Brown Advisory Inc. Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Brown Advisory Inc. raised its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 174,862 shares of the company's stock after acquiring an additional 5,229 shares during the period. Brown Advisory Inc. owned 0.07% of Cardinal Health worth $24,091,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cyrus J. Lawrence LLC acquired a new position in Cardinal Health in the fourth quarter valued at $26,000. Tompkins Financial Corp grew its position in shares of Cardinal Health by 106.7% during the first quarter. Tompkins Financial Corp now owns 248 shares of the company's stock worth $34,000 after buying an additional 128 shares in the last quarter. Bellwether Advisors LLC bought a new stake in shares of Cardinal Health in the 4th quarter worth about $32,000. Lee Danner & Bass Inc. acquired a new stake in Cardinal Health during the fourth quarter valued at approximately $35,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Cardinal Health during the 4th quarter valued at approximately $36,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of Cardinal Health from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $136.00 to $179.00 in a report on Tuesday, June 3rd. Bank of America raised their price objective on shares of 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 lifted 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, May 2nd. Citigroup reiterated a "neutral" rating and issued a $170.00 price target (up previously from $157.00) on shares of Cardinal Health in a research report on Friday, June 13th. Finally, Wall Street Zen upgraded shares of Cardinal Health from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.43.

Cardinal Health Stock Down 0.1%

Shares of CAH opened at $164.32 on Thursday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $168.44. The company's fifty day moving average is $157.12 and its 200-day moving average is $138.16. The firm has a market cap of $39.22 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.63 and a beta of 0.68.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $54.88 billion during the quarter, compared to analysts' expectations of $55.33 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The company's revenue was up .0% on a year-over-year basis. As a group, research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share 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. 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 of this dividend is Tuesday, July 1st. This represents a $2.04 annualized dividend and a dividend yield of 1.24%. Cardinal Health's dividend payout ratio (DPR) 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.

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