American Trust Invests $236,000 in Cardinal Health, Inc. (NYSE:CAH)

American Trust bought a new position in Cardinal Health, Inc. (NYSE:CAH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,995 shares of the company's stock, valued at approximately $236,000.

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

Analysts Set New Price Targets

CAH has been the topic of a number of recent research reports. UBS Group raised their price objective on Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Mizuho lifted their price objective 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. Jefferies Financial Group upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. Wells Fargo & Company raised their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target 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. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Cardinal Health presently has an average rating of "Moderate Buy" and a consensus target price of $146.43.

Cardinal Health Stock Up 0.5%

Shares of NYSE:CAH traded up $0.80 during trading on Thursday, hitting $153.93. The stock had a trading volume of 1,233,963 shares, compared to its average volume of 2,225,059. The stock has a 50-day simple moving average of $140.85 and a two-hundred day simple moving average of $129.83. The stock has a market capitalization of $36.74 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $156.44.

Cardinal Health (NYSE:CAH - Get Free Report) last released 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. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. The business had revenue of $54.88 billion for the quarter, compared to the consensus estimate of $55.33 billion. During the same period in the prior year, the firm earned $2.08 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.5107 dividend. 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 1.33%. 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.