Graham Capital Management L.P. Sells 2,545 Shares of Cardinal Health, Inc. (NYSE:CAH)

Graham Capital Management L.P. lowered its stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,197 shares of the company's stock after selling 2,545 shares during the period. Graham Capital Management L.P.'s holdings in Cardinal Health were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC lifted its position in Cardinal Health by 10.1% during the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company's stock valued at $101,000 after buying an additional 79 shares during the period. Private Trust Co. NA grew its position in shares of Cardinal Health by 11.0% in the 4th quarter. Private Trust Co. NA now owns 930 shares of the company's stock worth $110,000 after buying an additional 92 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Cardinal Health by 2.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock worth $411,000 after acquiring an additional 93 shares in the last quarter. TIAA Trust National Association lifted its position in Cardinal Health by 4.5% during the 4th quarter. TIAA Trust National Association now owns 2,183 shares of the company's stock valued at $258,000 after acquiring an additional 94 shares during the period. Finally, MWA Asset Management lifted its position in Cardinal Health by 2.9% during the 4th quarter. MWA Asset Management now owns 3,324 shares of the company's stock valued at $393,000 after acquiring an additional 95 shares during the period. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

CAH has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a "hold" rating to a "buy" rating and raised their target price for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Robert W. Baird upped their target price on shares of Cardinal Health from $156.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Cardinal Health in a report on Thursday, May 1st. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.43.

Cardinal Health Stock Performance

CAH stock traded down $0.57 during midday trading on Thursday, reaching $152.75. 182,859 shares of the company traded hands, compared to its average volume of 2,223,232. The firm has a market capitalization of $36.46 billion, a price-to-earnings ratio of 28.50, 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 $156.44. The business has a 50 day moving average of $138.70 and a 200-day moving average of $128.54.

Cardinal Health (NYSE:CAH - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.20. The firm had revenue of $54.88 billion for the quarter, compared to the consensus estimate of $55.33 billion. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 EPS. Research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.5107 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.34%. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, July 1st. Cardinal Health's dividend payout ratio is presently 31.83%.

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.