Cardinal Health, Inc. (NYSE:CAH) Shares Bought by Valley National Advisers Inc.

Valley National Advisers Inc. lifted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,999 shares of the company’s stock after buying an additional 207 shares during the quarter. Valley National Advisers Inc.’s holdings in Cardinal Health were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in Cardinal Health during the 3rd quarter worth $25,000. Frazier Financial Advisors LLC increased its holdings in Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. Hara Capital LLC bought a new position in Cardinal Health during the 3rd quarter worth approximately $31,000. AM Squared Ltd acquired a new position in shares of Cardinal Health in the 3rd quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Cardinal Health in the 3rd quarter valued at approximately $47,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Cardinal Health Stock Down 3.7 %

CAH stock opened at $123.56 on Friday. The company has a 50-day simple moving average of $122.03 and a 200 day simple moving average of $114.19. The company has a market capitalization of $29.90 billion, a P/E ratio of 24.04, a PEG ratio of 1.55 and a beta of 0.63. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. Equities analysts anticipate that Cardinal Health, Inc. will post 7.84 EPS for the current year.

Cardinal Health Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Thursday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

Wall Street Analysts Forecast Growth

CAH has been the topic of several research analyst reports. StockNews.com cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Tuesday, January 7th. Barclays increased their price objective on shares of Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Citigroup lifted their target price on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.64.

Cardinal Health 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.