Curi RMB Capital LLC Has $3.88 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Curi RMB Capital LLC reduced its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,804 shares of the company’s stock after selling 2,905 shares during the quarter. Curi RMB Capital LLC’s holdings in Cardinal Health were worth $3,880,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Cardinal Health during the fourth quarter worth $246,748,000. Marshall Wace LLP raised its stake in Cardinal Health by 154.6% during the fourth quarter. Marshall Wace LLP now owns 3,151,736 shares of the company’s stock worth $372,756,000 after acquiring an additional 1,913,892 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Cardinal Health by 1,142.4% in the fourth quarter. Bank of Nova Scotia now owns 545,313 shares of the company’s stock worth $64,494,000 after acquiring an additional 501,421 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cardinal Health during the 4th quarter valued at approximately $45,115,000. Finally, Renaissance Group LLC increased its position in Cardinal Health by 4,375.6% during the 4th quarter. Renaissance Group LLC now owns 265,044 shares of the company’s stock worth $31,347,000 after purchasing an additional 259,122 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

CAH has been the subject of several research analyst reports. Citigroup upped their price target 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. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Mizuho upped their price target on shares of Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average target price of $140.86.

Cardinal Health Stock Performance

Cardinal Health stock opened at $134.61 on Friday. The stock’s 50 day moving average price is $130.03 and its two-hundred day moving average price is $123.24. The stock has a market capitalization of $32.52 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $139.50.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $0.5056 dividend. This represents a $2.02 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, April 1st. Cardinal Health’s payout ratio is currently 37.69%.

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.