XY Planning Network Inc. Invests $303,000 in Cardinal Health, Inc. (NYSE:CAH)

XY Planning Network Inc. acquired a new stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,563 shares of the company's stock, valued at approximately $303,000.

A number of other large investors also recently modified their holdings of CAH. Barclays PLC raised its holdings in Cardinal Health by 8.2% during the 3rd quarter. Barclays PLC now owns 707,404 shares of the company's stock valued at $78,183,000 after buying an additional 53,851 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Cardinal Health in the fourth quarter valued at about $239,000. CX Institutional purchased a new stake in shares of Cardinal Health during the fourth quarter worth about $267,000. Flagship Harbor Advisors LLC grew its stake in shares of Cardinal Health by 7.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 4,521 shares of the company's stock worth $535,000 after purchasing an additional 295 shares during the last quarter. Finally, Patton Albertson Miller Group LLC bought a new stake in shares of Cardinal Health in the fourth quarter worth about $258,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CAH shares. JPMorgan Chase & Co. upped their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Cardinal Health from $156.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley raised their price objective on shares of Cardinal Health from $142.00 to $166.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Argus set a $148.00 target price on Cardinal Health in a report on Tuesday, February 4th. Finally, Mizuho increased their target price on Cardinal Health from $142.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Cardinal Health presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.43.

Cardinal Health Stock Performance

NYSE:CAH traded up $0.47 during trading hours on Friday, reaching $154.46. The company's stock had a trading volume of 2,759,499 shares, compared to its average volume of 2,229,193. The company has a market capitalization of $36.87 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The stock has a 50 day moving average price of $141.26 and a two-hundred day moving average price of $130.05. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $156.44.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $2.35 earnings per share (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 company 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 firm earned $2.08 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts predict that Cardinal Health, Inc. will post 7.95 EPS 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. The ex-dividend date is Tuesday, July 1st. This is an increase from Cardinal Health's previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. Cardinal Health's 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.