LS Investment Advisors LLC Purchases 5,594 Shares of Cardinal Health Inc (NYSE:CAH)

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LS Investment Advisors LLC raised its position in Cardinal Health Inc (NYSE:CAH) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,823 shares of the company’s stock after purchasing an additional 5,594 shares during the quarter. LS Investment Advisors LLC’s holdings in Cardinal Health were worth $2,629,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strategic Wealth Advisors Group LLC raised its position in shares of Cardinal Health by 1.1% during the first quarter. Strategic Wealth Advisors Group LLC now owns 19,131 shares of the company’s stock worth $938,000 after acquiring an additional 216 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Cardinal Health by 9.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,610 shares of the company’s stock worth $126,000 after acquiring an additional 224 shares during the last quarter. Rockland Trust Co. raised its position in shares of Cardinal Health by 1.4% during the second quarter. Rockland Trust Co. now owns 16,807 shares of the company’s stock worth $792,000 after acquiring an additional 231 shares during the last quarter. Point View Wealth Management Inc. raised its position in shares of Cardinal Health by 3.1% during the first quarter. Point View Wealth Management Inc. now owns 7,641 shares of the company’s stock worth $368,000 after acquiring an additional 233 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Cardinal Health by 0.5% during the first quarter. Crossmark Global Holdings Inc. now owns 43,173 shares of the company’s stock worth $2,079,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

NYSE CAH traded down $1.79 during trading hours on Tuesday, hitting $42.04. 134,155 shares of the company’s stock were exchanged, compared to its average volume of 3,189,347. The stock has a 50-day simple moving average of $44.96 and a 200 day simple moving average of $47.31. Cardinal Health Inc has a 1-year low of $41.03 and a 1-year high of $58.31. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 1.41 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20.

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

A number of equities analysts have recently issued reports on CAH shares. Guggenheim upgraded Cardinal Health from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $52.00 in a research report on Tuesday, August 20th. Argus cut Cardinal Health from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine raised Cardinal Health from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $55.00.

Cardinal Health 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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