Cubic Asset Management LLC Maintains Position in Cardinal Health, Inc. (CAH)

Cubic Asset Management LLC held its position in shares of Cardinal Health, Inc. (NYSE:CAH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the company’s stock at the end of the second quarter. Cubic Asset Management LLC’s holdings in Cardinal Health were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Cardinal Health during the first quarter worth $120,000. Quadrant Capital Group LLC boosted its position in shares of Cardinal Health by 6.3% in the first quarter. Quadrant Capital Group LLC now owns 1,972 shares of the company’s stock worth $156,000 after buying an additional 116 shares in the last quarter. Alpha Windward LLC boosted its position in shares of Cardinal Health by 0.7% in the second quarter. Alpha Windward LLC now owns 2,299 shares of the company’s stock worth $179,000 after buying an additional 17 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Cardinal Health by 11.5% in the first quarter. MCF Advisors LLC now owns 2,478 shares of the company’s stock worth $202,000 after buying an additional 256 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of Cardinal Health by 18.5% in the first quarter. First Mercantile Trust Co. now owns 2,539 shares of the company’s stock worth $207,000 after buying an additional 397 shares in the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.

Shares of Cardinal Health, Inc. (NYSE CAH) opened at 64.38 on Friday. The firm has a 50-day moving average price of $73.76 and a 200-day moving average price of $76.57. Cardinal Health, Inc. has a 52 week low of $62.70 and a 52 week high of $84.88. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 15.98 and a beta of 0.80.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $32.97 billion during the quarter, compared to the consensus estimate of $32.73 billion. Cardinal Health had a return on equity of 26.20% and a net margin of 0.99%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. On average, equities analysts expect that Cardinal Health, Inc. will post $4.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.4624 per share. The ex-dividend date is Friday, September 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.87%. Cardinal Health’s dividend payout ratio (DPR) is presently 45.79%.

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A number of research analysts have recently weighed in on the company. UBS AG restated a “neutral” rating and issued a $76.00 price target (down previously from $79.00) on shares of Cardinal Health in a research report on Thursday, August 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $87.00 price objective (up previously from $81.00) on shares of Cardinal Health in a research report on Thursday, July 13th. Barclays PLC reiterated an “overweight” rating and set a $82.00 price objective (down previously from $88.00) on shares of Cardinal Health in a research report on Saturday, April 22nd. BidaskClub cut Cardinal Health from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC assumed coverage on Cardinal Health in a research report on Wednesday, May 17th. They set a “hold” rating and a $77.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. Cardinal Health presently has a consensus rating of “Hold” and a consensus target price of $80.46.

About Cardinal Health

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.

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

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