Martingale Asset Management L P Boosts Stake in Cardinal Health, Inc. (NYSE:CAH)

Martingale Asset Management L P boosted its holdings in Cardinal Health, Inc. (NYSE:CAH) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,686 shares of the company’s stock after acquiring an additional 2,138 shares during the quarter. Martingale Asset Management L P owned about 0.06% of Cardinal Health worth $16,757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cyrus J. Lawrence LLC purchased a new position in shares of Cardinal Health in the 4th quarter valued at about $26,000. Promus Capital LLC acquired a new stake in shares of Cardinal Health during the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cardinal Health during the 4th quarter worth approximately $35,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health in the 4th quarter worth approximately $41,000. Finally, HHM Wealth Advisors LLC increased its stake in Cardinal Health by 57.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $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.

Cardinal Health Trading Down 0.6 %

Shares of CAH opened at $124.87 on Wednesday. The stock’s fifty day simple moving average is $128.94 and its 200 day simple moving average is $121.91. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $139.50. The firm has a market capitalization of $30.16 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share 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%. Sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.62%. Cardinal Health’s dividend payout ratio is currently 37.69%.

Analyst Ratings Changes

CAH has been the topic of several research reports. Citigroup upped their target price on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Morgan Stanley raised their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Argus set a $148.00 price target on shares of Cardinal Health in a research report on Tuesday, February 4th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Four equities 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, Cardinal Health currently has an average rating of “Moderate Buy” and an average price target of $140.14.

Cardinal Health 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.