Cardinal Health Inc (CAH) CEO Michael C. Kaufmann Sells 18,586 Shares

Cardinal Health Inc (NYSE:CAH) CEO Michael C. Kaufmann sold 18,586 shares of Cardinal Health stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $73.90, for a total transaction of $1,373,505.40. Following the completion of the sale, the chief executive officer now directly owns 211,849 shares of the company’s stock, valued at approximately $15,655,641.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Cardinal Health Inc (NYSE CAH) traded down $0.30 during trading on Tuesday, hitting $73.21. 2,217,052 shares of the stock traded hands, compared to its average volume of 3,170,000. The stock has a market cap of $23,080.00, a PE ratio of 21.34, a PEG ratio of 1.65 and a beta of 0.85. Cardinal Health Inc has a 1-year low of $54.66 and a 1-year high of $84.88. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.35.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Monday, November 6th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. The business had revenue of $32.64 billion for the quarter, compared to analysts’ expectations of $33.48 billion. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. equities research analysts expect that Cardinal Health Inc will post 5.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.4624 per share. This represents a $1.85 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Friday, December 29th. Cardinal Health’s dividend payout ratio is presently 53.94%.

Several institutional investors have recently modified their holdings of CAH. Macquarie Group Ltd. lifted its stake in shares of Cardinal Health by 4.6% during the 3rd quarter. Macquarie Group Ltd. now owns 10,105,374 shares of the company’s stock valued at $676,253,000 after buying an additional 445,399 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Cardinal Health by 38.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,930,457 shares of the company’s stock valued at $329,964,000 after buying an additional 1,373,334 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Cardinal Health by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,846,209 shares of the company’s stock valued at $257,388,000 after buying an additional 375,742 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Cardinal Health by 58.7% during the 3rd quarter. American Century Companies Inc. now owns 2,976,776 shares of the company’s stock valued at $199,206,000 after buying an additional 1,100,507 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Cardinal Health by 31.0% during the 3rd quarter. Boston Partners now owns 2,918,367 shares of the company’s stock valued at $195,297,000 after buying an additional 690,827 shares in the last quarter. Institutional investors and hedge funds own 88.23% of the company’s stock.

A number of equities research analysts have commented on the stock. Evercore ISI assumed coverage on shares of Cardinal Health in a research report on Thursday, January 4th. They issued an “in-line” rating and a $67.00 target price for the company. Zacks Investment Research raised shares of Cardinal Health from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cardinal Health in a research report on Thursday, October 12th. Cowen raised shares of Cardinal Health to a “buy” rating and set a $74.00 target price for the company in a research report on Tuesday, October 10th. Finally, Mizuho set a $70.00 target price on shares of Cardinal Health and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Cardinal Health presently has an average rating of “Hold” and a consensus target price of $73.58.

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Cardinal Health Company 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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