Cardinal Health, Inc. (NYSE:CAH) Holdings Decreased by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC trimmed its holdings in shares of Cardinal Health, Inc. (NYSE:CAHFree Report) by 43.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,679 shares of the company’s stock after selling 6,595 shares during the period. Beacon Financial Advisory LLC’s holdings in Cardinal Health were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Schechter Investment Advisors LLC boosted its stake in Cardinal Health by 4.1% during the 4th quarter. Schechter Investment Advisors LLC now owns 2,480 shares of the company’s stock valued at $250,000 after purchasing an additional 98 shares during the period. Cypress Capital Group boosted its position in shares of Cardinal Health by 0.7% in the third quarter. Cypress Capital Group now owns 17,133 shares of the company’s stock valued at $1,487,000 after acquiring an additional 111 shares during the period. MBM Wealth Consultants LLC grew its stake in shares of Cardinal Health by 3.7% in the third quarter. MBM Wealth Consultants LLC now owns 3,238 shares of the company’s stock worth $302,000 after acquiring an additional 115 shares during the last quarter. Keystone Wealth Services LLC grew its stake in shares of Cardinal Health by 3.7% in the third quarter. Keystone Wealth Services LLC now owns 3,388 shares of the company’s stock worth $294,000 after acquiring an additional 121 shares during the last quarter. Finally, G&S Capital LLC increased its position in Cardinal Health by 1.4% during the third quarter. G&S Capital LLC now owns 9,407 shares of the company’s stock worth $817,000 after acquiring an additional 128 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CAH shares. UBS Group raised their price target on shares of Cardinal Health from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Barclays began coverage on Cardinal Health in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $117.00 target price on the stock. Leerink Partnrs reaffirmed an “outperform” rating on shares of Cardinal Health in a report on Monday, February 26th. TheStreet lowered Cardinal Health from a “b-” rating to a “c+” rating in a report on Wednesday, December 27th. Finally, Argus upgraded Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cardinal Health presently has an average rating of “Moderate Buy” and an average target price of $103.07.

Get Our Latest Research Report on CAH

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $110.93 on Thursday. Cardinal Health, Inc. has a 52-week low of $76.21 and a 52-week high of $116.04. The business has a fifty day moving average of $109.03 and a two-hundred day moving average of $102.66. The stock has a market cap of $26.98 billion, a PE ratio of 43.67, a PEG ratio of 1.07 and a beta of 0.68.

Cardinal Health (NYSE:CAHGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.26. The business had revenue of $57.45 billion during the quarter, compared to analysts’ expectations of $57.02 billion. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. Analysts predict that Cardinal Health, Inc. will post 7.29 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.5006 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. Cardinal Health’s dividend payout ratio (DPR) is presently 78.74%.

About Cardinal Health

(Free Report)

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.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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