Cardinal Health, Inc (NYSE: CAH) is 9.22% higher on its value in year-to-date trading and has touched a low of $93.17 and a high of $132.84 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 $129.48 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $129.18, the stock is 1.55% and 3.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing -0.23% at the moment leaves the stock 15.44% off its SMA200. CAH registered 15.69% gain for a year compared to 6-month gain of 16.34%.
The stock witnessed a 0.72% loss in the last 1 month and extending the period to 3 months gives it a 5.50%, and is 1.28% up 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 1.76% over the week and 1.93% over the month.
Cardinal Health, Inc (CAH) has around 48900 employees, a market worth around $31.21B and $222.32B in sales. Current P/E ratio is 24.11 and Fwd P/E is 14.40. Profit margin for the company is 0.59%. Distance from 52-week low is 38.65% and -2.76% from its 52-week high. The company has generated returns on investments over the last 12 months (32.15%).
with sales reaching $55.33B over the same period.The EPS is expected to grow by 5.66% this year, but quarterly earnings will post -1.67% year-over-year. Quarterly sales are estimated to grow 0.76% in year-over-year returns.
Cardinal Health, Inc (CAH) Top Institutional Holders
The shares outstanding are 242.00M, and float is at 240.91M with Short Float at 2.60%.
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 5.5308% 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
A total of 0 insider transactions have happened at Cardinal Health, Inc (CAH) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Scherer Mary C., the company’s Chief Accounting Officer. SEC filings show that Scherer Mary C. sold 3,504 shares of the company’s common stock on Nov 14 ’24 at a price of $123.55 per share for a total of $0.43 million. Following the sale, the insider now owns 8752.0 shares.
Cardinal Health, Inc disclosed in a document filed with the SEC on Aug 21 ’24 that Mayer Jessica L (Chief Legal/Compliance Officer) sold a total of 16,573 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $109.39 per share for $1.81 million. Following the transaction, the insider now directly holds 75971.0 shares of the CAH stock.
Still, SEC filings show that on Aug 21 ’24, Mayer Jessica L (Officer) Proposed Sale 16,573 shares at an average price of $109.39 for $1.81 million. The insider now directly holds shares of Cardinal Health, Inc (CAH).
Cardinal Health, Inc (CAH): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 15.45% up over the past 12 months. UnitedHealth Group Inc. (UNH) that is -3.08% lower over the same period.
