Kathmere Capital Management LLC Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Kathmere Capital Management LLC grew its holdings in Cardinal Health, Inc. (NYSE:CAHFree Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,068 shares of the company’s stock after acquiring an additional 182 shares during the period. Kathmere Capital Management LLC’s holdings in Cardinal Health were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Accurate Wealth Management LLC purchased a new stake in Cardinal Health during the fourth quarter worth $222,000. FNY Investment Advisers LLC acquired a new position in shares of Cardinal Health during the fourth quarter valued at approximately $94,000. Wedmont Private Capital raised its stake in Cardinal Health by 3.5% in the 4th quarter. Wedmont Private Capital now owns 3,828 shares of the company’s stock valued at $465,000 after purchasing an additional 131 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Cardinal Health by 4.4% during the fourth quarter. Brookstone Capital Management now owns 9,125 shares of the company’s stock worth $1,079,000 after buying an additional 381 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $209,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lifted their price target on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays boosted their price target on shares of Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Citigroup increased their target price on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Mizuho initiated coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.29.

View Our Latest Research Report on Cardinal Health

Cardinal Health Stock Performance

Cardinal Health stock opened at $124.51 on Thursday. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $126.23. The company has a market cap of $30.13 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63. The business has a fifty day moving average of $120.28 and a two-hundred day moving average of $111.41.

Cardinal Health (NYSE:CAHGet Free Report) last issued its earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.26. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The company had revenue of $52.28 billion for the quarter, compared to analyst estimates of $50.90 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts predict that Cardinal Health, Inc. will post 7.82 EPS for the current year.

Cardinal Health Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a dividend of $0.5056 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.02 annualized dividend and a yield of 1.62%. Cardinal Health’s dividend payout ratio is presently 39.30%.

Cardinal Health Company Profile

(Free Report)

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.

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

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