Sigma Planning Corp Has $347,000 Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Sigma Planning Corp decreased its position in Cardinal Health, Inc. (NYSE:CAHGet Rating) by 17.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,632 shares of the company’s stock after selling 1,397 shares during the period. Sigma Planning Corp’s holdings in Cardinal Health were worth $347,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its position in shares of Cardinal Health by 60.4% in the first quarter. Manchester Capital Management LLC now owns 494 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Cardinal Health by 0.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 37,229 shares of the company’s stock worth $1,946,000 after buying an additional 186 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Cardinal Health by 3.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 5,905 shares of the company’s stock valued at $308,000 after acquiring an additional 196 shares in the last quarter. KB Financial Partners LLC increased its position in shares of Cardinal Health by 2.5% in the first quarter. KB Financial Partners LLC now owns 8,267 shares of the company’s stock valued at $469,000 after acquiring an additional 199 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Cardinal Health by 23.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,041 shares of the company’s stock worth $59,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Cardinal Health Stock Performance

Shares of CAH opened at $78.44 on Friday. The firm has a market cap of $20.56 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Cardinal Health, Inc. has a 52 week low of $45.85 and a 52 week high of $81.57. The firm’s 50-day simple moving average is $72.50 and its 200 day simple moving average is $63.82.

Cardinal Health Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 15th. Stockholders of record on Tuesday, January 3rd will be given a $0.4957 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, December 30th. Cardinal Health’s payout ratio is 32.35%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CAH. Cowen raised their price target on Cardinal Health from $59.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, August 16th. StockNews.com upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Friday, November 11th. Evercore ISI upped their price target on shares of Cardinal Health to $75.00 in a research report on Monday, August 15th. Robert W. Baird lifted their price objective on shares of Cardinal Health from $74.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 7th. Finally, Cowen upped their target price on shares of Cardinal Health from $59.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, August 16th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.45.

Insider Transactions at Cardinal Health

In other Cardinal Health news, insider Ola M. Snow sold 19,590 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $78.87, for a total value of $1,545,063.30. Following the transaction, the insider now directly owns 31,187 shares of the company’s stock, valued at approximately $2,459,718.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

About Cardinal Health

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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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