Eastern Bank buys $16,396,697 stake in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Eastern Bank scooped up 868 additional shares in Cardinal Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 197,052 shares of Cardinal Health Inc which is valued at $16,396,697.Cardinal Health Inc makes up approximately 1.29% of Eastern Bank’s portfolio.

Other Hedge Funds, Including , Churchill Management Corp reduced its stake in CAH by selling 2,194 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 46,715 shares of CAH which is valued at $3,754,952. Cardinal Health Inc makes up approx 0.24% of Churchill Management Corp’s portfolio.Raymond James Trust N.a. boosted its stake in CAH in the latest quarter, The investment management firm added 1,201 additional shares and now holds a total of 25,616 shares of Cardinal Health Inc which is valued at $2,059,014. Cardinal Health Inc makes up approx 0.17% of Raymond James Trust N.a.’s portfolio.

Cardinal Health Inc opened for trading at $82.5 and hit $83.32 on the upside on Monday, eventually ending the session at $83.21, with a gain of 1.03% or 0.85 points. The heightened volatility saw the trading volume jump to 15,87,709 shares. Company has a market cap of $27,111 M.

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.

Many Wall Street Analysts have commented on Cardinal Health Inc. Cardinal Health Inc was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016. Avondale Initiated Cardinal Health Inc on Apr 19, 2016 to “Mkt Outperform”, Price Target of the shares are set at $111.

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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