Vanguard Personalized Indexing Management LLC Has $1.91 Million Holdings in Cardinal Health, Inc. (NYSE:CAH)

Vanguard Personalized Indexing Management LLC reduced its stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,930 shares of the company's stock after selling 15,983 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Cardinal Health were worth $1,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new position in shares of Cardinal Health during the fourth quarter worth approximately $28,020,000. D Orazio & Associates Inc. boosted its position in Cardinal Health by 12.1% in the 4th quarter. D Orazio & Associates Inc. now owns 3,696 shares of the company's stock valued at $373,000 after buying an additional 399 shares during the last quarter. Westpac Banking Corp lifted its position in Cardinal Health by 5.8% during the 4th quarter. Westpac Banking Corp now owns 7,901 shares of the company's stock valued at $796,000 after purchasing an additional 435 shares during the period. First United Bank & Trust acquired a new stake in Cardinal Health during the 4th quarter worth $94,000. Finally, Advisor OS LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $238,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CAH. Wells Fargo & Company lowered their target price on Cardinal Health from $96.00 to $94.00 and set an "underweight" rating for the company in a report on Monday, April 29th. Leerink Partnrs reaffirmed an "outperform" rating on shares of Cardinal Health in a 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 company a "buy" rating in a research note on Monday, February 5th. Robert W. Baird decreased their price objective on shares of Cardinal Health from $134.00 to $128.00 and set an "outperform" rating for the company in a research report on Friday, May 3rd. Finally, StockNews.com lowered shares of Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 10th. One research 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. According to MarketBeat.com, Cardinal Health presently has a consensus rating of "Moderate Buy" and an average target price of $107.57.

Cardinal Health Stock Performance

CAH stock traded up $0.38 during mid-day trading on Friday, reaching $99.08. The company had a trading volume of 1,304,327 shares, compared to its average volume of 2,235,378. Cardinal Health, Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $116.04. The company has a market capitalization of $24.13 billion, a price-to-earnings ratio of 43.87, a price-to-earnings-growth ratio of 1.10 and a beta of 0.71. The firm has a fifty day simple moving average of $106.66 and a 200 day simple moving average of $105.36.

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

Cardinal Health Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Cardinal Health's previous quarterly dividend of $0.50. The ex-dividend date is Monday, July 1st. Cardinal Health's payout ratio is 88.89%.

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.