Mutual of America Capital Management LLC Sells 246 Shares of Cardinal Health, Inc. (NYSE:CAH)

Mutual of America Capital Management LLC lessened its stake in Cardinal Health, Inc. (NYSE:CAHGet Rating) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,043 shares of the company’s stock after selling 246 shares during the period. Mutual of America Capital Management LLC’s holdings in Cardinal Health were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allegheny Financial Group LTD bought a new stake in shares of Cardinal Health in the 4th quarter valued at about $27,000. Landmark Wealth Management LLC bought a new stake in shares of Cardinal Health during the 1st quarter valued at about $62,000. Cornerstone Advisory LLC bought a new stake in shares of Cardinal Health during the 4th quarter valued at about $35,000. Signaturefd LLC boosted its position in shares of Cardinal Health by 26.8% during the 1st quarter. Signaturefd LLC now owns 955 shares of the company’s stock valued at $54,000 after purchasing an additional 202 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its position in shares of Cardinal Health by 95.4% during the 4th quarter. MBM Wealth Consultants LLC now owns 1,014 shares of the company’s stock valued at $52,000 after purchasing an additional 495 shares in the last quarter. Institutional investors own 84.26% of the company’s stock.

Cardinal Health Stock Performance

Shares of Cardinal Health stock opened at $59.56 on Friday. The company has a market cap of $16.23 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 7.88 and a beta of 0.82. Cardinal Health, Inc. has a 52 week low of $45.85 and a 52 week high of $64.53. The business has a 50 day moving average price of $54.32 and a 200-day moving average price of $55.28. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 5.33.

Cardinal Health (NYSE:CAHGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.09). The company had revenue of $44.84 billion during the quarter, compared to analysts’ expectations of $43.20 billion. Cardinal Health had a positive return on equity of 155.24% and a negative net margin of 0.54%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. Equities analysts anticipate that Cardinal Health, Inc. will post 5.18 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $0.4957 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from Cardinal Health’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, June 30th. Cardinal Health’s dividend payout ratio (DPR) is presently 30.18%.

Analyst Ratings Changes

Several equities research analysts recently commented on CAH shares. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and upped their target price for the company from $55.00 to $68.00 in a research report on Wednesday, May 18th. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 6th. Barclays downgraded Cardinal Health from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $64.00 in a research note on Thursday, May 26th. TheStreet downgraded Cardinal Health from a “c+” rating to a “d+” rating in a research note on Thursday, May 5th. Finally, Morgan Stanley dropped their price target on Cardinal Health from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.11.

Cardinal Health Company Profile

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Cardinal Health, Inc operates as an integrated 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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