Hancock Whitney Corp Decreases Stake in Cardinal Health, Inc. (NYSE:CAH)

Hancock Whitney Corp reduced its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,464 shares of the company’s stock after selling 739 shares during the quarter. Hancock Whitney Corp’s holdings in Cardinal Health were worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC increased its stake in Cardinal Health by 10.1% in the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock valued at $101,000 after purchasing an additional 79 shares in the last quarter. Private Trust Co. NA increased its position in shares of Cardinal Health by 11.0% in the fourth quarter. Private Trust Co. NA now owns 930 shares of the company’s stock valued at $110,000 after buying an additional 92 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Cardinal Health by 2.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock valued at $411,000 after buying an additional 93 shares in the last quarter. TIAA Trust National Association raised its stake in shares of Cardinal Health by 4.5% during the 4th quarter. TIAA Trust National Association now owns 2,183 shares of the company’s stock worth $258,000 after buying an additional 94 shares during the last quarter. Finally, MWA Asset Management boosted its position in shares of Cardinal Health by 2.9% in the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock worth $393,000 after buying an additional 95 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CAH. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Bank of America raised their price target on Cardinal Health from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Mizuho upped their price objective on Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Morgan Stanley lifted their price objective 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, Argus set a $148.00 target price on shares of Cardinal Health in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and a consensus target price of $140.86.

Cardinal Health Stock Performance

CAH opened at $135.85 on Friday. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $139.50. The company’s 50 day simple moving average is $130.59 and its 200 day simple moving average is $123.78. The stock has a market capitalization of $32.82 billion, a PE ratio of 25.35, a P/E/G ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (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%. As a group, sell-side analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.5056 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.49%. Cardinal Health’s dividend payout ratio is presently 37.69%.

About Cardinal Health

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.