Private Trust Co. NA Increases Investment in Cardinal Health, with 518 Share Acquisition
January 4, 2023
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CARDINAL HEALTH ($NYSE:CAH) is a global, integrated healthcare services and products company providing customized solutions for hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices worldwide. The company is committed to delivering high quality, cost effective healthcare services and products to the customers it serves. Its products range from pharmaceuticals and medical supplies to branded consumer products, medical equipment, and services. Private Trust Co. NA has recently increased its investment in CARDINAL HEALTH by acquiring 518 shares.
The company has recently released strong financial results, with solid growth in both revenues and profits. Moreover, CARDINAL HEALTH’s leading position in the healthcare industry and its broad portfolio of products and services make it an attractive long-term investment for investors.
Share Price
This news has been received positively by the media recently, as CARDINAL HEALTH is one of the leading healthcare services and products companies in the US. On Tuesday, CARDINAL HEALTH opened at $76.5 and closed at $76.7, down by a slight 0.2% from the previous closing price of $76.9. Private Trust Co. NA’s decision to increase their investment in CARDINAL HEALTH is an indication of their confidence in the company’s future performance and potential for growth. CARDINAL HEALTH has had a strong track record of delivering high-quality healthcare services and products, which has helped them to become a leading player in the industry. The company has also been investing heavily in new technologies and expanding their operations in order to meet the changing needs of their customers.
As a result, CARDINAL HEALTH is well-positioned to capitalize on the growing demand for healthcare services and products in the US. Investors have responded positively to the news of Private Trust Co. NA’s increased investment in CARDINAL HEALTH and are optimistic about the company’s future prospects. As the demand for healthcare services and products continues to grow, CARDINAL HEALTH is well-positioned to benefit from this growth and deliver strong returns to shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cardinal Health. More…
| Total Revenues | Net Income | Net Margin |
| 187k | -1.09k | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cardinal Health. More…
| Operations | Investing | Financing |
| 3.79k | -365 | -2.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cardinal Health. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.39k | 45.17k | -6.8 |
Key Ratios Snapshot
Some of the financial key ratios for Cardinal Health are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | -4.9% | -0.5% |
| FCF Margin | ROE | ROA |
| 1.8% | 44.9% | -1.3% |
VI Analysis
CARDINAL HEALTH is a medium risk investment according to the VI Risk Rating. VI App helps to simplify the analysis of the company’s fundamentals, which reflects its long-term potential. The app has detected one risk warning in the income sheet, which can be assessed by registering on the vi.app website. Investors should consider other factors when evaluating CARDINAL HEALTH as a potential investment. These include the company’s competitive position in its industry, the strength of its management team, the size and growth of the market it serves, its strategy and competitive advantages, and its financial performance. It is important to note that there are some risks associated with investing in CARDINAL HEALTH. These include business risks such as changes in demand or shifts in customer preferences, financial risks such as changes in interest rates or currency exchange rates, and operational risks such as production disruptions or supply chain problems. CARDINAL HEALTH is also subject to regulations and other legal requirements, which can affect its ability to operate effectively and profitably. Investors should take these factors into account when evaluating the company’s potential as an investment. In conclusion, CARDINAL HEALTH may be a medium risk investment according to the VI Risk Rating, but investors should also consider a range of other factors before making a decision. By registering on the vi.app website, investors can assess the risk warning that has been detected in the income sheet. This can provide additional insight into the company’s long-term potential. More…
VI Peers
Its competitors are AmerisourceBergen Corp, McKesson Corp, and Sigma Healthcare Ltd.
– AmerisourceBergen Corp ($NYSE:ABC)
AmerisourceBergen Corp is a drug wholesaler that was founded in 1985. The company has a market cap of 32.4B as of 2022 and a return on equity of 417.0%. AmerisourceBergen Corp distributes prescription drugs and other healthcare products and services to healthcare providers and pharmaceutical companies. The company operates in two segments, Pharmaceutical Distribution and Other.
– McKesson Corp ($NYSE:MCK)
McKesson Corp is a healthcare services and information technology company. It has a market cap of 55.96B as of 2022 and a Return on Equity of -74.43%. The company provides a range of services and products to healthcare providers, payers, and consumers. These services and products include prescription drugs, medical supplies, and software and technology solutions.
– Sigma Healthcare Ltd ($ASX:SIG)
Sigma Healthcare Ltd is a pharmaceutical company with a market cap of 683.23M as of 2022 and a ROE of 0.46%. The company manufactures and distributes a range of prescription and over-the-counter medicines, medical devices, and other healthcare products.
Summary
Cardinal Health, Inc. is a large healthcare services and products company based in Dublin, Ohio. Recently, Private Trust Co. NA acquired 518 shares of Cardinal Health, and this has been seen as a positive sign for the company’s future. Investors have been attracted to Cardinal Health due to its diversified portfolio of products and services, as well as its strong financial performance and consistent growth over the years.
Investors are also encouraged by the company’s focus on innovation, customer service, and capital efficiency. While the stock market can be volatile, investors have overall viewed the acquisition of more shares in Cardinal Health as a sign of confidence in the company’s future.
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