Cardinal Health, Inc. (CAH) Position Boosted by Security National Bank of SO Dak

Security National Bank of SO Dak lifted its stake in Cardinal Health, Inc. (NYSE:CAH) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,965 shares of the company’s stock after purchasing an additional 275 shares during the quarter. Security National Bank of SO Dak’s holdings in Cardinal Health were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Cardinal Health by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 23,642,277 shares of the company’s stock valued at $1,842,205,000 after purchasing an additional 440,967 shares during the period. BlackRock Inc. boosted its position in shares of Cardinal Health by 6.5% in the 2nd quarter. BlackRock Inc. now owns 22,843,418 shares of the company’s stock valued at $1,779,958,000 after purchasing an additional 1,398,496 shares during the period. State Street Corp boosted its position in shares of Cardinal Health by 1.1% in the 1st quarter. State Street Corp now owns 16,790,201 shares of the company’s stock valued at $1,369,247,000 after purchasing an additional 176,331 shares during the period. Franklin Resources Inc. boosted its position in shares of Cardinal Health by 72.1% in the 2nd quarter. Franklin Resources Inc. now owns 6,283,529 shares of the company’s stock valued at $489,613,000 after purchasing an additional 2,632,836 shares during the period. Finally, FMR LLC boosted its position in shares of Cardinal Health by 47.1% in the 1st quarter. FMR LLC now owns 5,915,289 shares of the company’s stock valued at $482,391,000 after purchasing an additional 1,895,089 shares during the period. Institutional investors and hedge funds own 87.98% of the company’s stock.

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Cardinal Health, Inc. (CAH) traded up 1.26% during midday trading on Tuesday, hitting $65.74. The stock had a trading volume of 618,089 shares. Cardinal Health, Inc. has a 52 week low of $62.70 and a 52 week high of $84.88. The firm has a market cap of $20.80 billion, a P/E ratio of 16.31 and a beta of 0.86. The stock has a 50-day moving average of $67.19 and a 200-day moving average of $73.19.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $32.97 billion during the quarter, compared to analysts’ expectations of $32.73 billion. Cardinal Health had a return on equity of 26.20% and a net margin of 0.99%. Cardinal Health’s revenue for the quarter 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. Analysts forecast that Cardinal Health, Inc. will post $4.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.4624 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.85%. Cardinal Health’s dividend payout ratio is currently 45.79%.

A number of equities analysts recently weighed in on the company. UBS AG reiterated a “neutral” rating and issued a $76.00 price target (down previously from $79.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $87.00 price target (up previously from $81.00) on shares of Cardinal Health in a research report on Thursday, July 13th. BidaskClub lowered Cardinal Health from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Cardinal Health from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $77.00 price target (down previously from $82.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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