Signaturefd LLC Purchases 695 Shares of Cardinal Health, Inc. (NYSE:CAH)

Signaturefd LLC lifted its position in Cardinal Health, Inc. (NYSE:CAH) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,396 shares of the company’s stock after buying an additional 695 shares during the period. Signaturefd LLC’s holdings in Cardinal Health were worth $402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAH. Promus Capital LLC bought a new position in shares of Cardinal Health in the fourth quarter worth approximately $30,000. Kentucky Trust Co bought a new position in shares of Cardinal Health in the fourth quarter worth approximately $41,000. HHM Wealth Advisors LLC lifted its stake in shares of Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after buying an additional 144 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Cardinal Health by 29.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock worth $55,000 after buying an additional 106 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Cardinal Health by 541.7% in the third quarter. Quarry LP now owns 616 shares of the company’s stock worth $68,000 after buying an additional 520 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Up 0.7 %

Shares of CAH stock opened at $133.02 on Friday. The company has a 50 day simple moving average of $127.15 and a two-hundred day simple moving average of $119.87. The stock has a market cap of $32.13 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $133.77.

Cardinal Health (NYSE:CAH) last announced 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 forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.52%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CAH. Citigroup increased their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Evercore ISI upgraded shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research report on Tuesday, January 7th. Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Mizuho began coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.