Mutual of America Capital Management LLC Has $3.44 Million Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Mutual of America Capital Management LLC reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 29,055 shares of the company’s stock after selling 1,039 shares during the period. Mutual of America Capital Management LLC’s holdings in Cardinal Health were worth $3,436,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CAH. Frazier Financial Advisors LLC increased its holdings in shares of Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after buying an additional 104 shares in the last quarter. Hara Capital LLC bought a new stake in shares of Cardinal Health in the third quarter worth $31,000. AM Squared Ltd bought a new stake in shares of Cardinal Health in the third quarter worth $33,000. Kentucky Trust Co bought a new stake in shares of Cardinal Health in the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC grew its stake in shares of Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after purchasing an additional 144 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Stock Performance

NYSE:CAH opened at $127.50 on Thursday. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84. The firm has a 50-day moving average price of $125.28 and a two-hundred day moving average price of $118.57.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. As a group, sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.59%. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Morgan Stanley upped their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Argus set a $148.00 price target on shares of Cardinal Health in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.