Mn Services Vermogensbeheer B.V. Sells 6,900 Shares of Cardinal Health, Inc. (NYSE:CAH)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 89,171 shares of the company's stock after selling 6,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Cardinal Health were worth $12,285,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CAH. Cyrus J. Lawrence LLC acquired a new position in Cardinal Health in the 4th quarter valued at approximately $26,000. Promus Capital LLC bought a new position in Cardinal Health in the fourth quarter worth $30,000. Bellwether Advisors LLC acquired a new stake in Cardinal Health during the fourth quarter worth $32,000. Tompkins Financial Corp increased its holdings in Cardinal Health by 106.7% in the 1st quarter. Tompkins Financial Corp now owns 248 shares of the company's stock valued at $34,000 after buying an additional 128 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Cardinal Health in the 4th quarter valued at $35,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Cardinal Health from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley set a $181.00 price target on Cardinal Health and gave the company an "overweight" rating in a research note on Friday. Wells Fargo & Company upgraded Cardinal Health from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $136.00 to $179.00 in a research report on Tuesday, June 3rd. Bank of America lifted their price objective on Cardinal Health from $165.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Citigroup restated a "neutral" rating and issued a $170.00 price target (up from $157.00) on shares of Cardinal Health in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.43.

Cardinal Health Trading Up 1.5%

Shares of CAH traded up $2.48 on Tuesday, reaching $164.89. 2,176,144 shares of the company's stock were exchanged, compared to its average volume of 2,229,374. The business has a 50 day moving average price of $146.79 and a two-hundred day moving average price of $133.04. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $165.42. The stock has a market capitalization of $39.36 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.81 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its 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 net margin of 0.70% and a negative return on equity of 68.84%. 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 company posted $2.08 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current 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 paid a dividend of $0.5107 per share. This represents a $2.04 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, July 1st. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. Cardinal Health's dividend payout ratio (DPR) is presently 31.51%.

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.