Cardinal Health, Inc. (NYSE: CAH) is 9.99% higher on its value in year-to-date trading and has touched a low of $90.19 and a high of $116.05 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 $110.89 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $110.87, the stock is -0.98% and -0.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -0.02% at the moment leaves the stock 5.12% off its SMA200. CAH registered 19.79% gain for a year compared to 6-month gain of 7.73%. The firm has a 50-day simple moving average (SMA 50) of $111.607 and a 200-day simple moving average (SMA200) of $105.47455.
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The stock witnessed a 0.98% loss in the last 1 month and extending the period to 3 months gives it a 10.58%, and is -1.29% 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 1.20% over the week and 1.27% over the month.
Cardinal Health, Inc. (CAH) has around 48900 employees, a market worth around $26.83B and $226.99B in sales. Current P/E ratio is 31.97 and Fwd P/E is 13.11. Profit margin for the company is 0.37%. Distance from 52-week low is 22.93% and -4.46% from its 52-week high. The company has generated returns on investments over the last 12 months (46.12%).
The EPS is expected to grow by 1.35% this year.
Cardinal Health, Inc. (CAH) Top Institutional Holders
1387.0 institutions hold shares in Cardinal Health, Inc. (CAH), with institutional investors hold 90.71% of the company’s shares. The shares outstanding are 244.00M, and float is at 241.29M with Short Float at 3.09%. Institutions hold 90.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 30.81 million shares valued at $3.03 billion. The investor’s holdings represent 12.6808% of the CAH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 30.62 million shares valued at $3.01 billion to account for 12.5999 of the shares outstanding. The other top investors are STATE STREET CORP which holds 13.55 million shares representing 5.5763% and valued at over $1.33 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3489 of the shares totaling 5.71 million with a market value of $559.68 million.
Cardinal Health, Inc. (CAH) Insider Activity
The most recent transaction is an insider sale by Mayer Jessica L, the company’s Chief Legal/Compliance Officer. SEC filings show that Mayer Jessica L sold 16,573 shares of the company’s common stock on Aug 21 ’24 at a price of $109.39 per share for a total of $1.81 million. Following the sale, the insider now owns 75971.0 shares.
Still, SEC filings show that on Aug 15 ’24, Mayer Jessica L (Chief Legal/Compliance Officer) disposed off 17,896 shares at an average price of $106.48 for $1.91 million. The insider now directly holds 94,529 shares of Cardinal Health, Inc. (CAH).
