Cardinal Health Inc (NYSE:CAH) Stock Holdings Increased by Bessemer Group Inc.

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Bessemer Group Inc. raised its holdings in shares of Cardinal Health Inc (NYSE:CAH) by 32.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,137 shares of the company’s stock after purchasing an additional 767 shares during the period. Bessemer Group Inc.’s holdings in Cardinal Health were worth $148,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in Cardinal Health by 8.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 75,008 shares of the company’s stock worth $3,532,000 after acquiring an additional 5,667 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Cardinal Health by 7.2% in the second quarter. Capital Investment Advisors LLC now owns 20,356 shares of the company’s stock valued at $959,000 after purchasing an additional 1,371 shares during the period. Viking Fund Management LLC acquired a new position in Cardinal Health in the second quarter valued at $1,554,000. Oregon Public Employees Retirement Fund increased its stake in Cardinal Health by 5.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 111,796 shares of the company’s stock valued at $5,266,000 after purchasing an additional 5,833 shares during the period. Finally, Regent Investment Management LLC increased its stake in Cardinal Health by 4.9% in the second quarter. Regent Investment Management LLC now owns 26,825 shares of the company’s stock valued at $1,263,000 after purchasing an additional 1,245 shares during the period. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of CAH opened at $42.00 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20. The stock has a market cap of $13.31 billion, a P/E ratio of 8.46, a PEG ratio of 1.48 and a beta of 1.28. The company has a 50-day moving average of $45.87 and a two-hundred day moving average of $47.63. Cardinal Health Inc has a 12-month low of $41.03 and a 12-month high of $58.31.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $37.35 billion during the quarter, compared to analysts’ expectations of $36.70 billion. Cardinal Health had a net margin of 0.94% and a return on equity of 25.96%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. As a group, analysts forecast that Cardinal Health Inc will post 5.02 EPS for the current fiscal year.

Separately, ValuEngine upgraded shares of Cardinal Health from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Cardinal Health currently has an average rating of “Hold” and a consensus price target of $54.86.

Cardinal Health Profile

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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