Xponance Inc. Sells 11,617 Shares of Cardinal Health, Inc. (NYSE:CAH)

Xponance Inc. lowered its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,833 shares of the company's stock after selling 11,617 shares during the quarter. Xponance Inc.'s holdings in Cardinal Health were worth $7,279,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CAH. Pinnacle Bancorp Inc. grew its position in Cardinal Health by 11.2% during the first quarter. Pinnacle Bancorp Inc. now owns 767 shares of the company's stock valued at $106,000 after acquiring an additional 77 shares during the last quarter. CSS LLC IL grew its position in Cardinal Health by 0.8% during the fourth quarter. CSS LLC IL now owns 11,190 shares of the company's stock valued at $1,323,000 after acquiring an additional 90 shares during the last quarter. Perigon Wealth Management LLC grew its position in Cardinal Health by 4.2% during the first quarter. Perigon Wealth Management LLC now owns 2,242 shares of the company's stock valued at $309,000 after acquiring an additional 90 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its holdings in shares of Cardinal Health by 2.1% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 4,399 shares of the company's stock worth $606,000 after purchasing an additional 91 shares during the last quarter. Finally, TIAA Trust National Association grew its holdings in shares of Cardinal Health by 4.5% in the fourth quarter. TIAA Trust National Association now owns 2,183 shares of the company's stock worth $258,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

CAH has been the topic of several recent analyst reports. Evercore ISI restated 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. Robert W. Baird raised their target price on shares of Cardinal Health from $156.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company upgraded shares of Cardinal Health from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $136.00 to $179.00 in a report on Tuesday, June 3rd. Mizuho raised their target price on shares of Cardinal Health from $142.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Finally, Morgan Stanley raised their target price on shares of Cardinal Health from $181.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

Cardinal Health Trading Up 0.0%

Cardinal Health stock traded up $0.05 on Wednesday, hitting $161.07. 1,350,718 shares of the stock traded hands, compared to its average volume of 2,232,930. The firm has a market cap of $38.44 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.68. The business's fifty day simple moving average is $158.06 and its 200 day simple moving average is $139.47. Cardinal Health, Inc. has a 1 year low of $93.99 and a 1 year high of $168.44.

Cardinal Health (NYSE:CAH - Get Free Report) last announced 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. The business had revenue of $54.88 billion during the quarter, compared to analyst estimates of $55.33 billion. Cardinal Health had a negative return on equity of 68.84% and a net margin of 0.70%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $2.08 earnings per share. As a group, analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.5107 dividend. This is a boost from Cardinal Health's previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, July 1st. This represents a $2.04 dividend on an annualized basis and a yield of 1.27%. Cardinal Health's payout ratio is presently 31.83%.

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.