Boston Private Wealth Lowers stake in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Boston Private Wealth reduced its stake in Cardinal Health Inc by 14.63% during the most recent quarter end. The investment management company now holds a total of 227,408 shares of Cardinal Health Inc which is valued at $19,247,813 after selling 38,972 shares in Cardinal Health Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Cardinal Health Inc makes up approximately 0.76% of Boston Private Wealth’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in CAH by selling 9,687 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 244,001 shares of CAH which is valued at $20,652,245. Cardinal Health Inc makes up approx 0.07% of Aberdeen Asset Management Plcuk’s portfolio.Tradewinds Capital Management boosted its stake in CAH in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 647 shares of Cardinal Health Inc which is valued at $54,089. Cardinal Health Inc makes up approx 0.04% of Tradewinds Capital Management’s portfolio.Private Trust Co Na boosted its stake in CAH in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 13,547 shares of Cardinal Health Inc which is valued at $1,128,330. Cardinal Health Inc makes up approx 0.29% of Private Trust Co Na’s portfolio.Coastline Trust Co boosted its stake in CAH in the latest quarter, The investment management firm added 1,180 additional shares and now holds a total of 8,185 shares of Cardinal Health Inc which is valued at $681,729. Cardinal Health Inc makes up approx 0.13% of Coastline Trust Co’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in CAH in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 77,099 shares of Cardinal Health Inc which is valued at $6,415,408. Cardinal Health Inc makes up approx 0.27% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

Cardinal Health Inc closed down -1.06 points or -1.25% at $83.58 with 17,93,462 shares getting traded on Thursday. Post opening the session at $84.52, the shares hit an intraday low of $83.51 and an intraday high of $84.8 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Cardinal Health Inc reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.13. The company had revenue of $31384.00 million for the quarter, compared to analysts expectations of $31167.11 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 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.

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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