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Friday, September 29, 2023

Cardinal Health Inc. (NYSE: CAH) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cardinal Health Inc. (CAH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 0.14%, to $88.90. The Cardinal Health Inc. has recorded 233,675 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Cardinal Health Launches Next Generation Medical Device to Improve Neonatal Feeding.

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Stocks Info

Cardinal Health Inc. is listed on the NYSE as a member of the Healthcare sector and is a part of the Medical Distribution industry. At the end of the last regular session, the stock closed at $88.78 and fluctuated between $89.25 as its day high and $88.48 as its day low. The current market capitalization of Cardinal Health Inc. is $22.21B. A total of 1.52 million shares were traded on the day, compared to an average of 2.36M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CAH has seen 17 BUY and 17 SELL insider trades, representing the acquisition of 260,778 and the disposition of 204,363 shares. Over the last 12 months, there were 39 BUYs and 27 SELLs from insiders. Insiders purchased 322,037 shares during that period but sold 298,202.

In the most recent transaction, WEITZMAN DEBORAH sold 6,712 shares of CAH for 89.81 per share on Aug 28. After the transaction, the CEO, Pharmaceutical Segment now owns 44,202 company shares. In a previous transaction on Aug 18, Scherer Mary C. sold 20,695 shares at 86.27 per share. CAH shares that Chief Accounting Officer owns now total 10,649.

Among the insiders who sold shares, Mason Stephen M disposed of 37,500 shares on Aug 17 at a per-share price of $87.32. This resulted in the CEO, Medical Segment holding 37,355 shares of CAH after the transaction. In another insider transaction, Snow Ola M sold 26,324 shares at $87.41 per share on Aug 17. Company shares held by the Chief Human Resources Officer now total 25,762.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Cardinal Health Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 2.26%, and it has a price to earnings (P/E) ratio of 89.59. CAH’s most recent ex-dividend date was 10/2/2023 when it declared a $0.5006 quarterly dividend that was paid in cash on 10/15/2023. Previously, the company paid the dividend on 7/15/2023 with an ex-dividend date of 6/30/2023. The CAH stock dividend was $0.5006 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CAH in the last 3 months, the mean price target is $98.23 with high estimates of $108.00 and low estimates of $78.00. In terms of 52-week highs and lows, CAH has a high of $95.45 and a low of $64.99.

As of this writing, CAH has an earnings estimate of $1.42 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.55 per share and a lower estimate of $1.34. The company reported an EPS of $1.74 in the last quarter, which was 16.80% higher than expectations of $1.49.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CAH’s latest balance sheet shows that the firm has $4.72B in Cash & Short Term Investments as of fiscal 2022. There were $5.32B in debt and $30.55B in liabilities at the time. Its Book Value Per Share was -$11.18, while its Total Shareholder’s Equity was -$706.00M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAH is Buy with a score of 3.42.

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