Cardinal Health Inc (NYSE:CAH) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp grew its position in Cardinal Health Inc (NYSE:CAH) by 13.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,458 shares of the company’s stock after purchasing an additional 2,448 shares during the period. Sigma Planning Corp’s holdings in Cardinal Health were worth $964,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bremer Bank National Association acquired a new position in shares of Cardinal Health in the first quarter valued at about $27,000. Financial Gravity Wealth Inc. boosted its stake in shares of Cardinal Health by 258.5% in the second quarter. Financial Gravity Wealth Inc. now owns 692 shares of the company’s stock worth $33,000 after buying an additional 499 shares during the last quarter. Trustcore Financial Services LLC boosted its stake in shares of Cardinal Health by 80.6% in the second quarter. Trustcore Financial Services LLC now owns 784 shares of the company’s stock worth $37,000 after buying an additional 350 shares during the last quarter. AGF Investments LLC purchased a new stake in shares of Cardinal Health in the second quarter worth about $38,000. Finally, Farmers National Bank purchased a new stake in shares of Cardinal Health in the first quarter worth about $43,000. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of CAH traded up $1.19 during mid-day trading on Friday, reaching $43.19. The company had a trading volume of 1,897,100 shares, compared to its average volume of 3,247,467. Cardinal Health Inc has a 52-week low of $41.03 and a 52-week high of $58.31. The company has a quick ratio of 0.54, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $12.52 billion, a P/E ratio of 8.18, a PEG ratio of 1.39 and a beta of 1.28. The stock has a 50 day moving average of $45.81 and a two-hundred day moving average of $47.60.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, August 8th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Cardinal Health had a return on equity of 25.96% and a net margin of 0.94%. The firm had revenue of $37.35 billion for the quarter, compared to the consensus estimate of $36.70 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Cardinal Health Inc will post 5.02 earnings per share for the current year.

Separately, ValuEngine upgraded Cardinal Health from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $54.86.

Cardinal Health Company Profile

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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