461,114 Shares in Cardinal Health, Inc. (NYSE:CAH) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 461,114 shares of the company's stock, valued at approximately $464,800,000. International Assets Investment Management LLC owned approximately 0.19% of Cardinal Health as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAH. Cornerstone Planning Group LLC bought a new stake in shares of Cardinal Health during the third quarter worth $26,000. Stonebridge Capital Advisors LLC acquired a new position in Cardinal Health during the second quarter valued at approximately $29,000. BKM Wealth Management LLC bought a new stake in Cardinal Health in the fourth quarter valued at approximately $30,000. Retirement Group LLC raised its holdings in Cardinal Health by 1,539.3% in the fourth quarter. Retirement Group LLC now owns 459 shares of the company's stock worth $35,000 after purchasing an additional 431 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in shares of Cardinal Health during the fourth quarter worth $41,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Cardinal Health Trading Down 0.2 %

Shares of Cardinal Health stock traded down $0.20 during trading on Friday, hitting $109.92. 1,400,906 shares of the stock were exchanged, compared to its average volume of 2,136,836. The company has a fifty day moving average price of $109.20 and a 200-day moving average price of $102.97. The stock has a market capitalization of $26.74 billion, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. Cardinal Health, Inc. has a 1-year low of $77.56 and a 1-year high of $116.04.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.26. The firm had revenue of $57.45 billion during the quarter, compared to the consensus estimate of $57.02 billion. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. Equities research analysts forecast that Cardinal Health, Inc. will post 7.28 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.5006 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. Cardinal Health's payout ratio is presently 78.74%.

Wall Street Analysts Forecast Growth

CAH has been the topic of several research analyst reports. SVB Leerink began coverage on Cardinal Health in a research note on Monday, February 26th. They set an "outperform" rating and a $125.00 price objective on the stock. UBS Group boosted their price objective on Cardinal Health from $122.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, February 5th. TheStreet downgraded shares of Cardinal Health from a "b-" rating to a "c+" rating in a report on Wednesday, December 27th. Wells Fargo & Company assumed coverage on shares of Cardinal Health in a report on Thursday, December 14th. They issued an "underweight" rating and a $96.00 price target for the company. Finally, Leerink Partnrs reissued an "outperform" rating on shares of Cardinal Health in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cardinal Health presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.07.

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.