First PREMIER Bank acquired a new position in shares of Cardinal Health Inc (NYSE:CAH) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,660 shares of the company’s stock, valued at approximately $163,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAH. Private Advisor Group LLC boosted its stake in shares of Cardinal Health by 107.3% during the 2nd quarter. Private Advisor Group LLC now owns 5,965 shares of the company’s stock worth $457,000 after acquiring an additional 3,088 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Cardinal Health by 244.1% during the 2nd quarter. CIBC World Markets Inc. now owns 14,427 shares of the company’s stock worth $1,124,000 after acquiring an additional 10,234 shares in the last quarter. Financial Counselors Inc. bought a new stake in shares of Cardinal Health during the 2nd quarter worth $201,000. Coastline Trust Co boosted its stake in shares of Cardinal Health by 62.9% during the 2nd quarter. Coastline Trust Co now owns 7,020 shares of the company’s stock worth $547,000 after acquiring an additional 2,710 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Cardinal Health during the 2nd quarter worth $231,000. 88.35% of the stock is owned by institutional investors and hedge funds.
CAH has been the subject of several research reports. Robert W. Baird reissued a “hold” rating and set a $73.00 price objective on shares of Cardinal Health in a research note on Sunday, September 17th. Royal Bank of Canada initiated coverage on Cardinal Health in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $72.00 price objective for the company. Cowen raised Cardinal Health to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, October 10th. Needham & Company LLC reissued a “hold” rating on shares of Cardinal Health in a research note on Thursday, October 12th. Finally, Mizuho set a $70.00 target price on Cardinal Health and gave the stock a “hold” rating in a research report on Tuesday, October 24th. 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 presently has an average rating of “Hold” and a consensus price target of $72.99.
Cardinal Health (NYSE:CAH) last issued its earnings results on Monday, November 6th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. The business had revenue of $32.64 billion during the quarter, compared to analysts’ expectations of $33.48 billion. Cardinal Health had a return on equity of 6.84% and a net margin of 0.36%. Cardinal Health’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. research analysts anticipate that Cardinal Health Inc will post 4.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a $0.4624 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.85 annualized dividend and a dividend yield of 2.68%. Cardinal Health’s dividend payout ratio (DPR) is presently 53.94%.
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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