Cardinal Health, Inc. (NYSE:CAH) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 43,822 shares of the company’s stock after selling 1,436 shares during the quarter. US Bancorp DE’s holdings in Cardinal Health were worth $5,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAH. Frazier Financial Advisors LLC lifted its position in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the period. Hara Capital LLC acquired a new stake in Cardinal Health during the 3rd quarter worth about $31,000. AM Squared Ltd acquired a new stake in Cardinal Health during the 3rd quarter worth about $33,000. Kentucky Trust Co acquired a new stake in Cardinal Health during the 4th quarter worth about $41,000. Finally, HHM Wealth Advisors LLC lifted its position in Cardinal Health by 57.6% during the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Up 0.9 %

Shares of Cardinal Health stock opened at $127.50 on Thursday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The business has a 50-day moving average price of $125.28 and a 200 day moving average price of $118.57. The firm has a market cap of $30.80 billion, a PE ratio of 23.79, a P/E/G ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. On average, sell-side analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.59%. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

Analysts Set New Price Targets

A number of research firms have weighed in on CAH. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.36.

About Cardinal Health

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.