Hudson Valley Investment Advisors Inc. ADV Invests $207,000 in Cardinal Health, Inc. (NYSE:CAH)

Hudson Valley Investment Advisors Inc. ADV acquired a new position in Cardinal Health, Inc. (NYSE:CAH) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,500 shares of the company’s stock, valued at approximately $207,000.

Several other large investors also recently added to or reduced their stakes in CAH. Cyrus J. Lawrence LLC purchased a new position in Cardinal Health in the 4th quarter worth approximately $26,000. Promus Capital LLC bought a new stake in shares of Cardinal Health during the 4th quarter worth $30,000. Bellwether Advisors LLC purchased a new position in Cardinal Health in the fourth quarter worth $32,000. Tompkins Financial Corp increased its stake in Cardinal Health by 106.7% in the first quarter. Tompkins Financial Corp now owns 248 shares of the company’s stock valued at $34,000 after acquiring an additional 128 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Cardinal Health during the fourth quarter valued at about $35,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Price Performance

NYSE CAH opened at $154.68 on Friday. The business’s 50-day moving average is $143.52 and its 200 day moving average is $131.51. The stock has a market capitalization of $36.92 billion, a PE ratio of 28.86, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $157.82.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.20. The firm had revenue of $54.88 billion for the quarter, compared to analyst estimates of $55.33 billion. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $2.08 EPS. As a group, equities research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.5107 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.04 annualized dividend and a yield of 1.32%. Cardinal Health’s dividend payout ratio is 31.83%.

Analyst Upgrades and Downgrades

CAH has been the topic of several recent research reports. Bank of America increased their price objective on Cardinal Health from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, April 11th. UBS Group upped their target price on Cardinal Health from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Wells Fargo & Company upgraded shares of Cardinal Health from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $136.00 to $179.00 in a research report on Tuesday, June 3rd. Mizuho boosted their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, March 31st. Finally, Robert W. Baird upped their price objective on shares of Cardinal Health from $156.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.50.

Cardinal Health Company 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.