Cardinal Health Common (CAH) Market Value Declined While Country Trust Bank Has Decreased Its Stake; Tensile Capital Management Has Decreased Stake in Advance Auto Parts (AAP) as Market Value Rose

September 14, 2018 - By Eric Painter

Cardinal Health, Inc. (NYSE:CAH) Logo

Tensile Capital Management Llc decreased its stake in Advance Auto Parts Inc (AAP) by 12.07% based on its latest 2018Q2 regulatory filing with the SEC. Tensile Capital Management Llc sold 75,035 shares as the company’s stock rose 25.94% with the market. The hedge fund held 546,622 shares of the other specialty stores company at the end of 2018Q2, valued at $74.18 million, down from 621,657 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be less bullish one the $12.39B market cap company. The stock increased 0.32% or $0.53 during the last trading session, reaching $167.26. About 129,061 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 71.81% since September 14, 2017 and is uptrending. It has outperformed by 56.19% the S&P500. Some Historical AAP News: 02/04/2018 – Advance Auto Parts CFO Okray to Leave to Join Another Company; 02/04/2018 – W W GRAINGER – MOST RECENTLY, OKRAY SERVED AS EVP AND CFO FOR ADVANCE AUTO PARTS; 29/03/2018 – Moody’s Upgrades Two, Affirms Nine and Downgrades Two Classes of MLMT 2008-C1; 22/05/2018 – Advance Auto Parts 1Q EPS $1.84; 21/04/2018 – DJ Advance Auto Parts Inc, Inst Holders, 1Q 2018 (AAP); 29/03/2018 – The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Advance Auto Parts, Inc. Shareholders and a Lead Plaintiff Deadline of April 9, 2018 (AAP); 02/04/2018 – ADVANCE AUTO PARTS SAYS CFO TOM OKRAY LEAVING CO; 02/04/2018 – Advance Auto Parts Reaffirms Full-Year Guidance

Country Trust Bank decreased its stake in Cardinal Health Inc. Common (CAH) by 99.98% based on its latest 2018Q2 regulatory filing with the SEC. Country Trust Bank sold 206,429 shares as the company’s stock declined 2.32% while stock markets rallied. The institutional investor held 40 shares of the health care company at the end of 2018Q2, valued at $2,000, down from 206,469 at the end of the previous reported quarter. Country Trust Bank who had been investing in Cardinal Health Inc. Common for a number of months, seems to be less bullish one the $16.44B market cap company. The stock increased 0.53% or $0.28 during the last trading session, reaching $53.22. About 288,986 shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 23.76% since September 14, 2017 and is downtrending. It has underperformed by 39.38% the S&P500. Some Historical CAH News: 03/05/2018 – CARDINAL HEALTH INC CAH.N ON CONF CALL SAYS THAT OPERATING COSTS AND INVENTORY RESERVES CONTINUE TO BE CHALLENGES IN CORDIS UNIT; 24/04/2018 – CARDINAL HEALTH INC CAH.N : LEERINK RAISES TO OUTPERFORM FROM MARKET PERFORM; 03/05/2018 – Cardinal Health Lowers Outook on Weak Performance — Earnings Review; 03/05/2018 – CARDINAL HEALTH INC CAH.N CEO SAYS CO EXPECTS CORDIS UNIT WILL BE “ON A PATH TO PROFITABLE GROWTH” BY END OF FY ’19; 03/05/2018 – Cardinal Health Had Seen FY18 Adjusted EPS $5.25-$5.50; 07/03/2018 – FDA HEAD GOTTLIEB CRITICIZES U.S. PHARMACEUTICAL PRICING STRUCTURE, CALLS IT “KABUKI” THEATER; 02/04/2018 – Cardinal Health Inc. CDS Tightens 11 Bps, Most in 4 Years; 03/04/2018 – Cardinal Health to Webcast Discussion of Third-Quarter Results for Fiscal Year 2018 on May 3; 03/05/2018 – CARDINAL HEALTH INC – THIRD-QUARTER REVENUE FOR PHARMACEUTICAL SEGMENT INCREASED 5 PERCENT TO $29.7 BLN; 09/03/2018 – Cardinal Health Recommends Shareholders Reject the Below-Market Mini-Tender Offer by TRC Capital Corporation

