OLD Republic International Corp boosted its stake in Cardinal Health Inc (NYSE:CAH) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,000 shares of the company’s stock after acquiring an additional 42,000 shares during the quarter. OLD Republic International Corp owned 0.16% of Cardinal Health worth $25,758,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CAH. LFA Lugano Financial Advisors SA bought a new stake in Cardinal Health in the 3rd quarter valued at $108,000. NEXT Financial Group Inc bought a new stake in Cardinal Health in the 3rd quarter valued at $111,000. First Hawaiian Bank bought a new stake in Cardinal Health in the 3rd quarter valued at $125,000. Sentry Investment Management LLC bought a new stake in Cardinal Health in the 2nd quarter valued at $132,000. Finally, Exane Asset Management bought a new stake in Cardinal Health in the 2nd quarter valued at $153,000. 90.59% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Cardinal Health from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Royal Bank of Canada set a $60.00 price objective on shares of Cardinal Health and gave the company a “hold” rating in a research report on Friday, September 21st. Mizuho reissued a “hold” rating and set a $53.00 price target on shares of Cardinal Health in a research report on Sunday, August 12th. Robert W. Baird cut their price target on shares of Cardinal Health from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. Finally, Argus cut their price target on shares of Cardinal Health from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, July 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $61.33.
Shares of NYSE:CAH opened at $50.60 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.32. Cardinal Health Inc has a one year low of $48.14 and a one year high of $75.75. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.63 and a beta of 1.02.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Monday, August 6th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. Cardinal Health had a net margin of 0.19% and a return on equity of 22.59%. The firm had revenue of $35.35 billion for the quarter, compared to analysts’ expectations of $34.38 billion. During the same period in the previous year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that Cardinal Health Inc will post 5.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were given a dividend of $0.4763 per share. The ex-dividend date was Friday, September 28th. This is a boost from Cardinal Health’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 3.77%. Cardinal Health’s payout ratio is 38.20%.
Cardinal Health Company 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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