Is Cardinal Health, Inc. (NYSE: CAH) The Best Stock To Invest In?

After Hours

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Stocks Info

Cardinal Health, Inc. is listed on the NYSE in the Healthcare sector while operating in the Medical Distribution industry. The current market capitalization of Cardinal Health, Inc. is $27.36B. A total of 1.91 million shares were traded on the day, compared to an average of 1.97M shares.

In the most recent transaction, Mayer Jessica L sold 16,573 shares of CAH for 109.39 per share on Aug 21 ’24. After the transaction, the Chief Legal/Compliance Officer now owns 75,971 company shares. In a previous transaction on Aug 21 ’24, Mayer Jessica L bought 16,573 shares at 109.39 per share.

Among the insiders who sold shares, Mayer Jessica L disposed of 17,896 shares on Aug 15 ’24 at a per-share price of $106.48. This resulted in the Chief Legal/Compliance Officer holding 94,529 shares of CAH after the transaction. In another insider transaction, Alt Aaron E sold 2,323 shares at $108.91 per share on Aug 19 ’24. Company shares held by the Chief Financial Officer now total 36,867.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Cardinal Health, Inc. pays an annual dividend of $2.01, resulting in a dividend yield of 1.79%, and it has a price to earnings (P/E) ratio of 32.35. CAH’s most recent ex-dividend date was 10/1/2024 when it declared a $0.5060 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 7/1/2024. The CAH stock dividend was $0.5056 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CAH has a high of $116.04 and a low of $85.82.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CAH’s latest balance sheet shows that the firm has $4.72B in Cash & Short Term Investments as of fiscal 2022. There were $5.32B in debt and $30.55B in liabilities at the time. Its Book Value Per Share was -$13.17, while its Total Shareholder’s Equity was -$706.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAH is Buy with a score of 3.60.

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