Tucker Asset Management LLC Sells 478 Shares of Cardinal Health, Inc. (NYSE:CAH)

Tucker Asset Management LLC decreased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 20.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,859 shares of the company’s stock after selling 478 shares during the quarter. Tucker Asset Management LLC’s holdings in Cardinal Health were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CAH. Thrivent Financial for Lutherans increased its stake in shares of Cardinal Health by 23.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,727 shares of the company’s stock worth $1,406,000 after purchasing an additional 2,451 shares during the last quarter. Cerity Partners LLC grew its position in shares of Cardinal Health by 35.9% during the 3rd quarter. Cerity Partners LLC now owns 32,964 shares of the company’s stock valued at $3,643,000 after purchasing an additional 8,707 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Cardinal Health in the third quarter worth $1,008,000. Brooklyn Investment Group purchased a new position in Cardinal Health during the third quarter worth about $70,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Cardinal Health in the 3rd quarter valued at about $1,691,000. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Trading Down 0.2 %

Cardinal Health stock opened at $136.43 on Friday. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $137.18. The firm has a market capitalization of $32.96 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66. The firm has a 50 day moving average of $128.36 and a 200 day moving average of $120.76.

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 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%. On average, analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

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 dividend yield of 1.48%. Cardinal Health’s payout ratio is currently 37.69%.

Analyst Ratings Changes

Several research firms have recently weighed in on CAH. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Argus set a $148.00 price objective on Cardinal Health in a report on Tuesday, February 4th. Wells Fargo & Company upped their target price on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Mizuho started coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Cardinal Health has an average rating of “Moderate Buy” and a consensus 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.