Rockland Belief Co. reduce its holdings in shares of Cardinal Well being, Inc. (NYSE:CAH – Free Report) by 55.1% within the third quarter, in line with its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The agency owned 4,620 shares of the corporate’s inventory after promoting 5,679 shares throughout the interval. Rockland Belief Co.’s holdings in Cardinal Well being have been value $511,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
A number of different institutional traders and hedge funds have additionally modified their holdings of CAH. Tobam elevated its stake in shares of Cardinal Well being by 773.4% within the 1st quarter. Tobam now owns 49,111 shares of the corporate’s inventory valued at $5,496,000 after buying a further 43,488 shares within the final quarter. Nomura Holdings Inc. elevated its stake in shares of Cardinal Well being by 12.3% within the 4th quarter. Nomura Holdings Inc. now owns 220,661 shares of the corporate’s inventory value $22,243,000 after buying a further 24,222 shares over the last quarter. Mitsubishi UFJ Belief & Banking Corp grew its stake in shares of Cardinal Well being by 101.1% within the 1st quarter. Mitsubishi UFJ Belief & Banking Corp now owns 321,558 shares of the corporate’s inventory valued at $36,010,000 after shopping for a further 161,656 shares throughout the interval. State Board of Administration of Florida Retirement System grew its place in Cardinal Well being by 5.2% within the first quarter. State Board of Administration of Florida Retirement System now owns 314,213 shares of the corporate’s inventory value $35,160,000 after buying a further 15,663 shares throughout the interval. Lastly, Park Nationwide Corp OH acquired a brand new place in shares of Cardinal Well being within the 1st quarter valued at $1,742,000. Institutional traders and hedge funds personal 87.17% of the corporate’s inventory.
Insider Exercise
In different information, CFO Aaron E. Alt offered 2,323 shares of Cardinal Well being inventory in a transaction dated Monday, August nineteenth. The shares have been offered at a mean worth of $108.91, for a complete worth of $252,997.93. Following the completion of the transaction, the chief monetary officer now instantly owns 36,867 shares of the corporate’s inventory, valued at roughly $4,015,184.97. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a submitting with the SEC, which is accessible by this hyperlink. In associated information, CFO Aaron E. Alt offered 2,323 shares of the inventory in a transaction dated Monday, August nineteenth. The shares have been offered at a mean worth of $108.91, for a complete worth of $252,997.93. Following the sale, the chief monetary officer now owns 36,867 shares of the corporate’s inventory, valued at $4,015,184.97. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by the SEC web site. Additionally, CEO Jason M. Hollar offered 46,455 shares of the enterprise’s inventory in a transaction that occurred on Monday, August nineteenth. The inventory was offered at a mean worth of $109.02, for a complete worth of $5,064,524.10. Following the transaction, the chief government officer now owns 197,636 shares of the corporate’s inventory, valued at roughly $21,546,276.72. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Within the final ninety days, insiders offered 113,963 shares of firm inventory value $12,379,980. 0.15% of the inventory is at present owned by insiders.
Wall Road Analyst Weigh In
Quite a lot of equities analysts lately commented on CAH shares. Morgan Stanley raised their goal worth on Cardinal Well being from $114.00 to $119.00 and gave the corporate an “obese” score in a report on Thursday, August fifteenth. Deutsche Financial institution Aktiengesellschaft raised their worth goal on Cardinal Well being from $115.00 to $119.00 and gave the inventory a “maintain” score in a analysis be aware on Friday, August sixteenth. UBS Group boosted their goal worth on Cardinal Well being from $120.00 to $125.00 and gave the corporate a “purchase” score in a report on Thursday, August fifteenth. Robert W. Baird upped their worth goal on Cardinal Well being from $130.00 to $137.00 and gave the inventory an “outperform” score in a report on Thursday, August fifteenth. Lastly, Argus upped their goal worth on Cardinal Well being from $115.00 to $125.00 and gave the corporate a “purchase” score in a report on Wednesday, September eleventh. One funding analyst has rated the inventory with a promote score, 4 have given a maintain score, seven have assigned a purchase score and one has assigned a robust purchase score to the inventory. Primarily based on information from MarketBeat.com, the inventory at present has a mean score of “Average Purchase” and a mean worth goal of $119.36.
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Cardinal Well being Buying and selling Up 1.5 %
NYSE:CAH traded up $1.63 throughout mid-day buying and selling on Friday, hitting $111.98. The corporate had a buying and selling quantity of 1,490,687 shares, in comparison with its common quantity of two,109,496. The enterprise has a fifty day easy shifting common of $108.50 and a 200-day easy shifting common of $103.96. The agency has a market capitalization of $27.27 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 1.33 and a beta of 0.60. Cardinal Well being, Inc. has a 1 yr low of $89.00 and a 1 yr excessive of $116.05.
Cardinal Well being (NYSE:CAH – Get Free Report) final launched its earnings outcomes on Wednesday, August 14th. The corporate reported $1.84 EPS for the quarter, beating the consensus estimate of $1.74 by $0.10. The corporate had income of $59.87 billion throughout the quarter, in comparison with analysts’ expectations of $58.74 billion. Cardinal Well being had a damaging return on fairness of 54.85% and a internet margin of 0.37%. The enterprise’s income was up 12.1% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise posted $1.55 EPS. As a gaggle, analysis analysts anticipate that Cardinal Well being, Inc. will publish 7.62 earnings per share for the present yr.
Cardinal Well being Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which will likely be paid on Tuesday, October fifteenth. Shareholders of report on Tuesday, October 1st will likely be issued a dividend of $0.506 per share. This represents a $2.02 dividend on an annualized foundation and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a rise from Cardinal Well being’s earlier quarterly dividend of $0.51. Cardinal Well being’s dividend payout ratio (DPR) is at present 89.78%.
Cardinal Well being Firm Profile
Cardinal Well being, Inc operates as a healthcare companies and merchandise firm in america, Canada, Europe, Asia, and internationally. It offers personalized options for hospitals, healthcare techniques, pharmacies, ambulatory surgical procedure facilities, medical laboratories, doctor workplaces, and sufferers within the house.
Additional Studying
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