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As Cardinal Health (CAH) Stock Price Rose, Baupost Group Has Cut Its Position by $19.16 Million; Dumont & Blake Investment Advisors Cut Position in International Business Machine (Call) (IBM) as Share Price Declined – The DMinute

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Dumont & Blake Investment Advisors Llc decreased its stake in International Business Machine (Call) (IBM) by 97.38% based on its latest 2018Q3 regulatory filing with the SEC. Dumont & Blake Investment Advisors Llc sold 18,550 shares as the company’s stock declined 16.83% with the market. The institutional investor held 500 shares of the computer manufacturing company at the end of 2018Q3, valued at $76,000, down from 19,050 at the end of the previous reported quarter. Dumont & Blake Investment Advisors Llc who had been investing in International Business Machine (Call) for a number of months, seems to be less bullish one the $99.38B market cap company. The stock decreased 1.43% or $1.59 during the last trading session, reaching $109.35. About 2.16 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since December 24, 2017 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 20/03/2018 – Apple Rumors Feed: Apple IBM combine Watson and Core ML for the smartest ever mobile apps (Ben Lovejoy/9 to 5 Mac); 17/04/2018 – IBM Ongoing GAAP and Operating Tax Rates Were About 14 % and 16 %, Respectively; 16/03/2018 – IBM Helps Accelerate Al with Fast New Data Platform, Elite Team; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 26/04/2018 – TSB’S CEO PESTER SAYS l HAVE DRAFTED IN IBM EXPERTS TO HELP FIX ONLINE BANKING PROBLEMS; 20/03/2018 – International Business Machines Corp: Doc re Form 8-K; 08/03/2018 – IBM Gave Presentation at Investor Briefing; 16/04/2018 – International Business Machines Corp expected to post earnings of $2.41 a share – Earnings Preview; 14/03/2018 – Cloudflare and IBM Collaborate to Extend Security and Performance from the Cloud to the Network Edge; 17/04/2018 – IBM – IN ADDITION, SETTLED NUMBER OF U.S. AND FOREIGN TAX AUDITS, WHICH DROVE DISCRETE NONCASH TAX BENEFITS OF $810 MLN IN QUARTER- CONF CALL

Baupost Group Llc decreased its stake in Cardinal Health Inc (CAH) by 7.09% based on its latest 2018Q3 regulatory filing with the SEC. Baupost Group Llc sold 361,515 shares as the company’s stock rose 0.32% while stock markets declined. The hedge fund held 4.74M shares of the health care company at the end of 2018Q3, valued at $255.88M, down from 5.10 million at the end of the previous reported quarter. Baupost Group Llc who had been investing in Cardinal Health Inc for a number of months, seems to be less bullish one the $12.95 billion market cap company. The stock decreased 2.16% or $0.96 during the last trading session, reaching $43.48. About 960,075 shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 9.32% since December 24, 2017 and is downtrending. It has underperformed by 9.32% the S&P500. Some Historical CAH News: 23/04/2018 – The Kroger Co. and Cardinal Health to Co-Host Drug Take-Back Events Across 26 States on April 28; 16/04/2018 – Cardinal Health CDS Tightens 8 Bps, Most in 3 Years; 16/04/2018 – Amazon shelves plans to sell, distribute drugs to hospitals- CNBC; 03/05/2018 – Cardinal Health misses profit and cuts forecast as medical device unit stumbles; 03/05/2018 – CARDINAL HEALTH INC – UPDATES FISCAL YEAR 2018 OUTLOOK; 03/05/2018 – CARDINAL CFO: CO. ‘WILL NOT ACHEIVE’ 6% MARGIN IN 2H18; 27/03/2018 – PRESS RELEASE – SMT AND CARDINAL HEALTH ENTER INTO A STRATEGIC PARTNERSHIP FOR THE INDIAN MARKET; 03/05/2018 – CARDINAL TAX RATE WAS SEVEN PERCENTAGE PTS. ABOVE EXPECTATIONS; 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; 09/03/2018 – Cardinal Health Recommends Shareholders Reject TRC’s ‘mini-tender’ Offer — MarketWatch

