PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Cardinal Health, Inc. (NYSE:CAH – Free Report) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,295 shares of the company’s stock after acquiring an additional 11,455 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cardinal Health were worth $20,738,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in CAH. Integrated Wealth Concepts LLC grew its holdings in shares of Cardinal Health by 6.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,363 shares of the company’s stock valued at $601,000 after acquiring an additional 280 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Cardinal Health by 198.3% during the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock valued at $27,000 after purchasing an additional 14,034 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Cardinal Health in the second quarter valued at approximately $1,935,000. Cerity Partners LLC grew its stake in Cardinal Health by 17.0% in the second quarter. Cerity Partners LLC now owns 40,426 shares of the company’s stock valued at $6,792,000 after purchasing an additional 5,880 shares in the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of Cardinal Health by 34.4% during the 2nd quarter. Nebula Research & Development LLC now owns 10,334 shares of the company’s stock worth $1,736,000 after purchasing an additional 2,646 shares during the last quarter. 87.17% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on CAH shares. Morgan Stanley increased their price objective on Cardinal Health from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price target on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company cut their price target on shares of Cardinal Health from $256.00 to $245.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Mizuho lifted their price objective on shares of Cardinal Health from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Bank of America boosted their price objective on shares of Cardinal Health from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.73.
Cardinal Health Trading Down 0.7%
CAH stock opened at $237.66 on Friday. Cardinal Health, Inc. has a 1-year low of $137.75 and a 1-year high of $244.87. The business’s 50 day simple moving average is $225.84 and its 200 day simple moving average is $216.08. The firm has a market capitalization of $55.66 billion, a PE ratio of 36.34, a PEG ratio of 1.17 and a beta of 0.49.
Cardinal Health Company Profile
Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.
The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.
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