126,785 Shares in Cardinal Health, Inc. (NYSE:CAH) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Cardinal Health, Inc. (NYSE:CAH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 126,785 shares of the company’s stock, valued at approximately $14,995,000. Proficio Capital Partners LLC owned 0.05% of Cardinal Health at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC raised its position in Cardinal Health by 69.8% in the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. Hara Capital LLC bought a new position in shares of Cardinal Health during the 3rd quarter worth approximately $31,000. AM Squared Ltd acquired a new stake in shares of Cardinal Health in the third quarter valued at approximately $33,000. Kentucky Trust Co bought a new stake in shares of Cardinal Health in the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after purchasing an additional 144 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Price Performance

NYSE:CAH opened at $129.71 on Friday. The company has a market cap of $31.33 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.49 and a beta of 0.63. The firm’s fifty day moving average price is $124.74 and its two-hundred day moving average price is $118.16. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $132.84.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating 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 research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.56%. Cardinal Health’s payout ratio is currently 37.69%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CAH shares. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Mizuho began coverage on Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price on the stock. Citigroup increased their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price objective on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.36.

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.