Ally Financial Inc. Continues to Hold Holdings in Cardinal Health, Inc. (CAH)
Ally Financial Inc. maintained its position in Cardinal Health, Inc. (NYSE:CAH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock at the close of the second quarter. Ally Financial Inc.’s holdings in Cardinal Health were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in Cardinal Health by 31.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after buying an additional 382 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Cardinal Health by 14.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock worth $152,000 after buying an additional 244 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Cardinal Health during the 2nd quarter worth approximately $164,000. First Personal Financial Services lifted its holdings in Cardinal Health by 127.5% during the 2nd quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock worth $172,000 after buying an additional 1,238 shares in the last quarter. Finally, Alpha Windward LLC lifted its holdings in Cardinal Health by 0.7% during the 2nd quarter. Alpha Windward LLC now owns 2,299 shares of the company’s stock worth $179,000 after buying an additional 17 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.
Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $32.97 billion during the quarter, compared to analyst estimates of $32.73 billion. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be given a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, September 29th. Cardinal Health’s dividend payout ratio (DPR) is 45.79%.
CAH has been the topic of a number of analyst reports. Vetr lowered shares of Cardinal Health from a “buy” rating to a “hold” rating and set a $77.92 price objective on the stock. in a report on Thursday, June 1st. Royal Bank Of Canada initiated coverage on shares of Cardinal Health in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $72.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and issued a $77.00 price objective on shares of Cardinal Health in a report on Thursday, July 27th. ValuEngine lowered shares of Cardinal Health from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Evercore ISI restated an “outperform” rating on shares of Cardinal Health in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $76.81.
About Cardinal Health
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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