Kavar Capital Partners LLC acquired a new stake in shares of Cardinal Health Inc (NYSE:CAH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,041 shares of the company’s stock, valued at approximately $190,000.

Other large investors have also bought and sold shares of the company. Bremer Bank National Association bought a new position in shares of Cardinal Health during the 1st quarter valued at about $27,000. Financial Gravity Wealth Inc. boosted its holdings 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 period. Trustcore Financial Services LLC boosted its holdings 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 period. AGF Investments LLC acquired a new position in shares of Cardinal Health in the second quarter worth about $38,000. Finally, Farmers National Bank acquired a new position in shares of Cardinal Health in the first quarter worth about $43,000. Institutional investors own 89.58% of the company’s stock.

Several brokerages have commented on CAH. Guggenheim began coverage on shares of Cardinal Health in a report on Wednesday, April 17th. They issued a “neutral” rating and a $51.00 target price for the company. ValuEngine upgraded shares of Cardinal Health from a “strong sell” rating to a “sell” rating in a report on Thursday, May 9th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.86.

Shares of NYSE CAH traded down $0.05 during mid-day trading on Thursday, reaching $42.36. The company had a trading volume of 37,534 shares, compared to its average volume of 3,302,711. The business has a fifty day simple moving average of $45.94. 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 $13.05 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. Cardinal Health Inc has a 12-month low of $41.03 and a 12-month high of $58.31.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.18. Cardinal Health had a net margin of 0.94% and a return on equity of 25.96%. The company had revenue of $37.35 billion for the quarter, compared to analyst estimates of $36.70 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts expect that Cardinal Health Inc will post 5.02 earnings per share for the current year.

About Cardinal Health

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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