MRP Capital Investments LLC Buys 150 Shares of Cardinal Health, Inc. (NYSE:CAH)

MRP Capital Investments LLC increased its stake in Cardinal Health, Inc. (NYSE:CAH) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,140 shares of the company’s stock after acquiring an additional 150 shares during the quarter. MRP Capital Investments LLC’s holdings in Cardinal Health were worth $608,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CAH. Promus Capital LLC bought a new stake in shares of Cardinal Health in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new position in Cardinal Health during the 4th quarter worth $35,000. Kentucky Trust Co purchased a new position in Cardinal Health during the 4th quarter worth $41,000. HHM Wealth Advisors LLC boosted its holdings 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 last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Cardinal Health by 29.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock worth $55,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Up 0.7 %

Shares of NYSE:CAH opened at $133.02 on Friday. The company has a 50 day moving average of $127.15 and a 200 day moving average of $119.87. The stock has a market cap of $32.13 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $133.77.

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

Cardinal Health Dividend Announcement

The business 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. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.52%. Cardinal Health’s dividend payout ratio is presently 37.69%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Citigroup boosted their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price target on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, TD Cowen raised 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 report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.