Cardinal Health, Inc. $CAH Shares Sold by Thomasville National Bank

Thomasville National Bank lowered its stake in Cardinal Health, Inc. (NYSE:CAH) by 26.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,585 shares of the company’s stock after selling 2,391 shares during the quarter. Thomasville National Bank’s holdings in Cardinal Health were worth $1,353,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CAH. SJS Investment Consulting Inc. increased its position in shares of Cardinal Health by 1,363.6% during the third quarter. SJS Investment Consulting Inc. now owns 161 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Cardinal Health in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its position in shares of Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after purchasing an additional 14,034 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Cardinal Health during the 3rd quarter worth approximately $31,000. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of Cardinal Health during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

CAH has been the topic of a number of research analyst reports. TD Cowen boosted their target price on Cardinal Health from $233.00 to $251.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $252.00 price objective on Cardinal Health in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on Cardinal Health from $209.00 to $243.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Jefferies Financial Group increased their target price on Cardinal Health from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Barclays lifted their target price on Cardinal Health from $243.00 to $258.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and an average target price of $244.33.

Cardinal Health Trading Up 0.7%

Cardinal Health stock opened at $213.22 on Friday. The firm has a market capitalization of $50.17 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.36 and a beta of 0.64. Cardinal Health, Inc. has a twelve month low of $129.52 and a twelve month high of $233.60. The stock’s fifty day simple moving average is $217.50 and its 200-day simple moving average is $202.17.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, February 5th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.31 by $0.32. Cardinal Health had a negative return on equity of 92.50% and a net margin of 0.68%.The firm had revenue of $65.63 billion during the quarter, compared to analysts’ expectations of $64.88 billion. During the same period in the previous year, the firm posted $1.93 EPS. Cardinal Health’s revenue for the quarter was up 18.8% on a year-over-year basis. Sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.5107 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.0%. Cardinal Health’s payout ratio is currently 29.35%.

About Cardinal Health

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.