Atria Wealth Solutions Inc. Has $4.26 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Atria Wealth Solutions Inc. raised its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,031 shares of the company's stock after acquiring an additional 7,298 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Cardinal Health were worth $4,255,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of Cardinal Health by 82.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company's stock valued at $358,390,000 after purchasing an additional 1,862,291 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Cardinal Health by 118.9% in the 4th quarter. California Public Employees Retirement System now owns 1,516,035 shares of the company's stock valued at $152,816,000 after purchasing an additional 823,520 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cardinal Health in the 4th quarter valued at about $464,800,000. Deutsche Bank AG lifted its holdings in shares of Cardinal Health by 64.9% in the 3rd quarter. Deutsche Bank AG now owns 1,027,670 shares of the company's stock valued at $89,222,000 after purchasing an additional 404,609 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Cardinal Health by 17.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company's stock valued at $264,052,000 after acquiring an additional 389,431 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on CAH. Leerink Partnrs reaffirmed an "outperform" rating on shares of Cardinal Health in a research note on Monday, February 26th. StockNews.com downgraded Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. 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 for the company. Argus raised Cardinal Health from a "hold" rating to a "buy" rating in a research note on Friday, February 9th. Finally, UBS Group increased their target price on Cardinal Health from $122.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $103.07.

Cardinal Health Stock Down 0.6 %

Shares of CAH traded down $0.60 on Friday, reaching $103.21. The stock had a trading volume of 1,399,916 shares, compared to its average volume of 1,705,735. The firm has a market capitalization of $25.10 billion, a PE ratio of 40.63, a PEG ratio of 1.04 and a beta of 0.68. The firm has a 50-day moving average of $109.51 and a 200 day moving average of $104.85. Cardinal Health, Inc. has a twelve month low of $77.56 and a twelve month high of $116.04.

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

Cardinal Health Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.5006 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health's dividend payout ratio (DPR) is presently 78.74%.

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.