Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Advisor OS LLC

Advisor OS LLC raised its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 15.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,043 shares of the company’s stock after buying an additional 1,080 shares during the period. Advisor OS LLC’s holdings in Cardinal Health were worth $951,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Cardinal Health by 5.2% during the third quarter. Assenagon Asset Management S.A. now owns 10,930 shares of the company’s stock worth $1,208,000 after buying an additional 545 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cardinal Health by 21.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,049 shares of the company’s stock worth $2,640,000 after acquiring an additional 4,253 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Cardinal Health by 93.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 46,065 shares of the company’s stock worth $5,091,000 after purchasing an additional 22,267 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Cardinal Health by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 57,506 shares of the company’s stock valued at $6,354,000 after purchasing an additional 1,920 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Cardinal Health by 20.6% during the third quarter. Nisa Investment Advisors LLC now owns 98,389 shares of the company’s stock worth $10,874,000 after purchasing an additional 16,820 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CAH shares. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Tuesday, January 7th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price target for the company from $132.00 to $145.00 in a report on Monday, January 6th. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. UBS Group boosted their target price on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup raised their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and an average price target of $138.40.

Cardinal Health Trading Up 0.3 %

Shares of NYSE:CAH opened at $127.90 on Wednesday. The firm’s 50 day moving average is $124.08 and its two-hundred day moving average is $117.72. The firm has a market capitalization of $30.90 billion, a P/E ratio of 23.86, a PEG ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 predict that Cardinal Health, Inc. will post 7.95 EPS 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 paid a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 37.69%.

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.