Among 20 analysts covering Cardinal Health (NYSE:CAH), 4 have Buy rating, 2 Sell and 14 Hold. Therefore 20% are positive. Cardinal Health had 59 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained Cardinal Health, Inc. (NYSE:CAH) on Thursday, February 11 with “Outperform” rating. Credit Suisse maintained the stock with “Buy” rating in Thursday, July 13 report. The stock has “Buy” rating by Goldman Sachs on Thursday, December 17. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, April 24. Argus Research downgraded Cardinal Health, Inc. (NYSE:CAH) on Wednesday, November 15 to “Hold” rating. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Underweight” rating by Morgan Stanley on Monday, December 3. The rating was maintained by Argus Research with “Buy” on Monday, July 16. Bank of America maintained Cardinal Health, Inc. (NYSE:CAH) on Tuesday, June 7 with “Neutral” rating. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Buy” rating by William Blair on Wednesday, August 26. On Tuesday, October 24 the stock rating was maintained by Mizuho with “Hold”.

More important recent Cardinal Health, Inc. (NYSE:CAH) news were published by: Seekingalpha.com which released: “Cardinal Health: Take A Long-Term View – Seeking Alpha” on September 26, 2018, also Seekingalpha.com published article titled: “Cardinal Health: Showing Strength Through Volatile Times – Seeking Alpha”, Seekingalpha.com published: “How Safe Is Cardinal Health’s Dividend? – Seeking Alpha” on December 12, 2018. More interesting news about Cardinal Health, Inc. (NYSE:CAH) was released by: Nasdaq.com and their article: “Recent Analysis Shows The Goodyear Tire & Rubber, Health Insurance Innovations, Stratasys, The Mosaic, Cardinal Health, and Plug Power Market Influences — Renewed Outlook, Key Drivers of Growth – Nasdaq” with publication date: December 18, 2018.

Investors sentiment increased to 0.99 in 2018 Q3. Its up 0.03, from 0.96 in 2018Q2. It increased, as 51 investors sold CAH shares while 195 reduced holdings. 68 funds opened positions while 176 raised stakes. 258.08 million shares or 2.70% less from 265.24 million shares in 2018Q2 were reported. Moreover, Raab And Moskowitz Asset Mgmt Limited Liability has 0% invested in Cardinal Health, Inc. (NYSE:CAH). Metropolitan Life Ny holds 45,089 shares or 0.05% of its portfolio. Cambridge Research Advisors Inc accumulated 9,162 shares or 0% of the stock. Visionary Asset Mgmt Inc stated it has 0.79% in Cardinal Health, Inc. (NYSE:CAH). Lodestar Investment Counsel Limited Liability Com Il holds 0.03% or 5,583 shares. Lpl Financial Lc holds 55,727 shares or 0.01% of its portfolio. Reilly Advsr Limited Liability Com holds 174 shares or 0% of its portfolio. 399,400 are held by Adage Ptnrs Group Ltd Liability. Moreover, Advisory Network Ltd Co has 0.01% invested in Cardinal Health, Inc. (NYSE:CAH) for 1,301 shares. Kistler holds 0% in Cardinal Health, Inc. (NYSE:CAH) or 188 shares. Nuveen Asset Mngmt Lc invested 0.11% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Denali Limited Liability reported 0.74% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Sigma Planning owns 4,942 shares. Advsrs Asset Management holds 0.3% in Cardinal Health, Inc. (NYSE:CAH) or 340,622 shares. Missouri-based Amer Century has invested 0.27% in Cardinal Health, Inc. (NYSE:CAH).

Since August 20, 2018, it had 0 insider purchases, and 2 sales for $194,798 activity. $44,662 worth of Cardinal Health, Inc. (NYSE:CAH) shares were sold by LAWS STUART G.

