Castlekeep Investment Advisors LLC Takes $141.96 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Castlekeep Investment Advisors LLC bought a new position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,257,447 shares of the company's stock, valued at approximately $141,963,000. Castlekeep Investment Advisors LLC owned 0.52% of Cardinal Health at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CAH. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health during the 4th quarter worth approximately $26,000. Promus Capital LLC bought a new stake in shares of Cardinal Health during the fourth quarter worth about $30,000. Bellwether Advisors LLC acquired a new position in shares of Cardinal Health in the fourth quarter valued at approximately $32,000. Lee Danner & Bass Inc. bought a new position in Cardinal Health in the 4th quarter valued at approximately $35,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Cardinal Health during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Cardinal Health Stock Up 2.8 %

NYSE CAH opened at $149.59 on Monday. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $150.12. The business has a 50 day moving average price of $132.38 and a 200-day moving average price of $125.16. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, beating 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 net margin of 0.59% and a negative return on equity of 59.57%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $2.08 earnings per share. On average, equities research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Cardinal Health from $156.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday. Jefferies Financial Group raised Cardinal Health from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. UBS Group raised their price target on shares of Cardinal Health from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Bank of America upped their price objective on shares of Cardinal Health from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company lifted their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.71.

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.

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