $18,420.06, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.69 and a beta of 0.88.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Monday, November 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Cardinal Health had a return on equity of 25.24% and a net margin of 0.84%. The firm had revenue of $32.64 billion during the quarter, compared to analyst estimates of $33.48 billion. During the same quarter last year, the firm earned $1.24 EPS. Cardinal Health’s quarterly revenue was up 1.9% on a year-over-year basis. research analysts expect that Cardinal Health, Inc. will post 4.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.4624 per share. The ex-dividend date is Friday, December 29th. This represents a $1.85 dividend on an annualized basis and a yield of 3.16%. Cardinal Health’s dividend payout ratio (DPR) is presently 53.78%.
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Cardinal Health Profile
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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