IFP Advisors Inc reduced its stake in shares of Cardinal Health Inc (NYSE:CAH) by 16.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,450 shares of the company’s stock after selling 694 shares during the period. IFP Advisors Inc’s holdings in Cardinal Health were worth $211,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in CAH. Steward Partners Investment Advisory LLC acquired a new stake in Cardinal Health during the 3rd quarter worth about $102,000. Cerebellum GP LLC acquired a new stake in Cardinal Health during the 4th quarter worth about $129,000. Advisory Services Network LLC grew its position in Cardinal Health by 18.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock worth $136,000 after purchasing an additional 270 shares during the period. First PREMIER Bank acquired a new stake in Cardinal Health during the 4th quarter worth about $163,000. Finally, JFS Wealth Advisors LLC grew its position in Cardinal Health by 58.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,084 shares of the company’s stock worth $206,000 after purchasing an additional 1,135 shares during the period. 88.00% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. Evercore ISI assumed coverage on Cardinal Health in a research report on Thursday, January 4th. They set an “in-line” rating and a $67.00 price target on the stock. Zacks Investment Research raised shares of Cardinal Health from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Cardinal Health in a research note on Thursday, October 12th. Mizuho set a $70.00 target price on shares of Cardinal Health and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group lowered their target price on shares of Cardinal Health from $77.00 to $67.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $74.61.
Cardinal Health Inc (NYSE CAH) opened at $65.14 on Thursday. The firm has a market cap of $20,587.66, a PE ratio of 12.42, a P/E/G ratio of 1.49 and a beta of 0.96. Cardinal Health Inc has a 12 month low of $54.66 and a 12 month high of $84.88. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.35.
Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Monday, November 6th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. The firm had revenue of $32.64 billion for the quarter, compared to analyst estimates of $33.48 billion. Cardinal Health had a net margin of 0.84% and a return on equity of 25.24%. Cardinal Health’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. equities analysts anticipate that Cardinal Health Inc will post 5.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, April 2nd will be paid a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 2.84%. Cardinal Health’s dividend payout ratio is presently 53.78%.
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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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