Loudon Investment Management buys $3,568,013 stake in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Loudon Investment Management scooped up 774 additional shares in Cardinal Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 49,316 shares of Cardinal Health Inc which is valued at $3,568,013.Cardinal Health Inc makes up approximately 2.81% of Loudon Investment Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in CAH in the latest quarter, The investment management firm added 170,142 additional shares and now holds a total of 1,106,021 shares of Cardinal Health Inc which is valued at $80,020,619. Cardinal Health Inc makes up approx 0.22% of Raymond James Associates’s portfolio.Trustmark National Bank Trust Department reduced its stake in CAH by selling 327 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 3,895 shares of CAH which is valued at $279,349. Cardinal Health Inc makes up approx 0.04% of Trustmark National Bank Trust Department’s portfolio.Princeton Alpha Management Lp reduced its stake in CAH by selling 29,855 shares or 89.82% in the most recent quarter. The Hedge Fund company now holds 3,385 shares of CAH which is valued at $242,772. Cardinal Health Inc makes up approx 0.05% of Princeton Alpha Management Lp’s portfolio.Ibm Retirement Fund reduced its stake in CAH by selling 12,144 shares or 28.34% in the most recent quarter. The Hedge Fund company now holds 30,706 shares of CAH which is valued at $2,284,526. Cardinal Health Inc makes up approx 0.12% of Ibm Retirement Fund’s portfolio.Cwm boosted its stake in CAH in the latest quarter, The investment management firm added 205,904 additional shares and now holds a total of 206,114 shares of Cardinal Health Inc which is valued at $15,514,201. Cardinal Health Inc makes up approx 1.11% of Cwm’s portfolio.

Cardinal Health Inc closed down -0.87 points or -1.21% at $70.77 with 26,53,027 shares getting traded on Monday. Post opening the session at $71.53, the shares hit an intraday low of $70.6501 and an intraday high of $71.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cardinal Health Inc reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $1.20. The company had revenue of $32039.00 million for the quarter, compared to analysts expectations of $31007.13 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on Cardinal Health Inc. Shares were Downgraded by Robert W. Baird on Oct 28, 2016 to ” Neutral” and Lowered the Price Target to $ 82 from a previous price target of $92 .Cardinal Health Inc was Downgraded by Goldman to ” Neutral” on Sep 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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