Inc. Sells 2695 Shares of Cardinal Health, Inc. (NYSE:CAH)

(NYSE:CAH) by 13.5% during the third quarter, Holdings Channel reports.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $72.44 on Cardinal Health, Inc. shares. Donald L. Hagan LLC lifted its position in shares of Cardinal Health by 31.2% during the third quarter.

Shares of the company fell 4 percent on Monday morning to their lowest in four years. Engineers Gate Manager LP boosted its stake in Cardinal Health by 165.6% in the second quarter. Boston Advisors LLC now owns 148,566 shares of the company's stock valued at $9,942,000 after acquiring an additional 6,866 shares during the period. Inc. lowered its stake in Cardinal Health, Inc. BlackRock Inc. now owns 22,843,418 shares of the company's stock valued at $1,779,958,000 after purchasing an additional 1,398,496 shares in the last quarter. Royal Bank of Canada boosted its stake in Cardinal Health by 2.8% in the first quarter. Donald L. Hagan LLC now owns 18,185 shares of the company's stock worth $1,217,000 after purchasing an additional 4,323 shares in the last quarter. First Finance Bank holds 0.05% in Cardinal Health Inc (NYSE:CAH) or 3,695 shares. The stock decreased 1.42% or $0.69 on November 3, reaching $47.98.

Cardinal expects full-year earnings in the range of $4.85 to $5.10 per share. Cardinal Health Inc (NYSE:CAH) has declined 4.95% since November 5, 2016 and is downtrending. 2,653,027 shares of the stock traded hands. Cardinal Health Inc. has a 12 month low of $62.70 and a 12 month high of $91.23.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law.

Gyroscope Capital Management Group Llc increased its stake in Cardinal Health Inc (CAH) by 11% based on its latest 2017Q2 regulatory filing with the SEC. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.00 by $0.09. Cardinal Health had a net margin of 1.08% and a return on equity of 25.20%.

Sell-side analysts have also provided a consensus recommendation of 2.80 on company shares.

Last week, Cardinal's peer AmerisourceBergen Corp said it did not expect generic drug prices to slip further next year, although it added it expects prices to dip 7 to 9 percent in the current fiscal year. Cardinal Health's revenue was up 14.2% on a year-over-year basis. -Earnings Decline (Y-o-Y): -13.3% -EPS (Q1): $1.09 vs. $1.24 a year ago.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Tuesday, January 3rd will be given a dividend of $0.4489 per share. The ex-dividend date was Friday, September 29th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.08%. Cardinal Health had 39 analyst reports since August 10, 2015 according to SRatingsIntel.

Several brokerages recently weighed in on CAH. Jefferies Group LLC reaffirmed a "hold" rating and set a $77.00 target price on shares of Cardinal Health in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed an "outperform" rating and set a $87.00 target price (up from $81.00) on shares of Cardinal Health in a research note on Thursday, July 13th. UBS AG reiterated a "neutral" rating and set a $76.00 price target (down from $79.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Cardinal Health now has a consensus rating of "Buy" and an average price target of $91.62. Martingale Asset Mngmt LP has invested 0.15% in Cardinal Health Inc (NYSE:CAH). Pictet Asset Management Ltd. now owns 244,469 shares of the company's stock valued at $16,360,000 after acquiring an additional 67,600 shares during the period. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Adams Asset Advisors Llc who had been investing in Arcbest Corporation for a number of months, seems to be bullish on the $848.31M market cap company.

Cardinal Health recently completed its $6.1 billion purchase of Medtronic PLC's patient-recovery business to bolster its portfolio of medical products.

Cardinal said falling prices for generic drugs dented profits at its main pharmaceutical business that distributes branded and generic drugs.

Like this


06 November 2017
Taylor Swift sets album pre-sale record
On Twitter, Jack, 33, wrote: "honored to have call it what you want out in the world. that song means a great deal to me". Pre-orders have been placed at Target, Walmart, Amazon, iTunes and Swift's website.

06 November 2017
Ezekiel Elliott's lawyers open to settlement but National Football League says it's 'not interested'
The NFL planned to enforce Elliott's suspension beginning Sunday until Friday's intervention by the appeals court. District Court Judge Katherine Polk Failla denied Elliott an injunction after a status hearing in NY on Monday.

06 November 2017
Bixby button can now be completely disabled on Samsung devices
Flipkart's Samsung fest is back with a bang and it is offering mouth-watering deals on some of the latest Samsung smartphones. Moving to a more affordable category, Samsung Galaxy On Max is available at a price of Rs. 14,900 after 11 percent discount.

06 November 2017
Amazon Discounts Other Sellers' Products
And this will be the concern for third party sellers affected by the offer. She added that sellers have also the option to opt out.

06 November 2017
Trump's push for fossil fuels overshadows Bonn climate talks
On Monday, the U.N.'s World Meteorological Organization will issue a report about where 2017 ranks on a list of the hottest years. He didn't refer directly to the Trump administration's position, but appeared to play off Trump's "America first" slogan.

06 November 2017
Liverpool keen on a shock swoop for Manchester City superstar
However, that looks a non-starter with the Canary Islanders struggling in La Liga and unable to get anywhere near his wages. It's claimed Reds boss Jurgen Klopp views the Spain worldwide as a potential alternative to Adam Lallana at Anfield.

06 November 2017
Lorry Driver Caught Checking Phone While Resting Foot On Dashboard
Other offences included driving over the speed limit, not using a seat belt and not being in control of the vehicle. In Surrey, Highways England reveal one driver was calling his new girlfriend "because our song came on".

06 November 2017
Catalan leaders set free pending Belgian ruling on warrant
Puigdemont and his four councilors will first have to be brought before a judge who needs to make a decision within 24 hours. She said the court would need to see evidence of criminal offences before executing the warrant.

06 November 2017
Kangana Ranaut may essay Arunima Sinha in biopic after completing Manikarnika
Arunima is not only first Indian amputee but also the first female amputee in the world to climb Mount Everest. The actress has been approached to play the first ever woman amputee to scale the Mount Everest.

06 November 2017
Pakistan's ISI predicts natural disaster , Twitter left in split
The newspaper also reported that ERRA's deputy chairman had sought a report on the leak of the official letter. Dr Ghulam Rasool, chief of the Met Department, said earthquakes can not be predicted that far in advance.