Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA raised its position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 69.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,946 shares of the company's stock after buying an additional 32,436 shares during the quarter. Unigestion Holding SA's holdings in Cardinal Health were worth $10,876,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cyrus J. Lawrence LLC purchased a new position in shares of Cardinal Health in the fourth quarter valued at $26,000. Tompkins Financial Corp grew its stake in shares of Cardinal Health by 106.7% in 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. Promus Capital LLC bought a new stake in shares of Cardinal Health in the 4th quarter worth about $30,000. Bellwether Advisors LLC purchased a new stake in shares of Cardinal Health during the 4th quarter valued at about $32,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Cardinal Health in the 4th quarter valued at about $35,000. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

CAH has been the topic of a number of recent research reports. Mizuho upped their price objective on Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Jefferies Financial Group upgraded Cardinal Health from a "hold" rating to a "buy" rating and raised their price target for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Morgan Stanley boosted their price objective 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. Wall Street Zen upgraded shares of Cardinal Health from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. Finally, Robert W. Baird upped their price target on shares of Cardinal Health from $156.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.50.

Cardinal Health Stock Down 0.8%

CAH stock traded down $1.29 during trading on Wednesday, hitting $154.19. 1,346,464 shares of the company's stock traded hands, compared to its average volume of 2,214,820. The firm has a market capitalization of $36.80 billion, a P/E ratio of 28.77, a PEG ratio of 1.49 and a beta of 0.66. The business has a fifty day simple moving average of $142.49 and a two-hundred day simple moving average of $130.79. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $158.02.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $54.88 billion during the quarter, compared to analyst estimates of $55.33 billion. During the same quarter in the prior year, the business posted $2.08 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid 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 is Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.32%. Cardinal Health's payout ratio is presently 31.83%.

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.