Atlantic Trust Group LLC Invests $3.69 Million in Cardinal Health, Inc. (CAH)
Atlantic Trust Group LLC bought a new stake in Cardinal Health, Inc. (NYSE:CAH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 55,050 shares of the company’s stock, valued at approximately $3,685,000.
Several other institutional investors and hedge funds have also made changes to their positions in CAH. Security National Bank of Sioux City Iowa IA raised its position in shares of Cardinal Health by 0.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,255 shares of the company’s stock valued at $1,033,000 after acquiring an additional 40 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cardinal Health by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,468 shares of the company’s stock valued at $1,829,000 after acquiring an additional 68 shares in the last quarter. Farmers National Bank raised its position in shares of Cardinal Health by 1.9% during the 2nd quarter. Farmers National Bank now owns 4,902 shares of the company’s stock valued at $382,000 after acquiring an additional 90 shares in the last quarter. AMG Funds LLC raised its position in shares of Cardinal Health by 0.6% during the 2nd quarter. AMG Funds LLC now owns 20,000 shares of the company’s stock valued at $1,558,000 after acquiring an additional 114 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Cardinal Health by 1.8% during the 2nd quarter. Pacer Advisors Inc. now owns 11,580 shares of the company’s stock valued at $902,000 after acquiring an additional 209 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on CAH. Needham & Company LLC reissued a “hold” rating on shares of Cardinal Health in a research report on Sunday, September 10th. Robert W. Baird reissued a “hold” rating and set a $73.00 price target on shares of Cardinal Health in a research report on Sunday, September 17th. Royal Bank of Canada began coverage on Cardinal Health in a research report on Tuesday, September 19th. They set a “sector perform” rating and a $72.00 price target on the stock. Mizuho set a $70.00 price target on Cardinal Health and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Cowen raised Cardinal Health to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $73.91.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Monday, November 6th. The company reported $1.09 EPS for the quarter, topping the Zacks’ 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 period in the prior year, the business earned $1.24 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. analysts anticipate that Cardinal Health, Inc. will post 4.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a $0.4624 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.97%. Cardinal Health’s payout ratio is 53.94%.
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Cardinal Health 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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