Vontobel Holding Ltd. Acquires 39,800 Shares of Cardinal Health, Inc. (NYSE:CAH)

Vontobel Holding Ltd. raised its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 82.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,162 shares of the company's stock after purchasing an additional 39,800 shares during the period. Vontobel Holding Ltd.'s holdings in Cardinal Health were worth $8,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAH. Cornerstone Planning Group LLC acquired a new position in Cardinal Health during the third quarter worth approximately $26,000. BKM Wealth Management LLC acquired a new stake in shares of Cardinal Health in the fourth quarter worth $30,000. Retirement Group LLC increased its position in shares of 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 acquiring an additional 431 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Cardinal Health in the fourth quarter worth $41,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Cardinal Health in the third quarter worth $47,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAH shares. TheStreet lowered shares of Cardinal Health from a "b-" rating to a "c+" rating in a research report on Wednesday, December 27th. Leerink Partnrs reissued an "outperform" rating on shares of Cardinal Health in a research report on Monday, February 26th. UBS Group increased their price objective on shares of Cardinal Health from $122.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, February 5th. SVB Leerink assumed coverage on shares of Cardinal Health in a research note on Monday, February 26th. They issued an "outperform" rating and a $125.00 target price for the company. Finally, Argus upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.07.

Cardinal Health Stock Performance

Shares of NYSE:CAH traded down $0.65 during trading hours on Wednesday, hitting $106.52. 1,618,270 shares of the company's stock traded hands, compared to its average volume of 2,254,147. Cardinal Health, Inc. has a 52 week low of $77.56 and a 52 week high of $116.04. The company's fifty day simple moving average is $109.46 and its two-hundred day simple moving average is $104.02. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68.

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

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.5006 per share. This represents a $2.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health's payout ratio is presently 78.74%.

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.