Toronto Dominion Bank Raises Holdings in Cardinal Health, Inc. (NYSE:CAH)

Toronto Dominion Bank increased its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,697 shares of the company's stock after purchasing an additional 12,236 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Cardinal Health worth $15,694,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAH. Morgan Stanley boosted their target price on shares of Cardinal Health from $142.00 to $166.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Wall Street Zen raised shares of Cardinal Health from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th. Wells Fargo & Company boosted their price target on Cardinal Health from $135.00 to $136.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Citigroup reaffirmed a "neutral" rating on shares of Cardinal Health in a research report on Thursday, May 1st. Finally, Bank of America upped their price objective on shares of Cardinal Health from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cardinal Health presently has an average rating of "Moderate Buy" and a consensus target price of $146.43.

Cardinal Health Stock Performance

CAH stock traded up $0.47 during midday trading on Friday, reaching $154.46. The stock had a trading volume of 2,759,499 shares, compared to its average volume of 2,229,193. The firm has a fifty day simple moving average of $141.26 and a two-hundred day simple moving average of $130.05. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $156.44. The stock has a market cap of $36.87 billion, a PE ratio of 28.82, a P/E/G ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly 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 net margin of 0.59% and a negative return on equity of 59.57%. The company had revenue of $54.88 billion during the quarter, compared to analyst estimates of $55.33 billion. During the same period last year, the firm posted $2.08 EPS. Cardinal Health's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.5107 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, July 1st. Cardinal Health's dividend payout ratio (DPR) is presently 31.83%.

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.