Insider Selling: Falk T. Stephen Sells 17,926 Shares of Cardinal Health Stock (CAH)
Cardinal Health (NYSE:CAH) EVP Falk T. Stephen unloaded 17,926 shares of Cardinal Health stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $65.56, for a total value of $1,175,228.56. Following the completion of the transaction, the executive vice president now directly owns 24,239 shares in the company, valued at approximately $1,589,109. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
CAH has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Cardinal Health in a research note to investors on Tuesday. They now have a $83.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Cardinal Health from $73.00 to $83.00 in a research note to investors on Friday, January 31st. Finally, analysts at Raymond James raised their price target on shares of Cardinal Health from $75.00 to $77.00 in a research note to investors on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Cardinal Health has an average rating of “Buy” and an average price target of $67.36.
Shares of Cardinal Health (NYSE:CAH) traded down 0.29% during mid-day trading on Wednesday, hitting $65.37. 2,599,201 shares of the company’s stock traded hands. Cardinal Health has a 52-week low of $41.42 and a 52-week high of $69.51. The stock has a 50-day moving average of $67.12 and a 200-day moving average of $58.66. The company has a market cap of $22.357 billion and a P/E ratio of 60.20.
Cardinal Health (NYSE:CAH) last released its earnings data on Friday, January 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.05. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $20.74 billion. Analysts expect that Cardinal Health will post $3.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 1.85%.
Cardinal Health, Inc is a healthcare services company providing products and services that help pharmacies, hospitals, surgery centers, physician offices and other healthcare providers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.