1,727 Shares in Cardinal Health, Inc. (NYSE:CAH) Bought by Fielder Capital Group LLC

Fielder Capital Group LLC purchased a new stake in Cardinal Health, Inc. (NYSE:CAH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,727 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Cardinal Health by 18.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,198 shares of the company’s stock valued at $142,000 after acquiring an additional 189 shares during the period. Wakefield Asset Management LLLP acquired a new stake in Cardinal Health during the fourth quarter valued at approximately $526,000. QRG Capital Management Inc. grew its stake in shares of Cardinal Health by 8.2% in the 4th quarter. QRG Capital Management Inc. now owns 32,602 shares of the company’s stock valued at $3,856,000 after purchasing an additional 2,467 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Cardinal Health in the 4th quarter worth approximately $14,995,000. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of Cardinal Health by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 96,071 shares of the company’s stock worth $11,362,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CAH. Barclays increased their price objective on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Morgan Stanley increased 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. Finally, Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $127.22 on Friday. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.49 and a beta of 0.63. The company has a 50 day moving average of $124.52 and a 200-day moving average of $117.85. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $132.84.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Equities research analysts anticipate 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 will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.59%. Cardinal Health’s dividend payout ratio is presently 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.