ExodusPoint Capital Management LP Purchases 41,554 Shares of Cardinal Health, Inc. (NYSE:CAH)

ExodusPoint Capital Management LP boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,791 shares of the company’s stock after purchasing an additional 41,554 shares during the period. ExodusPoint Capital Management LP owned about 0.08% of Cardinal Health worth $23,866,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cardinal Health by 35.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company’s stock worth $3,871,000 after buying an additional 8,471 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Cardinal Health by 1.5% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock valued at $28,435,000 after acquiring an additional 3,576 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cardinal Health by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock valued at $633,298,000 after acquiring an additional 42,082 shares in the last quarter. Consolidated Planning Corp grew its position in Cardinal Health by 40.0% during the 4th quarter. Consolidated Planning Corp now owns 8,926 shares of the company’s stock worth $1,056,000 after acquiring an additional 2,552 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in Cardinal Health by 1.8% in the 4th quarter. Flputnam Investment Management Co. now owns 180,586 shares of the company’s stock worth $21,358,000 after purchasing an additional 3,148 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Tuesday, January 7th. Wells Fargo & Company increased their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Finally, Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.14.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $138.82 on Thursday. The stock has a market cap of $33.53 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $139.15. The firm’s 50-day simple moving average is $128.98 and its 200 day simple moving average is $121.33.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.46%. Cardinal Health’s dividend payout ratio is currently 37.69%.

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.