Baader Bank Aktiengesellschaft Purchases New Position in Cardinal Health, Inc. (NYSE:CAH)

Baader Bank Aktiengesellschaft acquired a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,089 shares of the company’s stock, valued at approximately $205,000.

Other large investors have also made changes to their positions in the company. Redhawk Wealth Advisors Inc. increased its holdings in Cardinal Health by 145.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,180 shares of the company’s stock valued at $509,000 after purchasing an additional 3,072 shares in the last quarter. Tsfg LLC lifted its position in shares of Cardinal Health by 14.4% during the second quarter. Tsfg LLC now owns 9,208 shares of the company’s stock worth $905,000 after purchasing an additional 1,161 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Cardinal Health by 899.6% in the second quarter. ORG Partners LLC now owns 5,308 shares of the company’s stock valued at $519,000 after purchasing an additional 4,777 shares in the last quarter. Diversified Trust Co raised its position in Cardinal Health by 3.7% in the 2nd quarter. Diversified Trust Co now owns 24,591 shares of the company’s stock worth $2,418,000 after purchasing an additional 871 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in Cardinal Health by 9.8% during the 2nd quarter. Wedmont Private Capital now owns 3,806 shares of the company’s stock worth $358,000 after buying an additional 339 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Price Performance

Shares of CAH opened at $107.79 on Friday. The firm has a 50-day moving average of $99.15 and a 200-day moving average of $103.21. The company has a market cap of $26.25 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. Cardinal Health, Inc. has a one year low of $85.11 and a one year high of $116.04.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.10. Cardinal Health had a negative return on equity of 54.74% and a net margin of 0.25%. The firm had revenue of $59.87 billion for the quarter, compared to the consensus estimate of $58.74 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Cardinal Health, Inc. will post 7.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CAH. Citigroup lowered their target price on Cardinal Health from $115.00 to $107.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Wells Fargo & Company increased their price objective on shares of Cardinal Health from $95.00 to $101.00 and gave the company an “underweight” rating in a report on Thursday. UBS Group upped their target price on shares of Cardinal Health from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird boosted their target price on Cardinal Health from $130.00 to $137.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Argus lowered their price target on Cardinal Health from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.25.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.