Capital Investment Advisory Services LLC Sells 158 Shares of Cardinal Health, Inc. (NYSE:CAH)

Capital Investment Advisory Services LLC decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,792 shares of the company’s stock after selling 158 shares during the period. Capital Investment Advisory Services LLC’s holdings in Cardinal Health were worth $448,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew 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 valued at $1,566,913,000 after buying an additional 627,253 shares during the period. Two Sigma Advisers LP grew its position in shares of Cardinal Health by 47.9% during the 3rd quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock valued at $118,197,000 after acquiring an additional 346,362 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Cardinal Health by 230.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock worth $52,819,000 after purchasing an additional 333,095 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in Cardinal Health during the third quarter valued at $30,820,000. Finally, Worldquant Millennium Advisors LLC grew its holdings in Cardinal Health by 77.3% during the third quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock valued at $65,539,000 after purchasing an additional 258,541 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CAH. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Citigroup lifted their target price 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. Morgan Stanley increased their price target on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price objective on Cardinal Health from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.64.

Cardinal Health Trading Down 3.7 %

Shares of NYSE:CAH opened at $123.56 on Friday. The company has a 50-day moving average price of $122.03 and a 200 day moving average price of $114.06. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84. The company has a market cap of $29.90 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.55 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last announced its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. As a group, equities analysts forecast that Cardinal Health, Inc. will post 7.84 EPS for the current year.

Cardinal Health Cuts Dividend

The company 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. This represents a $2.02 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Thursday, January 2nd. Cardinal Health’s dividend payout ratio is currently 39.30%.

Cardinal Health Company 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.