Captrust Financial Advisors lifted its position in Cardinal Health Inc (NYSE:CAH) by 24.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,865 shares of the company’s stock after purchasing an additional 8,583 shares during the quarter. Captrust Financial Advisors’ holdings in Cardinal Health were worth $2,087,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC raised its position in Cardinal Health by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock valued at $917,000 after purchasing an additional 225 shares during the last quarter. Rockland Trust Co. raised its position in shares of Cardinal Health by 1.4% in the 2nd quarter. Rockland Trust Co. now owns 16,807 shares of the company’s stock worth $792,000 after acquiring an additional 231 shares in the last quarter. Securian Asset Management Inc increased its position in Cardinal Health by 0.9% during the 2nd quarter. Securian Asset Management Inc now owns 30,656 shares of the company’s stock valued at $1,444,000 after buying an additional 265 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Cardinal Health by 2.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,595 shares of the company’s stock valued at $688,000 after buying an additional 282 shares in the last quarter. Finally, Loudon Investment Management LLC increased its position in Cardinal Health by 2.3% during the 1st quarter. Loudon Investment Management LLC now owns 12,789 shares of the company’s stock valued at $616,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 88.47% of the company’s stock.
Shares of Cardinal Health stock opened at $47.57 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 1.07. The stock’s fifty day moving average is $45.12 and its 200 day moving average is $46.19. The stock has a market cap of $13.94 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.58 and a beta of 1.29. Cardinal Health Inc has a one year low of $41.03 and a one year high of $58.31.
Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.18. Cardinal Health had a return on equity of 25.96% and a net margin of 0.94%. The business had revenue of $37.35 billion for the quarter, compared to analysts’ expectations of $36.70 billion. During the same period last year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts predict that Cardinal Health Inc will post 4.99 EPS for the current year.
The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a $0.4811 dividend. The ex-dividend date of this dividend is Monday, September 30th. Cardinal Health’s dividend payout ratio is currently 36.36%.
A number of research analysts recently weighed in on the company. Deutsche Bank assumed coverage on Cardinal Health in a research report on Thursday, September 12th. They set a “hold” rating and a $50.00 price objective for the company. Morgan Stanley cut their target price on Cardinal Health from $50.00 to $41.00 and set an “underweight” rating on the stock in a research note on Friday, September 6th. Guggenheim set a $55.00 target price on Cardinal Health and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Argus downgraded Cardinal Health from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.63.
Cardinal Health Profile
Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.
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