Cardinal Health
About: Cardinal Health is one of three leading pharmaceutical wholesalers in the us, engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the us pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
Employees: 48,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $236M | Put options by funds: $115M
8% less repeat investments, than reductions
Existing positions increased: 356 | Existing positions reduced: 385
2.39% less ownership
Funds ownership: 89.84% [Q1] → 87.45% (-2.39%) [Q2]
4% less funds holding
Funds holding: 1,034 [Q1] → 989 (-45) [Q2]
14% less capital invested
Capital invested by funds: $24.4B [Q1] → $20.9B (-$3.47B) [Q2]
34% less first-time investments, than exits
New positions opened: 89 | Existing positions closed: 134
58% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 5 (-7) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Argus Research David Toung 58% 1-year accuracy 7 / 12 met price target | 11%upside $125 | Buy Maintained | 11 Sept 2024 |
JP Morgan Lisa Gill 48% 1-year accuracy 10 / 21 met price target | 10%upside $123 | Neutral Maintained | 21 Aug 2024 |
Deutsche Bank George Hill 100% 1-year accuracy 2 / 2 met price target | 6%upside $119 | Hold Maintained | 16 Aug 2024 |
UBS Kevin Caliendo 0% 1-year accuracy 0 / 2 met price target | 11%upside $125 | Buy Maintained | 15 Aug 2024 |
Wells Fargo Stephen Baxter 18% 1-year accuracy 3 / 17 met price target | 10%downside $101 | Underweight Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 10 articles about CAH published over the past 30 days
