Sand Hill Global Advisors buys $3,814,501 stake in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Sand Hill Global Advisors scooped up 1,247 additional shares in Cardinal Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 45,628 shares of Cardinal Health Inc which is valued at $3,814,501.Cardinal Health Inc makes up approximately 0.57% of Sand Hill Global Advisors’s portfolio.

Other Hedge Funds, Including , Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in CAH by selling 2,400 shares or 19.05% in the most recent quarter. The Hedge Fund company now holds 10,200 shares of CAH which is valued at $852,720. Cardinal Health Inc makes up approx 0.21% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio. Bienville Capital Management added CAH to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $334,400. Cardinal Health Inc makes up approx 0.09% of Bienville Capital Management’s portfolio.Nordea Investment Management Ab boosted its stake in CAH in the latest quarter, The investment management firm added 190,197 additional shares and now holds a total of 1,603,853 shares of Cardinal Health Inc which is valued at $133,584,916. Cardinal Health Inc makes up approx 0.38% of Nordea Investment Management Ab’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.

Cardinal Health Inc closed down -0.13 points or -0.16% at $82.02 with 8,99,566 shares getting traded on Tuesday. Post opening the session at $82.39, the shares hit an intraday low of $82 and an intraday high of $82.56 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Investors should note that on Aug 8, 2016, Cardinal Health Inc announced a cash dividend of $0.4489. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 15, 2016.

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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