Lighthouse Investment Partners LLC Purchases Shares of 9,000 Cardinal Health, Inc. (NYSE:CAH)

Lighthouse Investment Partners LLC acquired a new position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,000 shares of the company's stock, valued at approximately $1,064,000.

Several other large investors have also modified their holdings of the stock. Barclays PLC increased its position in Cardinal Health by 8.2% during the 3rd quarter. Barclays PLC now owns 707,404 shares of the company's stock worth $78,183,000 after purchasing an additional 53,851 shares in the last quarter. Czech National Bank grew its position in Cardinal Health by 5.6% in the fourth quarter. Czech National Bank now owns 52,473 shares of the company's stock valued at $6,206,000 after acquiring an additional 2,800 shares in the last quarter. Brookstone Capital Management grew its position in Cardinal Health by 4.4% in the fourth quarter. Brookstone Capital Management now owns 9,125 shares of the company's stock valued at $1,079,000 after acquiring an additional 381 shares in the last quarter. Wedmont Private Capital grew its position in Cardinal Health by 3.5% in the fourth quarter. Wedmont Private Capital now owns 3,828 shares of the company's stock valued at $465,000 after acquiring an additional 131 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Cardinal Health in the fourth quarter valued at approximately $94,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group increased their price objective on shares of Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Bank of America raised their price target on shares of Cardinal Health from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Robert W. Baird raised their price target on shares of Cardinal Health from $156.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Mizuho raised their price target on shares of Cardinal Health from $142.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Cardinal Health currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.43.

Cardinal Health Price Performance

CAH traded up $1.56 on Tuesday, hitting $155.42. The company had a trading volume of 570,833 shares, compared to its average volume of 2,224,211. The company's fifty day moving average price is $137.63 and its 200 day moving average price is $128.19. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $156.44. The stock has a market cap of $37.09 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.20. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. The company had revenue of $54.88 billion during the quarter, compared to analyst estimates of $55.33 billion. During the same period in the previous year, the company earned $2.08 earnings per share. The company's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.5107 per share. The ex-dividend date is Tuesday, July 1st. This is a boost from Cardinal Health's previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.31%. Cardinal Health's payout ratio is currently 31.83%.

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.