Security National Bank of Sioux City Iowa IA boosted its stake in Cardinal Health, Inc. (NYSE:CAH) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,255 shares of the company’s stock after acquiring an additional 40 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Cardinal Health were worth $1,033,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in Cardinal Health by 31.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after acquiring an additional 382 shares during the period. JFS Wealth Advisors LLC raised its position in shares of Cardinal Health by 14.3% in the second quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock valued at $152,000 after purchasing an additional 244 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Cardinal Health in the second quarter valued at approximately $164,000. First Personal Financial Services raised its position in shares of Cardinal Health by 127.5% in the second quarter. First Personal Financial Services now owns 2,209 shares of the company’s stock valued at $172,000 after purchasing an additional 1,238 shares during the period. Finally, Sun Life Financial INC raised its position in shares of Cardinal Health by 16,228.6% in the second quarter. Sun Life Financial INC now owns 2,286 shares of the company’s stock valued at $178,000 after purchasing an additional 2,272 shares during the period. 87.98% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on CAH. BidaskClub lowered shares of Cardinal Health from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Credit Suisse Group lowered their price target on shares of Cardinal Health from $87.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. UBS AG reissued 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 Wednesday, August 9th. Cowen and Company reissued 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. Finally, Zacks Investment Research lowered shares of Cardinal Health from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.81.
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Cardinal Health (NYSE:CAH) last released its earnings results on Wednesday, August 2nd. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. Cardinal Health had a net margin of 0.99% and a return on equity of 26.20%. The company had revenue of $32.97 billion for the quarter, compared to analysts’ expectations of $32.73 billion. During the same quarter last year, the business earned $1.14 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts expect that Cardinal Health, Inc. will post $4.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.4624 per share. This represents a $1.85 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, September 29th. Cardinal Health’s payout ratio is 45.79%.
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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