Walleye Capital LLC Takes Position in Cardinal Health, Inc. (NYSE:CAH)

Walleye Capital LLC purchased a new stake in Cardinal Health, Inc. (NYSE:CAHGet Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,947 shares of the company’s stock, valued at approximately $2,378,000.

A number of other large investors have also recently modified their holdings of CAH. Swiss National Bank lifted its holdings in Cardinal Health by 10.6% during the first quarter. Swiss National Bank now owns 1,220,509 shares of the company’s stock worth $69,203,000 after buying an additional 116,600 shares during the period. Mutual Advisors LLC lifted its holdings in Cardinal Health by 16.0% during the first quarter. Mutual Advisors LLC now owns 8,087 shares of the company’s stock worth $459,000 after buying an additional 1,114 shares during the period. Hightower 6M Holding LLC purchased a new stake in Cardinal Health during the first quarter worth $226,000. Rockefeller Capital Management L.P. lifted its holdings in Cardinal Health by 8.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 29,711 shares of the company’s stock worth $1,529,000 after buying an additional 2,342 shares during the period. Finally, Herold Advisors Inc. purchased a new stake in Cardinal Health during the first quarter worth $167,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CAH shares. Evercore ISI upped their target price on Cardinal Health to $75.00 in a report on Monday, August 15th. StockNews.com upgraded Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Friday, August 12th. Morgan Stanley increased their price objective on Cardinal Health from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Cowen increased their price objective on Cardinal Health from $59.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, August 16th. Finally, Credit Suisse Group increased their price objective on Cardinal Health from $56.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.20.

Cardinal Health Trading Up 0.7 %

CAH stock opened at $66.86 on Friday. The firm has a market cap of $18.22 billion, a P/E ratio of 10.04, a PEG ratio of 1.49 and a beta of 0.77. Cardinal Health, Inc. has a 52-week low of $45.85 and a 52-week high of $72.28. The company’s 50-day simple moving average is $63.83 and its 200-day simple moving average is $58.87. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 5.33.

Cardinal Health (NYSE:CAHGet Rating) last released its earnings results on Thursday, August 11th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.12). The business had revenue of $47.10 billion during the quarter, compared to analysts’ expectations of $44.82 billion. Cardinal Health had a positive return on equity of 568.57% and a negative net margin of 0.51%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share. As a group, equities analysts forecast that Cardinal Health, Inc. will post 5.27 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Monday, October 3rd will be paid a $0.4957 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $1.98 annualized dividend and a dividend yield of 2.97%. Cardinal Health’s dividend payout ratio (DPR) is 29.73%.

Cardinal Health 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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