Community Financial Services Group LLC Buys 2,477 Shares of Cardinal Health, Inc. $CAH

Community Financial Services Group LLC increased its position in Cardinal Health, Inc. (NYSE:CAH) by 9,174.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,504 shares of the company’s stock after buying an additional 2,477 shares during the period. Community Financial Services Group LLC’s holdings in Cardinal Health were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LWM Advisors Inc. boosted its holdings in Cardinal Health by 4.4% in the second quarter. LWM Advisors Inc. now owns 1,028 shares of the company’s stock worth $244,000 after acquiring an additional 43 shares in the last quarter. Kathmere Capital Management LLC grew its stake in Cardinal Health by 1.2% in the first quarter. Kathmere Capital Management LLC now owns 4,242 shares of the company’s stock valued at $896,000 after acquiring an additional 49 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Cardinal Health by 0.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $1,184,000 after acquiring an additional 50 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Cardinal Health by 2.6% during the first quarter. V Square Quantitative Management LLC now owns 2,002 shares of the company’s stock valued at $423,000 after acquiring an additional 50 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its position in shares of Cardinal Health by 11.0% during the fourth quarter. Generali Asset Management SPA SGR now owns 513 shares of the company’s stock worth $105,000 after purchasing an additional 51 shares during the period. 87.17% of the stock is owned by institutional investors.

Cardinal Health Stock Up 0.2%

Shares of NYSE:CAH opened at $236.77 on Tuesday. The business’s 50 day moving average is $227.47 and its 200 day moving average is $216.44. Cardinal Health, Inc. has a 12-month low of $137.75 and a 12-month high of $244.87. The stock has a market cap of $55.45 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.16 and a beta of 0.49.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Cardinal Health from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 5th. Morgan Stanley upped their price objective on shares of Cardinal Health from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price objective on shares of Cardinal Health from $243.00 to $215.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. UBS Group lifted their price objective on shares of Cardinal Health from $260.00 to $274.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, TD Cowen boosted their target price on shares of Cardinal Health from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cardinal Health has a consensus rating of “Moderate Buy” and an average price target of $251.73.

About Cardinal Health

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.