Analysts await Cardinal Health, Inc. (NYSE:CAH) to report earnings on February, 14. They expect $1.10 EPS, down 16.03% or $0.21 from last year’s $1.31 per share. CAH’s profit will be $327.72M for 9.88 P/E if the $1.10 EPS becomes a reality. After $1.29 actual EPS reported by Cardinal Health, Inc. for the previous quarter, Wall Street now forecasts -14.73% negative EPS growth.

Baupost Group Llc, which manages about $29.88B and $13.01B US Long portfolio, upped its stake in Mckesson Corp (NYSE:MCK) by 548,000 shares to 2.18M shares, valued at $288.61M in 2018Q3, according to the filing. It also increased its holding in Pg&E Corp (NYSE:PCG) by 14.48M shares in the quarter, for a total of 18.98M shares, and has risen its stake in Tribune Media Co.

Dumont & Blake Investment Advisors Llc, which manages about $295.66M and $256.44 million US Long portfolio, upped its stake in Gentex Corp (NASDAQ:GNTX) by 35,760 shares to 43,260 shares, valued at $928,000 in 2018Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 43,477 shares in the quarter, for a total of 43,677 shares, and has risen its stake in Spdr S&P 500 Etf Trust (Put) (SPY).

Since August 3, 2018, it had 5 insider buys, and 1 insider sale for $426,695 activity. $1.67M worth of International Business Machines Corporation (NYSE:IBM) was sold by Gherson Diane J on Friday, August 3. On Friday, November 2 the insider Rometty Virginia M bought $998,835. OWENS JAMES W bought 1,000 shares worth $114,673. Swedish Joseph bought 2,000 shares worth $232,838. WADDELL FREDERICK H bought $249,722 worth of International Business Machines Corporation (NYSE:IBM) on Thursday, November 1.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 17. They expect $4.86 EPS, down 6.18% or $0.32 from last year’s $5.18 per share. IBM’s profit will be $4.42B for 5.63 P/E if the $4.86 EPS becomes a reality. After $3.42 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 42.11% EPS growth.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of IBM in report on Monday, January 18 with “Sector Perform” rating. The firm has “Buy” rating given on Tuesday, April 19 by Drexel Hamilton. The company was maintained on Tuesday, April 19 by JP Morgan. UBS maintained it with “Buy” rating and $150 target in Tuesday, October 30 report. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, August 22. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Thursday, January 12 by Stifel Nicolaus. On Thursday, July 13 the stock rating was maintained by Guggenheim with “Hold”. Deutsche Bank maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. Deutsche Bank has “Hold” rating and $145 target. The company was maintained on Thursday, October 5 by Stifel Nicolaus. The stock has “Underweight” rating by Barclays Capital on Tuesday, October 18.

Investors sentiment increased to 0.91 in 2018 Q3. Its up 0.01, from 0.9 in 2018Q2. It is positive, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Private Wealth Prns Ltd Liability Com holds 0.09% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3,856 shares. Ohio-based Gateway Investment Advisers Limited Liability Company has invested 0.64% in International Business Machines Corporation (NYSE:IBM). Tctc Holdg Limited has invested 2.89% of its portfolio in International Business Machines Corporation (NYSE:IBM). Rhenman Asset Mngmt Ab holds 0.04% or 2,461 shares. Icon Advisers accumulated 7,500 shares. Levin Cap Strategies LP stated it has 72,919 shares or 0.19% of all its holdings. Northwestern Mutual Wealth Company reported 56,147 shares. Iat Reinsurance accumulated 31,748 shares or 0.7% of the stock. Vanguard Group reported 69.91 million shares. Ckw Grp stated it has 956 shares. Cambridge Investment Inc reported 0.2% of its portfolio in International Business Machines Corporation (NYSE:IBM). Ntv Asset Management Ltd Liability Com holds 0.69% or 16,855 shares. Employees Retirement Association Of Colorado holds 0.14% or 157,088 shares in its portfolio. Maple Cap Management Inc accumulated 4,495 shares. Apriem Advsrs has 0.05% invested in International Business Machines Corporation (NYSE:IBM) for 1,547 shares.

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Source: on 2018-12-24 11:52:30

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