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Will Cardinal Health, Inc. (CAH) benefit from Wall Street bulls Calls?

Cardinal Health, Inc. (NYSE: CAH) is 11.01% higher on its value in year-to-date trading and has touched a low of $71.29 and a high of $116.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAH stock was last observed hovering at around $112.54 in the last trading session, with the day’s loss setting it -0.64%.

Currently trading at $111.90, the stock is -0.39% and 3.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -0.57% at the moment leaves the stock 13.64% off its SMA200. CAH registered 54.41% gain for a year compared to 6-month gain of 27.10%. The firm has a 50-day simple moving average (SMA 50) of $0.13 and a 200-day simple moving average (SMA200) of $14.46.

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The stock witnessed a 0.21% loss in the last 1 month and extending the period to 3 months gives it a 10.84%, and is -0.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.58% over the week and 2.07% over the month.

Cardinal Health, Inc. (CAH) has around 48000 employees, a market worth around $27.22B and $216.15B in sales. Current P/E ratio is 44.05 and Fwd P/E is 13.99. Profit margin for the company is 0.30%. Distance from 52-week low is 56.96% and -3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (743.02%).

Cardinal Health, Inc. quarterly earnings per share for the current quarter are estimated at $1.96 with sales reaching $55.91B over the same period.The EPS is expected to grow by 26.04% this year, but quarterly earnings will post 10.70% year-over-year.

Cardinal Health, Inc. (CAH) Top Institutional Holders

1,419 institutions hold shares in Cardinal Health, Inc. (CAH), with institutional investors hold 90.40% of the company’s shares. The shares outstanding are 251.00M, and float is at 241.78M with Short Float at 3.56%. Institutions hold 89.88% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 32.8 million shares valued at $3.1 billion. The investor’s holdings represent 13.32% of the CAH Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 28.55 million shares valued at $2.7 billion to account for 11.59% of the shares outstanding. The other top investors are State Street Corporation which holds 15.11 million shares representing 6.13% and valued at over $1.43 billion, while FMR, LLC holds 2.48% of the shares totaling 6.12 million with a market value of $578.37 million.

Cardinal Health, Inc. (CAH) Insider Activity

The most recent transaction is an insider sale by WEITZMAN DEBORAH,the company’sCEO, Pharmaceutical Segment. SEC filings show that WEITZMAN DEBORAH sold 36,642 shares of the company’s common stock on Nov 27 ’23 at a price of $106.31 per share for a total of $3.9 million. Following the sale, the insider now owns 35202.0 shares.

Cardinal Health, Inc. disclosed in a document filed with the SEC on Aug 28 ’23 that WEITZMAN DEBORAH (CEO, Pharmaceutical Segment) sold a total of 6,712 shares of the company’s common stock. The trade occurred on Aug 28 ’23 and was made at $89.81 per share for $0.6 million. Following the transaction, the insider now directly holds 44202.0 shares of the CAH stock.

Still, SEC filings show that on Aug 18 ’23, Scherer Mary C. (Chief Accounting Officer) disposed off 20,695 shares at an average price of $86.27 for $1.79 million. The insider now directly holds 10,649 shares of Cardinal Health, Inc. (CAH).

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