Mattson Financial Services LLC Lowers Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Mattson Financial Services LLC lessened its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 18.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,165 shares of the company's stock after selling 2,123 shares during the period. Mattson Financial Services LLC's holdings in Cardinal Health were worth $1,013,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on CAH shares. Robert W. Baird boosted their price target on Cardinal Health from $156.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. UBS Group boosted their price target on Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their price objective on Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Bank of America boosted their price objective on Cardinal Health from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $146.43.

Cardinal Health Stock Up 0.3%

Shares of CAH traded up $0.47 during trading hours on Friday, hitting $154.46. The company had a trading volume of 2,759,499 shares, compared to its average volume of 2,229,496. The firm has a market cap of $36.87 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $156.44. The business has a fifty day moving average of $141.26 and a 200-day moving average of $130.05.

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

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.5107 dividend. This is a positive change from Cardinal Health's previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, July 1st. Cardinal Health's dividend payout ratio is currently 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.