Hikari Power Ltd Exits Position in Cardinal Health Inc (CAH)

Cardinal Health Inc (CAH) : Hikari Power Ltd has sold out all of its stake in Cardinal Health Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 5,320 shares of Cardinal Health Inc which is valued at $450,285.

Other Hedge Funds, Including , Old Mutual Global Investors (uk) Ltd. added CAH to its portfolio by purchasing 309 company shares during the most recent quarter which is valued at $25,644. Oakbrook Investments added CAH to its portfolio by purchasing 45,350 company shares during the most recent quarter which is valued at $3,763,597. Cardinal Health Inc makes up approx 0.20% of Oakbrook Investments’s portfolio.Alpha Windward reduced its stake in CAH by selling 408 shares or 16.16% in the most recent quarter. The Hedge Fund company now holds 2,117 shares of CAH which is valued at $170,164. Cardinal Health Inc makes up approx 0.12% of Alpha Windward’s portfolio.

Cardinal Health Inc closed down -0.58 points or -0.69% at $83.78 with 12,14,596 shares getting traded on Monday. Post opening the session at $84.64, the shares hit an intraday low of $83.61 and an intraday high of $84.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cardinal Health Inc reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.13. The company had revenue of $31384.00 million for the quarter, compared to analysts expectations of $31167.11 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Cardinal Health Inc. Cardinal Health Inc was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.

Cardinal Health Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States the Company’s Pharmaceutical segment distributes branded and generic pharmaceutical over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers hospitals and other healthcare providers. In China the Pharmaceutical segment distributes branded generic and specialty pharmaceutical over-the-counter healthcare and consumer products provides logistics marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical surgical and laboratory products and provides services to hospitals ambulatory surgery centers clinical laboratories and other healthcare providers.

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