Diversified Trust Co Has $1.89 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Diversified Trust Co lowered its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 40.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,748 shares of the company's stock after selling 9,459 shares during the period. Diversified Trust Co's holdings in Cardinal Health were worth $1,894,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CAH. Cyrus J. Lawrence LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth $26,000. Promus Capital LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth $30,000. Bellwether Advisors LLC acquired a new position in shares of Cardinal Health during the 4th quarter worth $32,000. Tompkins Financial Corp raised its holdings in shares of Cardinal Health by 106.7% during the 1st 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. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Cardinal Health during the 4th quarter worth $35,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Cardinal Health Trading Up 1.0%

NYSE CAH opened at $167.18 on Friday. The business's 50-day moving average price is $152.57 and its two-hundred day moving average price is $135.52. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $168.17. The firm has a market capitalization of $39.90 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $2.35 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $55.33 billion. During the same quarter in the previous year, the company posted $2.08 EPS. The business's revenue was up .0% on a year-over-year basis. As a group, analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The firm 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 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 dividend yield of 1.22%. Cardinal Health's dividend payout ratio is presently 31.51%.

Analyst Ratings Changes

A number of research firms have recently commented on CAH. Wall Street Zen raised Cardinal Health from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. UBS Group boosted their price target on Cardinal Health from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Bank of America boosted their price target on Cardinal Health from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Evercore ISI reaffirmed an "outperform" rating and issued a $180.00 target price (up previously from $175.00) on shares of Cardinal Health in a report on Thursday, June 12th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $170.00 target price (up previously from $157.00) on shares of Cardinal Health in a report on Friday, June 13th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cardinal Health has an average rating of "Moderate Buy" and an average price target of $157.43.

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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