Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Cardinal Health, Inc. (NYSE:CAH) by 16.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,819 shares of the company’s stock after purchasing an additional 6,260 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Cardinal Health were worth $5,182,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CAH. Public Sector Pension Investment Board increased its position in shares of Cardinal Health by 88.7% during the second quarter. Public Sector Pension Investment Board now owns 9,437 shares of the company’s stock worth $928,000 after acquiring an additional 4,435 shares during the period. Evergreen Capital Management LLC increased its holdings in Cardinal Health by 3.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,836 shares of the company’s stock worth $377,000 after purchasing an additional 120 shares during the period. Bank of Montreal Can raised its position in Cardinal Health by 37.9% in the 2nd quarter. Bank of Montreal Can now owns 399,046 shares of the company’s stock valued at $42,032,000 after purchasing an additional 109,749 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Cardinal Health in the 2nd quarter valued at about $1,979,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Cardinal Health by 58.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,588 shares of the company’s stock worth $4,581,000 after buying an additional 17,161 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAH has been the topic of several recent analyst reports. StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd. Wells Fargo & Company upgraded Cardinal Health from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $101.00 to $127.00 in a research note on Friday, December 13th. Citigroup increased their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Finally, Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Four 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, Cardinal Health has a consensus rating of “Moderate Buy” and an average target price of $134.64.

Cardinal Health Trading Down 0.3 %

NYSE:CAH opened at $128.89 on Friday. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $129.68. The stock’s 50 day simple moving average is $121.36 and its 200-day simple moving average is $112.92. The firm has a market cap of $31.19 billion, a P/E ratio of 25.08, a PEG ratio of 1.57 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $50.90 billion. During the same period in the previous year, the company posted $1.73 EPS. Cardinal Health’s revenue was down 4.3% compared to the same quarter last year. Research analysts forecast that Cardinal Health, Inc. will post 7.82 EPS for the current fiscal 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 given a $0.5056 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.02 dividend on an annualized basis and a yield of 1.57%. Cardinal Health’s payout ratio is currently 39.30%.

Cardinal Health Profile

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.