Cardinal Health, Inc. (NYSE:CAH) Stock Position Lifted by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,913 shares of the company’s stock after purchasing an additional 715 shares during the quarter. Captrust Financial Advisors’ holdings in Cardinal Health were worth $3,065,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Cardinal Health in the 4th quarter worth approximately $141,963,000. Brown Advisory Inc. lifted its position in Cardinal Health by 9.1% in the fourth quarter. Brown Advisory Inc. now owns 169,633 shares of the company’s stock worth $20,062,000 after purchasing an additional 14,087 shares during the period. Balyasny Asset Management L.P. bought a new position in Cardinal Health during the 4th quarter valued at $39,910,000. Aptus Capital Advisors LLC increased its position in shares of Cardinal Health by 97.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,796 shares of the company’s stock valued at $449,000 after purchasing an additional 1,877 shares during the period. Finally, AXA S.A. raised its stake in shares of Cardinal Health by 47.8% in the 4th quarter. AXA S.A. now owns 535,739 shares of the company’s stock worth $63,362,000 after buying an additional 173,250 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CAH. UBS Group lifted their target price on Cardinal Health from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Mizuho boosted their target price on shares of Cardinal Health from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, March 31st. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Argus set a $148.00 price target on Cardinal Health in a report on Tuesday, February 4th. Finally, Robert W. Baird raised their price objective on Cardinal Health from $156.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.43.

Cardinal Health Price Performance

NYSE CAH opened at $148.36 on Friday. The firm has a market capitalization of $35.41 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The company has a 50 day simple moving average of $134.65 and a 200-day simple moving average of $126.40. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $154.07.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, May 1st. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.20. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. The company had revenue of $54.88 billion during the quarter, compared to analyst estimates of $55.33 billion. During the same quarter last year, the business posted $2.08 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.5107 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This is an increase from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Cardinal Health’s dividend payout ratio (DPR) is 31.51%.

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.