TD Waterhouse Canada Inc. Boosts Stake in Cardinal Health, Inc. (NYSE:CAH)

TD Waterhouse Canada Inc. grew its stake in Cardinal Health, Inc. (NYSE:CAH) by 253.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,358 shares of the company’s stock after acquiring an additional 1,690 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Cardinal Health were worth $279,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CAH. Cyrus J. Lawrence LLC bought a new position in Cardinal Health in the fourth quarter worth about $26,000. Promus Capital LLC purchased a new position in shares of Cardinal Health in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in shares of Cardinal Health during the 4th quarter worth approximately $35,000. Kentucky Trust Co purchased a new stake in Cardinal Health during the fourth quarter valued at approximately $41,000. Finally, HHM Wealth Advisors LLC boosted its stake in Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after acquiring an additional 144 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Cardinal Health Stock Performance

NYSE CAH opened at $137.64 on Friday. The firm has a market capitalization of $33.25 billion, a P/E ratio of 25.68, a PEG ratio of 1.49 and a beta of 0.61. The stock has a 50-day simple moving average of $130.82 and a two-hundred day simple moving average of $124.02. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $139.50.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share 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%. As a group, analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a dividend of $0.5056 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.47%. Cardinal Health’s dividend payout ratio is presently 37.69%.

Analyst Ratings Changes

CAH has been the subject of several analyst reports. Citigroup increased their price objective on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Bank of America increased their price target on Cardinal Health from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Morgan Stanley boosted 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. Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Finally, Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.86.

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.