Thoroughbred Financial Services LLC Has $345,000 Position in Cardinal Health, Inc. (NYSE:CAH)

Thoroughbred Financial Services LLC lessened its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,923 shares of the company’s stock after selling 423 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Cardinal Health were worth $345,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CAH. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $26,000. Promus Capital LLC acquired a new stake in shares of Cardinal Health in the fourth quarter worth about $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Cardinal Health during the 4th quarter worth about $35,000. Kentucky Trust Co acquired a new position in shares of Cardinal Health during the 4th quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Cardinal Health by 57.6% in the 4th 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. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

CAH has been the subject of a number of recent analyst reports. Argus set a $148.00 target price on Cardinal Health in a research report on Tuesday, February 4th. Wells Fargo & Company raised 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 note on Tuesday, February 4th. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. 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 report on Tuesday, February 4th. Finally, Citigroup boosted their price objective on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.14.

Cardinal Health Stock Down 5.6 %

NYSE:CAH opened at $129.37 on Monday. The firm has a market cap of $31.25 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $139.50. The company’s 50-day moving average price is $129.15 and its two-hundred day moving average price is $121.69.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping 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%. On average, research analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.56%. Cardinal Health’s dividend payout ratio (DPR) is 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.