1,544 Shares in Cardinal Health, Inc. (NYSE:CAH) Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated purchased a new position in Cardinal Health, Inc. (NYSE:CAH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,544 shares of the company's stock, valued at approximately $211,000.

A number of other large investors also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. raised its holdings in shares of Cardinal Health by 11.2% during the 1st quarter. Pinnacle Bancorp Inc. now owns 767 shares of the company's stock worth $106,000 after acquiring an additional 77 shares in the last quarter. CSS LLC IL raised its holdings in shares of Cardinal Health by 0.8% during the 4th quarter. CSS LLC IL now owns 11,190 shares of the company's stock worth $1,323,000 after acquiring an additional 90 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Cardinal Health by 4.2% during the 1st quarter. Perigon Wealth Management LLC now owns 2,242 shares of the company's stock worth $309,000 after acquiring an additional 90 shares in the last quarter. Smith Shellnut Wilson LLC ADV raised its holdings in shares of Cardinal Health by 2.1% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 4,399 shares of the company's stock worth $606,000 after acquiring an additional 91 shares in the last quarter. Finally, TIAA Trust National Association raised its holdings in shares of Cardinal Health by 4.5% during the 4th quarter. TIAA Trust National Association now owns 2,183 shares of the company's stock worth $258,000 after acquiring an additional 94 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Trading Up 1.6%

Shares of CAH stock opened at $167.62 on Tuesday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $168.44. The stock has a market capitalization of $40.01 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.63 and a beta of 0.68. The stock has a fifty day simple moving average of $156.17 and a two-hundred day simple moving average of $137.79.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.20. Cardinal Health had a negative return on equity of 68.84% and a net margin of 0.70%. The business had revenue of $54.88 billion during the quarter, compared to analysts' expectations of $55.33 billion. During the same period in the prior year, the business earned $2.08 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. Research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.5107 per share. 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 1.22%. The ex-dividend date is Tuesday, July 1st. Cardinal Health's dividend payout ratio is 31.83%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAH. Mizuho boosted their target price on Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. UBS Group boosted their target price on Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley set a $181.00 target price on Cardinal Health and gave the company an "overweight" rating in a research report on Friday, June 13th. Evercore ISI reissued an "outperform" rating and set a $180.00 target price (up previously from $175.00) on shares of Cardinal Health in a research report on Thursday, June 12th. Finally, Bank of America boosted their target price on Cardinal Health from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $157.43.

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.

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