Wakefield Asset Management LLLP Takes Position in Cardinal Health, Inc. (NYSE:CAH)

Wakefield Asset Management LLLP acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 4,447 shares of the company’s stock, valued at approximately $526,000.

A number of other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC grew its holdings in Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after purchasing an additional 104 shares during the period. Hara Capital LLC acquired a new position in Cardinal Health during the third quarter worth $31,000. AM Squared Ltd purchased a new position in Cardinal Health during the third quarter valued at $33,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $41,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays lifted their price target on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Morgan Stanley increased their price objective on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Mizuho initiated coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Stock Performance

CAH opened at $127.22 on Friday. The stock has a market capitalization of $30.73 billion, a PE ratio of 23.74, a P/E/G ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $132.84. The business’s 50 day moving average price is $124.52 and its 200 day moving average price is $117.85.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, equities research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.