O Shaughnessy Asset Management LLC Cuts Stake in Cardinal Health, Inc. (NYSE:CAH)

O Shaughnessy Asset Management LLC lessened its holdings in Cardinal Health, Inc. (NYSE:CAH) by 34.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,147 shares of the company’s stock after selling 111,144 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.09% of Cardinal Health worth $25,327,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CAH. Cyrus J. Lawrence LLC purchased a new position in Cardinal Health in the fourth quarter valued at $26,000. Promus Capital LLC purchased a new position in shares of Cardinal Health in the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Cardinal Health during the fourth quarter worth about $35,000. Kentucky Trust Co purchased a new stake in shares of Cardinal Health during the fourth quarter worth approximately $41,000. Finally, HHM Wealth Advisors LLC raised its holdings in Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Performance

NYSE CAH opened at $136.43 on Monday. The firm’s fifty day moving average is $128.36 and its two-hundred day moving average is $120.86. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $137.18. The firm has a market cap of $32.96 billion, a PE ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last posted 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 negative return on equity of 59.57% and a net margin of 0.59%. Research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company 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 dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.48%. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Analyst Upgrades and Downgrades

CAH has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective 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. JPMorgan Chase & Co. raised their price target on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Morgan Stanley raised their target price on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Mizuho initiated coverage on Cardinal Health in a report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.