First Eagle Investment Management LLC Purchases 200 Shares of Cardinal Health, Inc. (NYSE:CAH)

First Eagle Investment Management LLC raised its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,516 shares of the company’s stock after buying an additional 200 shares during the quarter. First Eagle Investment Management LLC’s holdings in Cardinal Health were worth $1,244,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CAH. Metis Global Partners LLC increased its position in Cardinal Health by 2.0% in the third quarter. Metis Global Partners LLC now owns 12,346 shares of the company’s stock worth $1,364,000 after purchasing an additional 237 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Cardinal Health by 9.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,732 shares of the company’s stock worth $412,000 after buying an additional 307 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Cardinal Health by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 35,723 shares of the company’s stock worth $3,948,000 after buying an additional 2,746 shares during the last quarter. Empirical Finance LLC raised its position in shares of Cardinal Health by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 8,889 shares of the company’s stock valued at $982,000 after buying an additional 148 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Cardinal Health by 22.6% in the 3rd quarter. Natixis Advisors LLC now owns 461,449 shares of the company’s stock valued at $50,999,000 after acquiring an additional 85,029 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $128.20 on Monday. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.49 and a beta of 0.66. The stock has a 50 day moving average price of $126.33 and a 200 day moving average price of $119.44.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. Analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Argus set a $148.00 price target on Cardinal Health in a report on Tuesday, February 4th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their target price for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.36.

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.