Cwm LLC Boosts Stake in Cardinal Health, Inc. (NYSE:CAH)

Cwm LLC increased its position in Cardinal Health, Inc. (NYSE:CAH) by 121.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,164 shares of the company’s stock after purchasing an additional 6,675 shares during the period. Cwm LLC’s holdings in Cardinal Health were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in Cardinal Health during the third quarter valued at approximately $26,000. BKM Wealth Management LLC purchased a new stake in Cardinal Health during the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Cardinal Health during the fourth quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new stake in Cardinal Health during the third quarter valued at approximately $47,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Cardinal Health during the fourth quarter valued at approximately $59,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cardinal Health Stock Down 0.6 %

Shares of NYSE:CAH opened at $103.21 on Friday. Cardinal Health, Inc. has a 52-week low of $77.56 and a 52-week high of $116.04. The stock has a market cap of $25.10 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 1.05 and a beta of 0.68. The business’s 50 day moving average is $109.51 and its 200 day moving average is $104.76.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data 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 company had revenue of $57.45 billion for the quarter, compared to analysts’ expectations of $57.02 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. Cardinal Health’s revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cardinal Health, Inc. will post 7.28 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.5006 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 1.94%. Cardinal Health’s dividend payout ratio (DPR) is presently 78.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CAH shares. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Argus raised Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. SVB Leerink assumed coverage on Cardinal Health in a research note on Monday, February 26th. They set an “outperform” rating and a $125.00 target price on the stock. Barclays assumed coverage on Cardinal Health in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $117.00 target price on the stock. Finally, UBS Group upped their target price on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus target price of $103.07.

Cardinal Health Company 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.