Cardinal Health, Inc. (CAH) Stake Lifted by Baupost Group LLC MA

Baupost Group LLC MA lifted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,530,000 shares of the company’s stock after purchasing an additional 500,000 shares during the quarter. Cardinal Health accounts for approximately 2.1% of Baupost Group LLC MA’s portfolio, making the stock its 14th largest position. Baupost Group LLC MA owned about 0.80% of Cardinal Health worth $169,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank of Sioux City Iowa IA grew its holdings in shares of Cardinal Health by 0.3% during the second 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 in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Cardinal Health by 0.5% during the second quarter. Wetherby Asset Management Inc. now owns 8,392 shares of the company’s stock worth $654,000 after purchasing an additional 44 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Cardinal Health by 1.2% during the second quarter. Bessemer Group Inc. now owns 4,238 shares of the company’s stock worth $330,000 after purchasing an additional 51 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Cardinal Health by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,468 shares of the company’s stock worth $1,829,000 after purchasing an additional 68 shares in the last quarter. Finally, Farmers National Bank grew its holdings in shares of Cardinal Health by 1.9% during the second quarter. Farmers National Bank now owns 4,902 shares of the company’s stock worth $382,000 after purchasing an additional 90 shares in the last quarter. 88.47% of the stock is owned by institutional investors.

Shares of Cardinal Health, Inc. (NYSE CAH) opened at $61.02 on Tuesday. 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. The firm has a market capitalization of $19,230.00, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Monday, November 6th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $33.48 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. equities research analysts forecast that Cardinal Health, Inc. will post 4.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be given a $0.4624 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.85 annualized dividend and a yield of 3.03%. Cardinal Health’s payout ratio is currently 53.94%.

Several brokerages have recently commented on CAH. UBS reissued a “neutral” rating and set a $76.00 price objective (down previously from $79.00) on shares of Cardinal Health in a report on Wednesday, August 9th. Deutsche Bank began coverage on Cardinal Health in a research report on Monday. They issued a “hold” rating and a $64.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of Cardinal Health in a research report on Thursday, October 12th. Zacks Investment Research downgraded Cardinal Health from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, Jefferies Group dropped their target price on Cardinal Health from $77.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.91.

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Cardinal Health Company 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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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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