Cardinal Health, Inc. (NYSE:CAH) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC lowered its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 28.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,740 shares of the company's stock after selling 37,312 shares during the period. CWA Asset Management Group LLC's holdings in Cardinal Health were worth $12,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cyrus J. Lawrence LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth $26,000. Promus Capital LLC purchased a new stake in Cardinal Health during the fourth quarter worth about $30,000. Bellwether Advisors LLC purchased a new stake in Cardinal Health during the fourth quarter worth about $32,000. Tompkins Financial Corp grew its position in 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 during the period. Finally, Lee Danner & Bass Inc. purchased a new position in Cardinal Health in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

CAH has been the subject of several research analyst 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 note on Tuesday, April 29th. Mizuho upped their price target on shares of Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, March 31st. 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. Bank of America lifted their price objective on Cardinal Health from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Evercore ISI reissued an "outperform" rating and issued a $180.00 price target (up from $175.00) on shares of Cardinal Health in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $157.43.

Cardinal Health Price Performance

NYSE:CAH traded up $0.60 during mid-day trading on Thursday, reaching $165.51. The company's stock had a trading volume of 2,598,098 shares, compared to its average volume of 2,228,577. The stock has a market cap of $39.50 billion, a P/E ratio of 25.82, a P/E/G ratio of 1.84 and a beta of 0.66. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $166.03. The company's fifty day simple moving average is $148.17 and its two-hundred day simple moving average is $133.48.

Cardinal Health (NYSE:CAH - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.20. The firm had revenue of $54.88 billion during the quarter, compared to the consensus estimate of $55.33 billion. Cardinal Health had a net margin of 0.70% and a negative return on equity of 68.84%. Cardinal Health's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 earnings per share. Sell-side analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a $0.5107 dividend. This is a positive change from Cardinal Health's previous quarterly dividend of $0.51. This represents a $2.04 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, July 1st. Cardinal Health's dividend payout ratio (DPR) is 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.