Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Cardinal Health, Inc. (NYSE:CAH)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 270,927 shares of the company's stock after buying an additional 19,151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.11% of Cardinal Health worth $27,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Cornerstone Wealth Management LLC bought a new position in shares of Cardinal Health during the fourth quarter valued at about $209,000. Nordea Investment Management AB lifted its position in shares of Cardinal Health by 50.5% during the fourth quarter. Nordea Investment Management AB now owns 184,537 shares of the company's stock valued at $18,649,000 after purchasing an additional 61,933 shares in the last quarter. Vest Financial LLC lifted its position in shares of Cardinal Health by 15.9% during the fourth quarter. Vest Financial LLC now owns 282,440 shares of the company's stock valued at $28,470,000 after purchasing an additional 38,769 shares in the last quarter. Bellwether Advisors LLC bought a new position in shares of Cardinal Health during the fourth quarter valued at about $6,290,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Cardinal Health by 30.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 547,525 shares of the company's stock valued at $54,618,000 after purchasing an additional 126,668 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CAH. Argus raised shares of Cardinal Health from a "hold" rating to a "buy" rating in a research report on Friday, February 9th. UBS Group raised their price objective on shares of Cardinal Health from $122.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, February 5th. Leerink Partnrs restated an "outperform" rating on shares of Cardinal Health in a report on Monday, February 26th. Barclays began coverage on shares of Cardinal Health in a report on Wednesday, January 3rd. They set an "overweight" rating and a $117.00 price objective for the company. Finally, SVB Leerink began coverage on shares of Cardinal Health in a report on Monday, February 26th. They set an "outperform" rating and a $125.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.07.

Cardinal Health Stock Down 0.5 %

NYSE:CAH traded down $0.52 during mid-day trading on Thursday, hitting $106.00. 1,524,505 shares of the stock traded hands, compared to its average volume of 2,244,482. The business's 50-day moving average price is $109.53 and its 200 day moving average price is $104.03. The company has a market cap of $25.78 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68. Cardinal Health, Inc. has a 12-month low of $77.56 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $1.56 by $0.26. The company 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%. Cardinal Health's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 earnings per share. Analysts anticipate that Cardinal Health, Inc. will post 7.28 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.5006 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 1.89%. Cardinal Health's dividend payout ratio is currently 78.74%.

Cardinal Health Company 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.