Cardinal Health Inc (CAH) Shares Bought by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. raised its holdings in Cardinal Health Inc (NYSE:CAH) by 22.5% in the 4th quarter, Holdings Channel reports. The firm owned 8,700 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Cardinal Health were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CAH. Ameriprise Financial Inc. raised its position in Cardinal Health by 38.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,930,457 shares of the company’s stock valued at $329,964,000 after purchasing an additional 1,373,334 shares during the last quarter. American Century Companies Inc. raised its position in shares of Cardinal Health by 58.7% during the third quarter. American Century Companies Inc. now owns 2,976,776 shares of the company’s stock worth $199,206,000 after acquiring an additional 1,100,507 shares during the last quarter. HealthCor Management L.P. bought a new stake in shares of Cardinal Health during the second quarter worth $84,496,000. Pzena Investment Management LLC raised its position in shares of Cardinal Health by 70.6% during the third quarter. Pzena Investment Management LLC now owns 1,806,522 shares of the company’s stock worth $120,892,000 after acquiring an additional 747,718 shares during the last quarter. Finally, Boston Partners raised its position in shares of Cardinal Health by 31.0% during the third quarter. Boston Partners now owns 2,918,367 shares of the company’s stock worth $195,297,000 after acquiring an additional 690,827 shares during the last quarter. Hedge funds and other institutional investors own 88.36% of the company’s stock.

Shares of Cardinal Health Inc (NYSE CAH) traded up $0.07 during trading on Thursday, hitting $72.65. The company had a trading volume of 3,369,900 shares, compared to its average volume of 3,436,318. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. Cardinal Health Inc has a twelve month low of $54.66 and a twelve month high of $84.88. The firm has a market capitalization of $22,833.93, a PE ratio of 21.12, a PEG ratio of 1.68 and a beta of 0.85.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Monday, November 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Cardinal Health had a return on equity of 25.24% and a net margin of 0.84%. The business had revenue of $32.64 billion during the quarter, compared to analysts’ expectations of $33.48 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. research analysts predict that Cardinal Health Inc will post 5.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.4624 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.55%. Cardinal Health’s dividend payout ratio (DPR) is presently 53.78%.

A number of equities research analysts have recently weighed in on CAH shares. Morgan Stanley downgraded Cardinal Health from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 20th. Deutsche Bank started coverage on Cardinal Health in a research report on Monday, December 4th. They set a “hold” rating and a $64.00 target price for the company. Argus downgraded Cardinal Health from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Cardinal Health from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cardinal Health in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.58.

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Cardinal Health Company Profile

Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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