Cardinal Health CFO Jeffrey William Henderson Sells 26,567 Shares (CAH)
Cardinal Health (NYSE:CAH) CFO Jeffrey William Henderson unloaded 26,567 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $72.63, for a total value of $1,929,561.21. Following the transaction, the chief financial officer now directly owns 67,190 shares of the company’s stock, valued at approximately $4,880,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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, August 18th. 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $77.93.
Shares of Cardinal Health (NYSE:CAH) traded up 0.83% during mid-day trading on Thursday, hitting $73.27. The stock had a trading volume of 1,218,041 shares. 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 $71.62 and a 200-day moving average of $69.88. The company has a market cap of $24.667 billion and a P/E ratio of 21.51.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts predict that Cardinal Health will post $4.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.3425 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, September 29th.
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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