Cardinal Health EVP Unloads $187,663 in Stock (CAH)
Cardinal Health (NYSE:CAH) EVP Mark R. Blake sold 2,822 shares of Cardinal Health stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $66.50, for a total value of $187,663.00. Following the transaction, the executive vice president now directly owns 29,119 shares in the company, valued at approximately $1,936,414. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CAH. Analysts at Credit Suisse cut their price target on shares of Cardinal Health from $80.00 to $76.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Cardinal Health in a research note on Friday, May 2nd. They now have a $77.00 price target on the stock. Finally, analysts at Mizuho cut their price target on shares of Cardinal Health from $79.00 to $77.00 in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Cardinal Health currently has an average rating of “Buy” and a consensus target price of $75.91.
Cardinal Health (NYSE:CAH) traded down 1.42% on Wednesday, hitting $65.22. 1,525,374 shares of the company’s stock traded hands. Cardinal Health has a one year low of $45.59 and a one year high of $74.40. The stock has a 50-day moving average of $67.77 and a 200-day moving average of $67.11. The company has a market cap of $22.188 billion and a price-to-earnings ratio of 66.16.
Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, May 1st. The company reported $1.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.01. The company had revenue of $21.40 million for the quarter, compared to the consensus estimate of $21.72 million. During the same quarter last year, the company posted $1.02 earnings per share. Cardinal Health’s revenue was down 12.7% compared to the same quarter last year. On average, analysts predict that Cardinal Health will post $3.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, June 27th. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.30.
Cardinal Health, Inc is a healthcare services company providing pharmaceutical and medical products and services to pharmacies, hospitals, ambulatory surgery centers, clinical laboratories, physician offices and other healthcare providers.
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