Versor Investments LP Sells 22,000 Shares of Cardinal Health, Inc. (NYSE:CAH)

Versor Investments LP lessened its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 63.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,472 shares of the company's stock after selling 22,000 shares during the period. Versor Investments LP's holdings in Cardinal Health were worth $1,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC grew its holdings in shares of Cardinal Health by 151.4% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 3,660 shares of the company's stock worth $369,000 after purchasing an additional 2,204 shares during the last quarter. Mount Lucas Management LP grew its stake in Cardinal Health by 9.7% during the fourth quarter. Mount Lucas Management LP now owns 65,383 shares of the company's stock worth $6,591,000 after buying an additional 5,774 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Cardinal Health during the fourth quarter worth approximately $200,000. Gladius Capital Management LP raised its stake in shares of Cardinal Health by 177.6% in the fourth quarter. Gladius Capital Management LP now owns 10,703 shares of the company's stock valued at $1,079,000 after acquiring an additional 6,848 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new position in shares of Cardinal Health in the 4th quarter worth approximately $564,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CAH shares. Wells Fargo & Company lowered their price target on shares of Cardinal Health from $96.00 to $94.00 and set an "underweight" rating for the company in a report on Monday, April 29th. Robert W. Baird cut their price target on Cardinal Health from $134.00 to $128.00 and set an "outperform" rating on the stock in a research note on Friday, May 3rd. UBS Group raised their price target on Cardinal Health from $122.00 to $125.00 and gave the company a "buy" rating in a report on Monday, February 5th. StockNews.com cut Cardinal Health from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Leerink Partnrs reaffirmed an "outperform" rating on shares of Cardinal Health in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $107.00.

Cardinal Health Trading Up 1.5 %

Shares of CAH stock traded up $1.47 during trading on Friday, hitting $99.53. The company's stock had a trading volume of 1,726,388 shares, compared to its average volume of 2,248,412. The business has a fifty day moving average of $107.83 and a 200-day moving average of $105.38. The company has a market cap of $24.24 billion, a PE ratio of 44.24, a P/E/G ratio of 1.13 and a beta of 0.71. Cardinal Health, Inc. has a 52 week low of $80.90 and a 52 week high of $116.04.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.13. Cardinal Health had a net margin of 0.25% and a negative return on equity of 54.74%. The company had revenue of $54.90 billion for the quarter, compared to analysts' expectations of $56.05 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. Cardinal Health's revenue was up 8.7% on a year-over-year basis. As a group, research analysts predict that Cardinal Health, Inc. will post 7.35 EPS for the current year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.5056 per share. This is a boost from Cardinal Health's previous quarterly dividend of $0.50. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, July 1st. Cardinal Health's dividend payout ratio is presently 88.89%.

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.