2,494 Shares in Cardinal Health, Inc. (NYSE:CAH) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,494 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAH. Voleon Capital Management LP bought a new stake in Cardinal Health during the 4th quarter valued at $10,279,000. Schonfeld Strategic Advisors LLC increased its position in shares of Cardinal Health by 134.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 121,935 shares of the company’s stock worth $14,421,000 after acquiring an additional 70,020 shares in the last quarter. 8 Knots Management LLC acquired a new stake in shares of Cardinal Health in the 4th quarter worth about $62,476,000. Lido Advisors LLC raised its holdings in shares of Cardinal Health by 53.3% in the 4th quarter. Lido Advisors LLC now owns 20,252 shares of the company’s stock worth $2,395,000 after acquiring an additional 7,042 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Cardinal Health by 16.2% in the 4th quarter. Northern Trust Corp now owns 3,037,849 shares of the company’s stock valued at $359,286,000 after acquiring an additional 422,755 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 1.1 %

Shares of CAH stock opened at $139.80 on Wednesday. The firm has a market cap of $33.77 billion, a P/E ratio of 26.08, a PEG ratio of 1.49 and a beta of 0.61. The company has a 50 day moving average of $131.30 and a 200-day moving average of $124.38. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $140.50.

Cardinal Health (NYSE:CAH) last released its earnings results 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 negative return on equity of 59.57% and a net margin of 0.59%. As a group, equities analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.5056 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.45%. Cardinal Health’s dividend payout ratio is presently 37.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CAH. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. UBS Group increased their price target on Cardinal Health from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Bank of America upped their target price on shares of Cardinal Health from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, Argus set a $148.00 price target on shares of Cardinal Health in a research report on Tuesday, February 4th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.36.

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.