Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in shares of Cardinal Health, Inc. (NYSE:CAHFree Report) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,269 shares of the company’s stock after selling 72,805 shares during the period. Schroder Investment Management Group owned about 0.09% of Cardinal Health worth $22,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Aaron Wealth Advisors LLC increased its stake in Cardinal Health by 1.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 8,369 shares of the company’s stock worth $844,000 after buying an additional 97 shares in the last quarter. Schechter Investment Advisors LLC increased its position in shares of Cardinal Health by 4.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 2,480 shares of the company’s stock worth $250,000 after purchasing an additional 98 shares in the last quarter. J. W. Coons Advisors LLC raised its stake in Cardinal Health by 0.6% in the 4th quarter. J. W. Coons Advisors LLC now owns 16,680 shares of the company’s stock valued at $1,681,000 after purchasing an additional 100 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in Cardinal Health by 53.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 338 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in Cardinal Health by 0.3% during the 3rd quarter. Synovus Financial Corp now owns 54,076 shares of the company’s stock worth $4,695,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

CAH has been the subject of a number of recent research reports. StockNews.com cut shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 28th. Robert W. Baird cut their price objective on shares of Cardinal Health from $134.00 to $128.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. Evercore ISI upped their price target on Cardinal Health from $110.00 to $115.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Finally, Argus reduced their price objective on Cardinal Health from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Cardinal Health currently has a consensus rating of “Moderate Buy” and an average price target of $107.57.

Get Our Latest Analysis on Cardinal Health

Cardinal Health Price Performance

NYSE CAH opened at $98.84 on Tuesday. Cardinal Health, Inc. has a 12 month low of $85.11 and a 12 month high of $116.04. The stock has a market capitalization of $24.07 billion, a P/E ratio of 43.93, a PEG ratio of 1.12 and a beta of 0.64. The firm’s 50-day moving average is $101.68 and its two-hundred day moving average is $104.98.

Cardinal Health (NYSE:CAHGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.13. The firm had revenue of $54.90 billion during the quarter, compared to analysts’ expectations of $56.05 billion. Cardinal Health had a net margin of 0.25% and a negative return on equity of 54.74%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. As a group, analysts anticipate that Cardinal Health, Inc. will post 7.35 EPS for the current year.

Cardinal Health Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.5056 per share. This is a positive change from Cardinal Health’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, July 1st. This represents a $2.02 annualized dividend and a yield of 2.05%. Cardinal Health’s dividend payout ratio is presently 89.78%.

About Cardinal Health

(Free Report)

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.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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