Livforsakringsbolaget Skandia Omsesidigt Reduces Stake in Cardinal Health Inc (CAH)
Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of Cardinal Health Inc (NYSE:CAH) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 52,999 shares of the company’s stock after selling 4,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cardinal Health were worth $3,247,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Security National Bank of Sioux City Iowa IA increased its holdings in shares of Cardinal Health by 0.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,255 shares of the company’s stock worth $1,033,000 after purchasing an additional 40 shares during the period. Farmers National Bank increased its stake in Cardinal Health by 1.9% in the second quarter. Farmers National Bank now owns 4,902 shares of the company’s stock valued at $382,000 after acquiring an additional 90 shares during the period. Advisory Services Network LLC increased its stake in 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. Security National Bank of SO Dak increased its stake in Cardinal Health by 3.2% in the second quarter. Security National Bank of SO Dak now owns 8,965 shares of the company’s stock valued at $699,000 after acquiring an additional 275 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Cardinal Health by 2.3% in the second quarter. Ameritas Investment Partners Inc. now owns 15,232 shares of the company’s stock valued at $1,185,000 after acquiring an additional 345 shares during the period. Institutional investors own 88.36% of the company’s stock.
Shares of Cardinal Health Inc (CAH) opened at $71.71 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 1.06. The firm has a market cap of $22,855.95, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. Cardinal Health Inc has a 52 week low of $54.66 and a 52 week high of $84.88.
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, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. The firm had revenue of $32.64 billion for 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 company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. sell-side analysts predict that Cardinal Health Inc will post 5.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.4624 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.85 annualized dividend and a yield of 2.58%. Cardinal Health’s dividend payout ratio is 53.78%.
CAH has been the topic of a number of analyst reports. Robert W. Baird reissued a “hold” rating and issued a $80.00 target price on shares of Cardinal Health in a research note on Wednesday. ValuEngine cut shares of Cardinal Health from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Argus cut shares of Cardinal Health from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Deutsche Bank initiated coverage on shares of Cardinal Health in a research note on Monday, December 4th. They issued a “hold” rating and a $64.00 target price on the stock. Finally, Morgan Stanley cut shares of Cardinal Health from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.58.
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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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