Freestone Capital Holdings LLC Lowers Holdings in Cardinal Health, Inc. (NYSE:CAH)

Freestone Capital Holdings LLC trimmed its position in Cardinal Health, Inc. (NYSE:CAH) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,644 shares of the company’s stock after selling 365 shares during the period. Freestone Capital Holdings LLC’s holdings in Cardinal Health were worth $6,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC lifted 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 acquiring an additional 104 shares during the period. Promus Capital LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth $30,000. Hara Capital LLC acquired a new position in shares of Cardinal Health during the 3rd quarter worth $31,000. AM Squared Ltd acquired a new position in shares of Cardinal Health during the 3rd quarter worth $33,000. Finally, Kentucky Trust Co acquired a new position in Cardinal Health in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $127.50 on Thursday. The stock has a 50 day moving average price of $125.28 and a 200 day moving average price of $118.57. The stock has a market capitalization of $30.80 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84.

Cardinal Health (NYSE:CAH) last announced its 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 negative return on equity of 59.57% and a net margin of 0.59%. As a group, research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.59%. Cardinal Health’s payout ratio is 37.69%.

Analyst Ratings Changes

Several research analysts recently weighed in on CAH shares. Argus set a $148.00 target price on shares of Cardinal Health in a research note on Tuesday, February 4th. TD Cowen upgraded Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the company from $130.00 to $144.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Citigroup lifted their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, Morgan Stanley boosted their target price on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.