Lido Advisors LLC Boosts Stake in Cardinal Health, Inc. (NYSE:CAH)

Lido Advisors LLC grew its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 53.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,252 shares of the company's stock after acquiring an additional 7,042 shares during the period. Lido Advisors LLC's holdings in Cardinal Health were worth $2,395,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Cyrus J. Lawrence LLC purchased a new position in Cardinal Health during the 4th quarter valued at about $26,000. Promus Capital LLC bought a new stake in shares of Cardinal Health during the 4th quarter valued at about $30,000. Bellwether Advisors LLC purchased a new position in shares of Cardinal Health during the fourth quarter worth about $32,000. Lee Danner & Bass Inc. bought a new position in shares of Cardinal Health in the fourth quarter worth approximately $35,000. Finally, Kentucky Trust Co purchased a new stake in Cardinal Health in the fourth quarter valued at approximately $41,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CAH has been the topic of several research reports. Argus set a $148.00 price target on shares of Cardinal Health in a research note on Tuesday, February 4th. TD Cowen upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and upped their price target for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Morgan Stanley lifted their price objective on Cardinal Health from $142.00 to $166.00 and gave the stock an "overweight" rating in a report on Monday. UBS Group boosted their price objective on Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Mizuho increased 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. Four equities 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.43.

Cardinal Health Price Performance

NYSE:CAH traded up $0.01 during mid-day trading on Tuesday, hitting $152.00. 503,606 shares of the company's stock were exchanged, compared to its average volume of 2,532,046. The company has a market cap of $36.72 billion, a PE ratio of 28.36, a P/E/G ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $152.98. The business has a fifty day moving average price of $132.87 and a 200 day moving average price of $125.44.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 0.59% and a negative return on equity of 59.57%. Cardinal Health's revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $2.08 EPS. On average, equities analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.5107 dividend. This represents a $2.04 annualized dividend and a yield of 1.34%. This is a boost from Cardinal Health's previous quarterly dividend of $0.51. Cardinal Health's dividend payout ratio (DPR) is currently 37.69%.

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.