Zwj Investment Counsel Inc buys $19.7 Million stake in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Zwj Investment Counsel Inc scooped up 37,731 additional shares in Cardinal Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 259,009 shares of Cardinal Health Inc which is valued at $19.7 Million.Cardinal Health Inc makes up approximately 2.13% of Zwj Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems boosted its stake in CAH in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 59,393 shares of Cardinal Health Inc which is valued at $4.5 Million. Cardinal Health Inc makes up approx 0.12% of Utah Retirement Systems’s portfolio.Mark Sheptoff Financial Planning reduced its stake in CAH by selling 496 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 24,474 shares of CAH which is valued at $1.9 Million. Cardinal Health Inc makes up approx 1.52% of Mark Sheptoff Financial Planning’s portfolio.Nine Chapters Capital Management reduced its stake in CAH by selling 18,800 shares or 39.25% in the most recent quarter. The Hedge Fund company now holds 29,100 shares of CAH which is valued at $2.2 Million. Cardinal Health Inc makes up approx 0.20% of Nine Chapters Capital Management’s portfolio.Global X Management Co boosted its stake in CAH in the latest quarter, The investment management firm added 511 additional shares and now holds a total of 579 shares of Cardinal Health Inc which is valued at $44,496.

Cardinal Health Inc closed down -0.73 points or -0.94% at $76.73 with 30,11,025 shares getting traded on Wednesday. Post opening the session at $77.78, the shares hit an intraday low of $76.69 and an intraday high of $77.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cardinal Health Inc reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.33. The company had revenue of $30662.00 million for the quarter, compared to analysts expectations of $30439.59 million. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Investors should note that on May 4, 2016, Cardinal Health Inc announced a cash dividend of $0.4489. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Many Wall Street Analysts have commented on Cardinal Health Inc. Avondale Initiated Cardinal Health Inc on Apr 19, 2016 to “Mkt Outperform”, Price Target of the shares are set at $111.Cardinal Health Inc was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016.

Cardinal Health Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States the Company’s Pharmaceutical segment distributes branded and generic pharmaceutical over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers hospitals and other healthcare providers. In China the Pharmaceutical segment distributes branded generic and specialty pharmaceutical over-the-counter healthcare and consumer products provides logistics marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical surgical and laboratory products and provides services to hospitals ambulatory surgery centers clinical laboratories and other healthcare providers.

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