Copperwynd Financial LLC Lowers Position in Cardinal Health, Inc. (NYSE:CAH)

Copperwynd Financial LLC cut its stake in Cardinal Health, Inc. (NYSE:CAH) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,091 shares of the company’s stock after selling 110 shares during the quarter. Copperwynd Financial LLC’s holdings in Cardinal Health were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in shares of Cardinal Health by 1.9% during the fourth quarter. First Eagle Investment Management LLC now owns 10,516 shares of the company’s stock valued at $1,244,000 after acquiring an additional 200 shares during the last quarter. LBP AM SA increased its position in shares of Cardinal Health by 45.3% during the fourth quarter. LBP AM SA now owns 54,034 shares of the company’s stock valued at $6,391,000 after acquiring an additional 16,856 shares during the last quarter. Achmea Investment Management B.V. increased its position in shares of Cardinal Health by 43.1% during the fourth quarter. Achmea Investment Management B.V. now owns 198,698 shares of the company’s stock valued at $23,500,000 after acquiring an additional 59,836 shares during the last quarter. Vestcor Inc increased its position in shares of Cardinal Health by 8.8% during the fourth quarter. Vestcor Inc now owns 13,844 shares of the company’s stock valued at $1,637,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Cardinal Health by 1.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,034 shares of the company’s stock valued at $950,000 after acquiring an additional 99 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAH. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Citigroup increased their price objective on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $145.00 in a report on Monday, January 6th. Finally, Mizuho started coverage on Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Stock Performance

NYSE:CAH opened at $128.20 on Friday. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The stock has a fifty day moving average of $126.33 and a 200 day moving average of $119.31.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is 37.69%.

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.