Cozad Asset Management Inc. Reduces Stake in Cardinal Health, Inc. (NYSE:CAH)

Cozad Asset Management Inc. lowered its holdings in Cardinal Health, Inc. (NYSE:CAH) by 3.8% during the fourth quarter, HoldingsChannel reports. The fund owned 25,850 shares of the company’s stock after selling 1,028 shares during the period. Cozad Asset Management Inc.’s holdings in Cardinal Health were worth $3,057,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Counterpoint Mutual Funds LLC increased its holdings in shares of Cardinal Health by 32.3% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 9,226 shares of the company’s stock valued at $1,091,000 after acquiring an additional 2,250 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Cardinal Health by 25.7% in the 4th quarter. Signaturefd LLC now owns 3,396 shares of the company’s stock valued at $402,000 after acquiring an additional 695 shares during the last quarter. Cibc World Markets Corp increased its holdings in shares of Cardinal Health by 82.9% in the 4th quarter. Cibc World Markets Corp now owns 60,564 shares of the company’s stock valued at $7,163,000 after acquiring an additional 27,456 shares during the last quarter. GWN Securities Inc. purchased a new position in shares of Cardinal Health in the 4th quarter valued at about $1,461,000. Finally, Sovereign Investment Advisors LLC purchased a new position in shares of Cardinal Health in the 4th quarter valued at about $361,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Price Performance

CAH opened at $128.20 on Monday. The business has a 50 day simple moving average of $126.33 and a 200-day simple moving average of $119.44. The stock has a market capitalization of $30.97 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results 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%. Research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.58%. Cardinal Health’s dividend payout ratio is currently 37.69%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CAH shares. Morgan Stanley raised their price target on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup raised their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price target on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Mizuho started coverage on Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target on the stock. Finally, Argus set a $148.00 price target on Cardinal Health in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.36.

About Cardinal Health

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.