Mattson Monetary Companies LLC acquired a brand new stake in Cardinal Well being, Inc. (NYSE:CAH – Free Report) in the course of the 2nd quarter, in keeping with its most up-to-date disclosure with the SEC. The fund acquired 11,366 shares of the corporate’s inventory, valued at roughly $1,118,000.
A number of different institutional buyers have additionally added to or lowered their stakes in CAH. Paragon Capital Administration Inc. elevated its stake in Cardinal Well being by 0.7% within the 2nd quarter. Paragon Capital Administration Inc. now owns 14,758 shares of the corporate’s inventory valued at $1,451,000 after shopping for a further 99 shares over the past quarter. Clifford Capital Companions LLC elevated its stake in Cardinal Well being by 21.3% within the 2nd quarter. Clifford Capital Companions LLC now owns 140,027 shares of the corporate’s inventory valued at $13,767,000 after shopping for a further 24,602 shares over the past quarter. Verity & Verity LLC acquired a brand new place in shares of Cardinal Well being in the course of the 2nd quarter price about $239,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance coverage Group elevated its stake in shares of Cardinal Well being by 4.7% in the course of the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance coverage Group now owns 12,690 shares of the corporate’s inventory price $1,248,000 after buying a further 570 shares over the past quarter. Lastly, Heritage Wealth Administration Inc. acquired a brand new place in shares of Cardinal Well being in the course of the 2nd quarter price about $283,000. 87.17% of the inventory is owned by institutional buyers.
Analysts Set New Value Targets
A number of analysis analysts have lately weighed in on CAH shares. StockNews.com upgraded shares of Cardinal Well being from a “purchase” score to a “strong-buy” score in a analysis be aware on Friday, August sixteenth. Robert W. Baird upped their worth goal on shares of Cardinal Well being from $130.00 to $137.00 and gave the corporate an “outperform” score in a analysis be aware on Thursday, August fifteenth. UBS Group upped their worth goal on shares of Cardinal Well being from $120.00 to $125.00 and gave the corporate a “purchase” score in a analysis be aware on Thursday, August fifteenth. Argus raised their goal worth on shares of Cardinal Well being from $115.00 to $125.00 and gave the inventory a “purchase” score in a report on Wednesday, September eleventh. Lastly, Wells Fargo & Firm upped their goal worth on Cardinal Well being from $95.00 to $101.00 and gave the inventory an “underweight” score in a report on Thursday, August fifteenth. One funding analyst has rated the inventory with a promote score, 4 have issued a maintain score, seven have issued a purchase score and one has assigned a powerful purchase score to the inventory. Based on MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a median goal worth of $119.36.
View Our Newest Inventory Report on CAH
Insider Exercise at Cardinal Well being
In associated information, insider Jessica L. Mayer offered 17,896 shares of the corporate’s inventory in a transaction dated Thursday, August fifteenth. The inventory was offered at a median worth of $106.48, for a complete transaction of $1,905,566.08. Following the sale, the insider now owns 94,529 shares within the firm, valued at roughly $10,065,447.92. The sale was disclosed in a submitting with the SEC, which might be accessed by means of the SEC web site. In different Cardinal Well being information, insider Jessica L. Mayer offered 17,896 shares of the inventory in a transaction that occurred on Thursday, August fifteenth. The inventory was offered at a median worth of $106.48, for a complete worth of $1,905,566.08. Following the transaction, the insider now owns 94,529 shares within the firm, valued at $10,065,447.92. The sale was disclosed in a submitting with the SEC, which might be accessed by means of this hyperlink. Additionally, CFO Aaron E. Alt offered 2,323 shares of the inventory in a transaction that occurred on Monday, August nineteenth. The inventory was offered at a median worth of $108.91, for a complete worth of $252,997.93. Following the completion of the transaction, the chief monetary officer now owns 36,867 shares within the firm, valued at roughly $4,015,184.97. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 113,963 shares of firm inventory price $12,379,980 within the final 90 days. Company insiders personal 0.15% of the corporate’s inventory.
Cardinal Well being Buying and selling Down 0.1 %
NYSE CAH opened at $110.21 on Thursday. The enterprise’s 50-day transferring common worth is $107.96 and its two-hundred day transferring common worth is $103.90. Cardinal Well being, Inc. has a 12 month low of $86.24 and a 12 month excessive of $116.05. The agency has a market capitalization of $26.84 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60.
Cardinal Well being (NYSE:CAH – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, August 14th. The corporate reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.10. Cardinal Well being had a unfavorable return on fairness of 54.85% and a internet margin of 0.37%. The agency had income of $59.87 billion for the quarter, in comparison with analyst estimates of $58.74 billion. Throughout the identical quarter within the earlier yr, the corporate posted $1.55 EPS. The enterprise’s income was up 12.1% on a year-over-year foundation. As a gaggle, analysts forecast that Cardinal Well being, Inc. will put up 7.62 earnings per share for the present fiscal yr.
Cardinal Well being Will increase Dividend
The agency additionally lately introduced a quarterly dividend, which might be paid on Tuesday, October fifteenth. Buyers of file on Tuesday, October 1st might be given a dividend of $0.506 per share. This can be a optimistic change from Cardinal Well being’s earlier quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.84%. Cardinal Well being’s dividend payout ratio is presently 89.78%.
Cardinal Well being Profile
(Free Report)
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 methods, pharmacies, ambulatory surgical procedure facilities, scientific laboratories, doctor workplaces, and sufferers within the residence.
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