Kwmg LLC Has $1.50 Million Stake in Cardinal Health, Inc. (CAH)
Kwmg LLC increased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,389 shares of the company’s stock after purchasing an additional 1,971 shares during the quarter. Kwmg LLC’s holdings in Cardinal Health were worth $1,498,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Cardinal Health by 31.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after purchasing an additional 382 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Cardinal Health by 18.4% during the second quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock worth $136,000 after purchasing an additional 270 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Cardinal Health by 14.3% during the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock worth $152,000 after purchasing an additional 244 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Cardinal Health during the second quarter worth approximately $164,000. Finally, First Personal Financial Services boosted its holdings in shares of Cardinal Health by 127.5% during the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock worth $172,000 after purchasing an additional 1,238 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.
Several research firms recently commented on CAH. Argus cut shares of Cardinal Health from a “buy” rating to a “hold” rating in a report on Wednesday. UBS AG reiterated a “neutral” rating and issued a $76.00 target price (down from $79.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Cardinal Health in a research note on Sunday, September 10th. Jefferies Group LLC reduced their target price on shares of Cardinal Health from $77.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $77.00 target price (down from $82.00) on shares of Cardinal Health in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.81.
Shares of Cardinal Health, Inc. (NYSE:CAH) traded up $0.34 during mid-day trading on Wednesday, reaching $57.41. 3,738,459 shares of the company were exchanged, compared to its average volume of 2,335,240. Cardinal Health, Inc. has a fifty-two week low of $56.69 and a fifty-two week high of $84.88. The company has a market capitalization of $18,350.83, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.69 and a beta of 0.88. 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 (NYSE:CAH) last announced its earnings results on Monday, November 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.09. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The business had revenue of $32.64 billion for the quarter, compared to analyst estimates of $33.48 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Cardinal Health’s revenue was up 1.9% compared to the same quarter last year. equities analysts anticipate that Cardinal Health, Inc. will post 4.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.4624 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, December 29th. Cardinal Health’s dividend payout ratio (DPR) is currently 53.78%.
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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