Lindbrook Capital LLC Has $95,000 Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Lindbrook Capital LLC raised its position in Cardinal Health, Inc. (NYSE:CAH) by 23.7% in the 4th quarter, HoldingsChannel reports. The fund owned 945 shares of the company’s stock after purchasing an additional 181 shares during the period. Lindbrook Capital LLC’s holdings in Cardinal Health were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CAH. Cornerstone Wealth Management LLC acquired a new position in shares of Cardinal Health in the 4th quarter worth approximately $209,000. Nordea Investment Management AB raised its holdings in shares of Cardinal Health by 50.5% in the 4th quarter. Nordea Investment Management AB now owns 184,537 shares of the company’s stock worth $18,649,000 after buying an additional 61,933 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Cardinal Health by 15.9% in the 4th quarter. Vest Financial LLC now owns 282,440 shares of the company’s stock worth $28,470,000 after buying an additional 38,769 shares in the last quarter. Bellwether Advisors LLC acquired a new position in shares of Cardinal Health in the 4th quarter worth approximately $6,290,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Cardinal Health by 30.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 547,525 shares of the company’s stock worth $54,618,000 after buying an additional 126,668 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAH. SVB Leerink assumed coverage on Cardinal Health in a report on Monday, February 26th. They issued an “outperform” rating and a $125.00 target price for the company. UBS Group increased their price target on Cardinal Health from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Leerink Partnrs restated an “outperform” rating on shares of Cardinal Health in a research report on Monday, February 26th. Finally, Barclays assumed coverage on Cardinal Health in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $117.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.07.

Cardinal Health Stock Up 0.2 %

NYSE:CAH opened at $103.54 on Thursday. Cardinal Health, Inc. has a 12-month low of $77.56 and a 12-month high of $116.04. The firm has a market capitalization of $25.18 billion, a P/E ratio of 40.76, a P/E/G ratio of 0.99 and a beta of 0.68. The stock’s fifty day simple moving average is $109.56 and its 200-day simple moving average is $104.59.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.26. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. The business had revenue of $57.45 billion for the quarter, compared to analyst estimates of $57.02 billion. During the same period last year, the company earned $1.32 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts expect that Cardinal Health, Inc. will post 7.28 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.5006 per share. This represents a $2.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health’s payout ratio is presently 78.74%.

About Cardinal Health

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.