Cardinal Health, Inc. (NYSE:CAH) Shares Bought by Css LLC Il

Css LLC Il increased its position in Cardinal Health, Inc. (NYSE:CAH) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,190 shares of the company’s stock after buying an additional 90 shares during the period. Css LLC Il’s holdings in Cardinal Health were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Cardinal Health in a research note on Thursday, May 1st. Wells Fargo & Company upped their price target on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Morgan Stanley lifted their price objective on Cardinal Health from $142.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Mizuho boosted their price objective on Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, March 31st. Finally, Robert W. Baird upped their target price on Cardinal Health from $156.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus price target of $146.43.

Cardinal Health Trading Up 0.6%

NYSE CAH opened at $154.71 on Wednesday. The stock has a market capitalization of $36.93 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 1.49 and a beta of 0.66. The stock has a 50-day moving average of $138.20 and a 200 day moving average of $128.37. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $156.44.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, May 1st. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.20. The business had revenue of $54.88 billion during the quarter, compared to analysts’ expectations of $55.33 billion. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. During the same period in the previous year, the business earned $2.08 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Equities analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.5107 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. Cardinal Health’s dividend payout ratio is currently 31.83%.

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.