Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by ORG Partners LLC

ORG Partners LLC boosted its stake in Cardinal Health, Inc. (NYSE:CAH) by 899.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,308 shares of the company’s stock after buying an additional 4,777 shares during the period. ORG Partners LLC’s holdings in Cardinal Health were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its holdings in Cardinal Health by 10.2% in the fourth quarter. Bleakley Financial Group LLC now owns 4,276 shares of the company’s stock worth $431,000 after purchasing an additional 395 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Cardinal Health during the fourth quarter valued at approximately $37,393,000. Sequoia Financial Advisors LLC increased its stake in shares of Cardinal Health by 41.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,330 shares of the company’s stock valued at $537,000 after acquiring an additional 1,556 shares during the period. Cerity Partners LLC lifted its holdings in shares of Cardinal Health by 35.7% in the fourth quarter. Cerity Partners LLC now owns 18,515 shares of the company’s stock valued at $1,867,000 after buying an additional 4,875 shares during the period. Finally, Simplicity Solutions LLC boosted its position in shares of Cardinal Health by 74.4% during the 4th quarter. Simplicity Solutions LLC now owns 6,768 shares of the company’s stock valued at $682,000 after purchasing an additional 2,887 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Cardinal Health from $115.00 to $107.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Morgan Stanley lifted their price target on Cardinal Health from $114.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Robert W. Baird lifted their target price on Cardinal Health from $130.00 to $137.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Argus reduced their price target on shares of Cardinal Health from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.25.

Cardinal Health Stock Performance

Shares of Cardinal Health stock traded up $0.57 during midday trading on Thursday, reaching $106.93. 588,827 shares of the company’s stock traded hands, compared to its average volume of 2,136,723. Cardinal Health, Inc. has a 52 week low of $85.11 and a 52 week high of $116.04. The company’s 50 day simple moving average is $98.97 and its 200 day simple moving average is $103.18. The company has a market cap of $26.04 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61.

Cardinal Health (NYSE:CAH) last posted its earnings results on Wednesday, August 14th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.12. The company had revenue of $59.87 billion for the quarter, compared to analyst estimates of $58.74 billion. Cardinal Health had a negative return on equity of 54.74% and a net margin of 0.25%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. As a group, equities research analysts predict that Cardinal Health, Inc. will post 7.35 earnings per share for the current year.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.