Among 29 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 15 have Buy rating, 2 Sell and 12 Hold. Therefore 52% are positive. Advance Auto Parts Inc. had 112 analyst reports since August 5, 2015 according to SRatingsIntel. Credit Suisse maintained Advance Auto Parts, Inc. (NYSE:AAP) on Monday, July 17 with “Buy” rating. As per Thursday, July 6, the company rating was maintained by Wedbush. The firm earned “Outperform” rating on Friday, February 12 by RBC Capital Markets. RBC Capital Markets maintained the shares of AAP in report on Friday, November 13 with “Outperform” rating. Credit Suisse downgraded Advance Auto Parts, Inc. (NYSE:AAP) rating on Thursday, March 1. Credit Suisse has “Hold” rating and $122.0 target. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) on Sunday, October 22 with “Buy” rating. BB&T Capital downgraded the shares of AAP in report on Tuesday, December 15 to “Hold” rating. On Wednesday, August 9 the stock rating was maintained by Jefferies with “Buy”. The stock has “Sell” rating by Barclays Capital on Monday, May 29. The stock has “Neutral” rating by Guggenheim on Wednesday, January 18.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on November, 13. They expect $1.74 earnings per share, up 21.68% or $0.31 from last year’s $1.43 per share. AAP’s profit will be $128.90 million for 24.03 P/E if the $1.74 EPS becomes a reality. After $1.97 actual earnings per share reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -11.68% negative EPS growth.

Investors sentiment decreased to 1.04 in Q2 2018. Its down 0.06, from 1.1 in 2018Q1. It worsened, as 35 investors sold AAP shares while 131 reduced holdings. 63 funds opened positions while 109 raised stakes. 72.49 million shares or 4.78% less from 76.12 million shares in 2018Q1 were reported. Raymond James & Assocs holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 91,614 shares. Gfs Advisors Ltd holds 0.04% or 1,550 shares in its portfolio. Nomura Inc reported 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Stephens Ar reported 3,299 shares. Richmond Hill Investments Ltd Liability Com holds 13.98% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 139,294 shares. Tiaa Cref Investment Mgmt Ltd Company holds 0.03% or 379,221 shares. Mufg Americas Holding Corp reported 614 shares. Amundi Pioneer Asset Incorporated invested in 60,636 shares. Victory Cap Mngmt invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Point72 Asset Mgmt Limited Partnership invested in 84,800 shares. Citadel Advisors Limited Liability Co invested in 784,375 shares or 0.05% of the stock. 597,660 were accumulated by Fil Limited. Cornerstone holds 0.12% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,326 shares. First Mercantile Company invested 0.03% in Advance Auto Parts, Inc. (NYSE:AAP). Sandy Spring Savings Bank has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP).

More news for Advance Auto Parts, Inc. (NYSE:AAP) were recently published by: 247Wallst.com, which released: “Retailers That Are Scoring Big for Investors” on August 18, 2018. Bizjournals.com‘s article titled: “Advance Auto Parts CEO talks up Triangle talent” and published on August 17, 2018 is yet another important article.

Since March 21, 2018, it had 2 buys, and 0 insider sales for $1.20 million activity. On Friday, August 17 TRAVIS NIGEL bought $199,625 worth of Advance Auto Parts, Inc. (NYSE:AAP) or 1,250 shares.

More news for Cardinal Health, Inc. (NYSE:CAH) were recently published by: Seekingalpha.com, which released: “Cardinal Health: The Spring Is Loading” on September 13, 2018. Seekingalpha.com‘s article titled: “Cardinal Health And Generic Price Deflation” and published on September 06, 2018 is yet another important article.

