FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,870 shares of the company's stock, valued at approximately $258,000.
Several other large investors have also bought and sold shares of CAH. Proficio Capital Partners LLC bought a new position in Cardinal Health in the 4th quarter worth about $14,995,000. Independent Advisor Alliance lifted its position in Cardinal Health by 10.8% in the 4th quarter. Independent Advisor Alliance now owns 17,534 shares of the company's stock worth $2,074,000 after buying an additional 1,713 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in Cardinal Health by 16.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,773 shares of the company's stock worth $328,000 after purchasing an additional 382 shares during the period. Sequoia Financial Advisors LLC increased its stake in Cardinal Health by 14.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,799 shares of the company's stock worth $1,041,000 after purchasing an additional 1,129 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Cardinal Health by 4.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,732 shares of the company's stock worth $914,000 after purchasing an additional 297 shares during the period. 87.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on CAH. UBS Group lifted their price target on Cardinal Health from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Citigroup reissued a "neutral" rating and set a $170.00 target price (up from $157.00) on shares of Cardinal Health in a research note on Friday, June 13th. 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 note on Tuesday, June 10th. Robert W. Baird boosted their target price on Cardinal Health from $156.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Evercore ISI reissued an "outperform" rating and set a $180.00 target price (up from $175.00) on shares of Cardinal Health in a research note on Thursday, June 12th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cardinal Health has a consensus rating of "Moderate Buy" and an average target price of $157.43.
Check Out Our Latest Analysis on CAH
Cardinal Health Stock Performance
NYSE CAH opened at $160.87 on Friday. The company has a market cap of $38.40 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.61 and a beta of 0.68. The business's 50 day moving average price is $157.67 and its 200-day moving average price is $138.75. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $168.44.
Cardinal Health (NYSE:CAH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.15 by $0.20. The company 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 68.84% and a net margin of 0.70%. Cardinal Health's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 EPS. As a group, equities analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.
Cardinal Health Increases Dividend
The company also recently declared 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. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.27%. Cardinal Health's dividend payout ratio is presently 31.83%.
About Cardinal Health
(
Free Report)
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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