Nissay Asset Management Corp Japan ADV Cuts Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Nissay Asset Management Corp Japan ADV reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,449 shares of the company’s stock after selling 624 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Cardinal Health were worth $1,850,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Annapolis Financial Services LLC purchased a new stake in Cardinal Health during the 4th quarter worth approximately $26,000. Cumberland Partners Ltd purchased a new stake in Cardinal Health during the 1st quarter worth approximately $35,000. Jones Financial Companies Lllp purchased a new stake in shares of Cardinal Health in the first quarter valued at approximately $39,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $35,000. Finally, Berman Capital Advisors LLC grew its position in shares of Cardinal Health by 90.6% in the fourth quarter. Berman Capital Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after purchasing an additional 329 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Shares of Cardinal Health stock opened at $60.01 on Friday. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06. Cardinal Health, Inc. has a fifty-two week low of $44.65 and a fifty-two week high of $62.96. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 3.74. The stock has a 50 day simple moving average of $58.71.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, May 6th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.02). The business had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $40.14 billion. Cardinal Health had a return on equity of 98.20% and a net margin of 0.74%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 earnings per share. Equities research analysts predict that Cardinal Health, Inc. will post 5.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Thursday, July 1st will be paid a dividend of $0.4908 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.27%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Wednesday, June 30th. Cardinal Health’s dividend payout ratio is 35.60%.

CAH has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on Cardinal Health from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 3rd. Robert W. Baird restated a “neutral” rating and issued a $64.00 price target (down from $66.00) on shares of Cardinal Health in a research report on Monday, May 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.50.

About Cardinal Health

Cardinal Health, Inc operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. The company operates through two segments, Pharmaceutical and Medical.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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