Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its stake in Cardinal Health, Inc. (NYSE:CAH) by 11.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,001 shares of the company’s stock after purchasing an additional 5,037 shares during the period. Orion Portfolio Solutions LLC’s holdings in Cardinal Health were worth $6,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CAH. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health in the 4th quarter worth $26,000. Promus Capital LLC purchased a new stake in shares of Cardinal Health in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new stake in Cardinal Health during the fourth quarter worth about $35,000. Kentucky Trust Co purchased a new position in Cardinal Health during the fourth quarter worth about $41,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Cardinal Health by 57.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Down 0.2 %

Shares of CAH stock opened at $136.43 on Friday. The firm has a 50 day moving average of $128.36 and a two-hundred day moving average of $120.80. The stock has a market capitalization of $32.96 billion, a PE ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $137.18.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.48%. Cardinal Health’s payout ratio is 37.69%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho initiated coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target for the company. Citigroup lifted their target price on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $150.00 in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

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.