2,178 Shares in Cardinal Health, Inc. (NYSE:CAH) Purchased by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC bought a new stake in shares of Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,178 shares of the company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAH. Point72 Asset Management L.P. purchased a new position in shares of Cardinal Health during the 2nd quarter worth approximately $90,440,000. State Street Corp increased its position in Cardinal Health by 4.6% during the third quarter. State Street Corp now owns 14,177,641 shares of the company’s stock worth $1,566,913,000 after buying an additional 627,253 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Cardinal Health by 47.9% in the third quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock worth $118,197,000 after acquiring an additional 346,362 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Cardinal Health by 230.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock valued at $52,819,000 after acquiring an additional 333,095 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Cardinal Health during the third quarter valued at $30,820,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a report on Monday, November 4th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Citigroup lifted their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Barclays lifted their price objective on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.64.

Cardinal Health Stock Down 0.3 %

Shares of CAH stock opened at $128.89 on Friday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $129.68. The firm’s 50 day moving average price is $121.36 and its two-hundred day moving average price is $113.04. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its earnings results on Friday, November 1st. The company reported $1.88 earnings per share 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 business had revenue of $52.28 billion for the quarter, compared to analyst estimates of $50.90 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Cardinal Health, Inc. will post 7.82 EPS for the current fiscal year.

Cardinal Health Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were paid a $0.5056 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.57%. Cardinal Health’s dividend payout ratio (DPR) 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.