Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. raised its position in Cardinal Health, Inc. (NYSE:CAH) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,987 shares of the company’s stock after acquiring an additional 542 shares during the quarter. Twin Capital Management Inc.’s holdings in Cardinal Health were worth $2,009,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC grew its position in Cardinal Health by 10.1% during the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock worth $101,000 after acquiring an additional 79 shares during the last quarter. Private Trust Co. NA grew its position in shares of Cardinal Health by 11.0% during the 4th quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after buying an additional 92 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Cardinal Health by 2.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock worth $411,000 after purchasing an additional 93 shares during the period. TIAA Trust National Association boosted its holdings in Cardinal Health by 4.5% during the fourth quarter. TIAA Trust National Association now owns 2,183 shares of the company’s stock worth $258,000 after buying an additional 94 shares during the last quarter. Finally, MWA Asset Management boosted its stake in Cardinal Health by 2.9% during the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock worth $393,000 after acquiring an additional 95 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Argus set a $148.00 price target on shares of Cardinal Health in a report on Tuesday, February 4th. Finally, Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Four equities research 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 has an average rating of “Moderate Buy” and an average target price of $140.14.

Cardinal Health Trading Down 3.0 %

Shares of Cardinal Health stock opened at $125.74 on Tuesday. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $139.50. The company’s fifty day simple moving average is $129.05 and its two-hundred day simple moving average is $121.80. The company has a market cap of $30.37 billion, a P/E ratio of 23.46, a PEG ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, January 30th. The company reported $1.93 EPS 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 predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The firm 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. This represents a $2.02 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.