Company shares are trading at $61.90 which is slightly below $66.30, the 50 day moving average and quite a bit below the 200 day moving average of $71.33. The 50 day moving average moved down $-4.40 whereas the 200 day average was down by -13.23%. 5,381K shares changed hands on Tuesday. Trading volume was up 68.99% over the stocks average daily volume.
Traders are feeling more bearish lately if you look at the motion in short interest. The company experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 15.04%. Short interest grew 1,503,705 over that timeframe. Days to cover decreased from 6.0 to 5.0 and the short interest percentage is 0.04% as of October 13.
These funds have shifted positions in (CAH). As of quarter end Korea Investment Corp had disposed of 12,700 shares trimming its stake by 16.2%. The value of the company’s investment in Cardinal Health, Inc. decreased from $6,107,000 to $4,395,000 decreasing 28.0% since the last quarter. As of the end of the quarter Aperio Group, LLC had sold a total of 8,471 shares trimming its holdings by 6.9%. The value of the total investment in Cardinal Health, Inc. went from $9,530,000 to $7,617,000 a change of $1,913,000 quarter over quarter.
Cornerstone Advisors, Inc. divested its position by shedding 5 shares a decrease of 2.7% in the quarter. Cornerstone Advisors, Inc. controls 177 shares worth $12,000. The value of the position overall is down by 14.3%. As of the end of the quarter Decatur Capital Management, Inc. had acquired 6,975 shares growing its position 6.1%. The value in dollars decreased from $8,940,000 to $8,145,000 a change of 8.9% quarter to quarter.
The company is unchanged from yesterday’s close of $61.90. Additionally the company announced a dividend for shareholders that was paid on Sun Oct 15, 2017. The dividend was $0.463 per share for the quarter or $1.85 on an annualized basis. The dividend yield was $2.98. The ex-dividend date was Friday the 29th of September 2017.
The company currently has a P/E ratio of 15.36 and the market cap of the company is 19.59B. As of the latest earnings report the EPS was $4.03 and is estimated to be $4.95 for the current year with 316,453,000 shares outstanding. Next quarter’s EPS is forecasted at $1.17 and the next full year EPS is anticipated to be $5.53.
Cardinal Health, Inc., launched on May 16, 1979, is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Company provides solutions for hospital systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices across the world. As of June 30, 2016, the Company has manufactured or sourced approximately 2.8 billion individual consumer healthcare, home medical equipment and over-counter products, and served approximately 25,000 pharmacies..