Level Four Advisory Services LLC Sells 410 Shares of Cardinal Health, Inc. (NYSE:CAH)

Level Four Advisory Services LLC decreased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,585 shares of the company’s stock after selling 410 shares during the period. Level Four Advisory Services LLC’s holdings in Cardinal Health were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Orion Portfolio Solutions LLC boosted its stake in Cardinal Health by 11.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 51,001 shares of the company’s stock worth $6,032,000 after purchasing an additional 5,037 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Cardinal Health by 19.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 142,345 shares of the company’s stock worth $16,835,000 after acquiring an additional 23,374 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Cardinal Health by 67,386.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 60,738 shares of the company’s stock worth $7,183,000 after acquiring an additional 60,648 shares during the last quarter. Norges Bank bought a new stake in Cardinal Health in the 4th quarter valued at $246,748,000. Finally, Blair William & Co. IL lifted its stake in Cardinal Health by 14.5% in the 4th quarter. Blair William & Co. IL now owns 12,754 shares of the company’s stock worth $1,508,000 after purchasing an additional 1,618 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $137.83 on Tuesday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $138.62. The company has a market cap of $33.29 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.49 and a beta of 0.66. The business’s 50 day moving average price is $128.60 and its 200-day moving average price is $121.03.

Cardinal Health (NYSE:CAH) last released 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%. Sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.47%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CAH. Wells Fargo & Company raised their price objective on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. TD Cowen upgraded shares of 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, Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and a consensus price target of $140.14.

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.