Carolina Wealth Advisors LLC Increases Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Carolina Wealth Advisors LLC raised its stake in Cardinal Health, Inc. (NYSE:CAH) by 346.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,917 shares of the company’s stock after buying an additional 1,488 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Cardinal Health were worth $227,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CAH. Dimensional Fund Advisors LP lifted its position in Cardinal Health by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,237,338 shares of the company’s stock valued at $121,664,000 after buying an additional 69,934 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Cardinal Health during the second quarter worth about $232,000. Virtu Financial LLC acquired a new stake in shares of Cardinal Health during the second quarter worth about $2,023,000. E Fund Management Co. Ltd. lifted its position in shares of Cardinal Health by 8.4% during the second quarter. E Fund Management Co. Ltd. now owns 2,054 shares of the company’s stock worth $202,000 after purchasing an additional 159 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Cardinal Health by 7.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 26,078 shares of the company’s stock worth $2,564,000 after purchasing an additional 1,761 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CAH shares. StockNews.com cut shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $145.00 in a report on Monday, January 6th. Morgan Stanley raised their target price on shares of Cardinal Health from $127.00 to $136.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Mizuho initiated coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price on the stock. Finally, UBS Group raised their target price on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.29.

Cardinal Health Stock Up 0.4 %

Cardinal Health stock opened at $124.51 on Thursday. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $126.23. The firm’s 50-day simple moving average is $120.46 and its 200 day simple moving average is $111.50. The firm has a market capitalization of $30.13 billion, a PE ratio of 24.22, a P/E/G ratio of 1.47 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last released its earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.26. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The company had revenue of $52.28 billion for the quarter, compared to analyst estimates of $50.90 billion. During the same period in the prior year, the firm earned $1.73 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, research analysts expect that Cardinal Health, Inc. will post 7.82 EPS for the current fiscal year.

Cardinal Health Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were given a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.