Cardinal Health CFO Jeffrey William Henderson Sells 78,637 Shares (CAH)
Cardinal Health (NYSE:CAH) CFO Jeffrey William Henderson sold 78,637 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $72.06, for a total transaction of $5,666,582.22. Following the completion of the transaction, the chief financial officer now directly owns 67,190 shares in the company, valued at approximately $4,841,711. The transaction was disclosed in a filing with the SEC, which is available at this link.
Cardinal Health (NYSE:CAH) traded up 1.20% on Thursday, hitting $73.35. 882,380 shares of the company’s stock traded hands. Cardinal Health has a 52 week low of $49.65 and a 52 week high of $74.40. The stock has a 50-day moving average of $71.18 and a 200-day moving average of $69.61. The company has a market cap of $24.694 billion and a P/E ratio of 21.45.
Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Monday, August 4th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $21.88 billion. During the same quarter last year, the company posted $0.79 earnings per share. Cardinal Health’s revenue was down 9.9% compared to the same quarter last year. On average, analysts predict that Cardinal Health will post $4.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.3425 per share. This represents a $1.37 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, September 29th.
A number of analysts have recently weighed in on CAH shares. Analysts at Argus reiterated a “buy” rating on shares of Cardinal Health in a research note on Monday. They now have a $71.43 price target on the stock, down previously from $83.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Cardinal Health in a research note on Tuesday, August 5th. They now have a $82.00 price target on the stock, up previously from $77.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cardinal Health in a research note on Tuesday, August 5th. They now have a $80.00 price target on the stock, up previously from $76.00. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Cardinal Health presently has a consensus rating of “Buy” and a consensus price target of $77.93.
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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