Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Czech National Bank

Czech National Bank raised its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,484 shares of the company's stock after acquiring an additional 3,011 shares during the period. Czech National Bank's holdings in Cardinal Health were worth $7,644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CAH. Cyrus J. Lawrence LLC purchased a new stake in Cardinal Health in the 4th quarter valued at approximately $26,000. Promus Capital LLC purchased a new position in shares of Cardinal Health during the 4th quarter worth approximately $30,000. Bellwether Advisors LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $32,000. Tompkins Financial Corp boosted its stake in shares of Cardinal Health by 106.7% in the first quarter. Tompkins Financial Corp now owns 248 shares of the company's stock valued at $34,000 after buying an additional 128 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CAH. Robert W. Baird raised their target price on Cardinal Health from $156.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Bank of America increased their price target on shares of Cardinal Health from $150.00 to $155.00 and gave the company a "buy" rating in a report on Friday, April 11th. Mizuho boosted their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. UBS Group upped their target price on shares of Cardinal Health from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley lifted their price target on shares of Cardinal Health from $142.00 to $166.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cardinal Health has an average rating of "Moderate Buy" and an average target price of $149.50.

Cardinal Health Stock Down 0.1%

Shares of CAH stock traded down $0.22 during mid-day trading on Thursday, hitting $153.85. 2,242,531 shares of the company's stock were exchanged, compared to its average volume of 2,216,488. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $157.82. The stock has a 50-day simple moving average of $142.85 and a two-hundred day simple moving average of $130.95.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 59.57% and a net margin of 0.59%. The company had revenue of $54.88 billion during the quarter, compared to analysts' expectations of $55.33 billion. During the same quarter in the previous year, the business earned $2.08 EPS. The firm's revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently declared 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 is a positive change 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 yield of 1.33%. Cardinal Health's dividend payout ratio is 31.83%.

About Cardinal Health

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.