Community Bank & Trust Waco Texas Grows Position in Cardinal Health, Inc. (NYSE:CAH)

Community Bank & Trust Waco Texas boosted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,409 shares of the company’s stock after buying an additional 225 shares during the period. Community Bank & Trust Waco Texas’ holdings in Cardinal Health were worth $640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAH. Livforsakringsbolaget Skandia Omsesidigt increased its position in Cardinal Health by 868.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,799 shares of the company’s stock valued at $641,000 after buying an additional 5,200 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Cardinal Health by 10.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 6,120 shares of the company’s stock valued at $676,000 after buying an additional 555 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Cardinal Health by 48.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,875 shares of the company’s stock valued at $981,000 after buying an additional 2,880 shares in the last quarter. Sound Income Strategies LLC increased its position in Cardinal Health by 8,455.0% during the 3rd quarter. Sound Income Strategies LLC now owns 1,711 shares of the company’s stock valued at $189,000 after buying an additional 1,691 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in Cardinal Health by 8.4% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 5,614 shares of the company’s stock valued at $620,000 after buying an additional 434 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley lifted their target price on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup lifted their price objective on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a report on Monday, November 4th. StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, UBS Group lifted their price objective on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Cardinal Health presently has an average rating of “Moderate Buy” and an average target price of $136.87.

Cardinal Health Stock Performance

NYSE CAH opened at $127.30 on Tuesday. The company has a market capitalization of $30.75 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63. The business’s fifty day moving average is $122.55 and its 200 day moving average is $115.62. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating 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, sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.59%. Cardinal Health’s payout ratio is 37.69%.

Cardinal Health 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.