Bellwether Advisors LLC Acquires Shares of 268 Cardinal Health, Inc. (NYSE:CAH)

Bellwether Advisors LLC acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 268 shares of the company’s stock, valued at approximately $32,000.

Several other large investors have also modified their holdings of CAH. Barclays PLC raised its holdings in shares of Cardinal Health by 8.2% in the 3rd quarter. Barclays PLC now owns 707,404 shares of the company’s stock valued at $78,183,000 after purchasing an additional 53,851 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Cardinal Health in the 3rd quarter valued at about $846,000. Franklin Resources Inc. raised its holdings in shares of Cardinal Health by 6.6% in the 3rd quarter. Franklin Resources Inc. now owns 151,185 shares of the company’s stock valued at $16,918,000 after purchasing an additional 9,385 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Cardinal Health in the 3rd quarter valued at about $497,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Cardinal Health in the 3rd quarter valued at about $507,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CAH. Citigroup boosted their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Argus set a $148.00 price objective on shares of Cardinal Health in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Bank of America boosted their price objective on shares of Cardinal Health from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

Cardinal Health Price Performance

NYSE CAH opened at $138.41 on Tuesday. The company has a fifty day moving average of $131.05 and a 200 day moving average of $124.27. The company has a market capitalization of $33.44 billion, a PE ratio of 25.82, a P/E/G ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $139.50.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping 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%. Research analysts expect 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 was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 37.69%.

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.