Kentucky Trust Co Buys Shares of 350 Cardinal Health, Inc. (NYSE:CAH)

Kentucky Trust Co bought a new stake in Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 350 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAH. Eastern Bank acquired a new stake in Cardinal Health in the third quarter valued at $25,000. 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. Hara Capital LLC acquired a new stake in Cardinal Health in the third quarter valued at $31,000. AM Squared Ltd acquired a new stake in Cardinal Health in the third quarter valued at $33,000. Finally, Carolina Wealth Advisors LLC acquired a new stake in Cardinal Health in the third quarter valued at $47,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Trading Down 1.0 %

Cardinal Health stock opened at $127.09 on Thursday. The stock has a market cap of $30.70 billion, a PE ratio of 23.71, a P/E/G ratio of 1.49 and a beta of 0.63. The stock has a 50-day moving average price of $122.69 and a 200 day moving average price of $115.91. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 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 (EPS) 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%. On average, equities analysts predict 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. Shareholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s payout ratio is 37.69%.

Analyst Ratings Changes

A number of equities research analysts have commented on CAH shares. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $145.00 in a report on Monday, January 6th. TD Cowen upgraded Cardinal Health from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Morgan Stanley raised their price target on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and raised their price target for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Finally, Citigroup raised their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.87.

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.