Since August 20, 2018, it had 0 buys, and 1 insider sale for $150,136 activity.

Country Trust Bank, which manages about $2.33 billion US Long portfolio, upped its stake in Chevron Corporation Common (NYSE:CVX) by 20,856 shares to 154,051 shares, valued at $19.48 million in 2018Q2, according to the filing. It also increased its holding in Biogen Inc. Common (NASDAQ:BIIB) by 21,971 shares in the quarter, for a total of 119,960 shares, and has risen its stake in Exxon Mobil Corp. Common (NYSE:XOM).

Investors sentiment decreased to 0.96 in 2018 Q2. Its down 0.04, from 1 in 2018Q1. It is negative, as 65 investors sold CAH shares while 200 reduced holdings. 65 funds opened positions while 190 raised stakes. 265.24 million shares or 5.22% less from 279.84 million shares in 2018Q1 were reported. Hightower Advisors Limited owns 66,786 shares. Old Republic, a Illinois-based fund reported 435,000 shares. Teachers Retirement Of The State Of Kentucky reported 33,525 shares stake. Gateway Invest Advisers Limited Liability Com has invested 0.01% in Cardinal Health, Inc. (NYSE:CAH). Moreover, 1832 Asset Management Limited Partnership has 0% invested in Cardinal Health, Inc. (NYSE:CAH) for 355 shares. Arrowstreet Cap Limited Partnership holds 0.01% of its portfolio in Cardinal Health, Inc. (NYSE:CAH) for 71,100 shares. Prelude Cap Mgmt Lc reported 22,534 shares. Moors Cabot Inc reported 5,081 shares. Legal General Grp Inc Public Limited has invested 0.07% in Cardinal Health, Inc. (NYSE:CAH). Synovus Financial Corp invested in 0% or 1,134 shares. Old Mutual Customised Solutions (Proprietary) Limited stated it has 28,862 shares. Geode Cap Management Ltd Limited Liability Company reported 0.06% in Cardinal Health, Inc. (NYSE:CAH). 19,490 were accumulated by Peninsula Asset Inc. 6,781 were reported by Park Oh. Fosun has invested 0.16% of its portfolio in Cardinal Health, Inc. (NYSE:CAH).

Analysts await Cardinal Health, Inc. (NYSE:CAH) to report earnings on November, 5. They expect $1.10 EPS, up 0.92% or $0.01 from last year’s $1.09 per share. CAH’s profit will be $339.71M for 12.10 P/E if the $1.10 EPS becomes a reality. After $1.01 actual EPS reported by Cardinal Health, Inc. for the previous quarter, Wall Street now forecasts 8.91% EPS growth.

Among 20 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 2 Sell and 13 Hold. Therefore 25% are positive. Cardinal Health had 57 analyst reports since August 10, 2015 according to SRatingsIntel. Mizuho maintained the shares of CAH in report on Tuesday, October 24 with “Hold” rating. On Wednesday, April 19 the stock rating was downgraded by William Blair to “Market Perform”. The stock of Cardinal Health, Inc. (NYSE:CAH) has “Buy” rating given on Wednesday, August 26 by William Blair. Morgan Stanley downgraded the shares of CAH in report on Monday, November 20 to “Underweight” rating. Argus Research upgraded Cardinal Health, Inc. (NYSE:CAH) on Monday, April 2 to “Buy” rating. Credit Suisse maintained it with “Buy” rating and $8700 target in Thursday, July 13 report. Credit Suisse maintained the shares of CAH in report on Thursday, August 3 with “Buy” rating. The stock of Cardinal Health, Inc. (NYSE:CAH) has “Buy” rating given on Tuesday, November 3 by UBS. The firm has “Outperform” rating by Evercore given on Thursday, April 6. The rating was upgraded by Cowen & Co on Tuesday, October 10 to “Buy”.

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