Money Concepts Capital Corp Has $7.88 Million Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Money Concepts Capital Corp lessened its holdings in Cardinal Health, Inc. (NYSE:CAH) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,643 shares of the company’s stock after selling 1,389 shares during the period. Money Concepts Capital Corp’s holdings in Cardinal Health were worth $7,882,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CAH. Eastern Bank acquired a new position in shares of Cardinal Health in the third quarter valued at approximately $25,000. Frazier Financial Advisors LLC grew its holdings in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Hara Capital LLC acquired a new position in Cardinal Health in the 3rd quarter valued at approximately $31,000. AM Squared Ltd acquired a new position in shares of Cardinal Health during the third quarter worth $33,000. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Cardinal Health in the third quarter worth $47,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of analyst reports. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $150.00 in a research note on Wednesday. Morgan Stanley raised their target price on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup increased their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, UBS Group lifted their price objective on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.87.

Cardinal Health Price Performance

CAH opened at $125.29 on Wednesday. The firm’s fifty day moving average price is $122.16 and its two-hundred day moving average price is $114.75. The company has a market capitalization of $30.27 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.46 and a beta of 0.63. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $132.84.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. As a group, equities analysts anticipate that Cardinal Health, Inc. will post 7.92 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.61%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.