Brandywine Global Investment Management LLC Has $17.46 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Brandywine Global Investment Management LLC decreased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 6.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 147,583 shares of the company’s stock after selling 10,755 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Cardinal Health were worth $17,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cyrus J. Lawrence LLC bought a new stake in shares of Cardinal Health in the fourth quarter valued at approximately $26,000. Promus Capital LLC bought a new stake in Cardinal Health in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new stake in Cardinal Health in the 4th quarter worth $35,000. Kentucky Trust Co bought a new position in shares of Cardinal Health during the 4th quarter worth about $41,000. Finally, HHM Wealth Advisors LLC raised its position 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 valued at $47,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Price Performance

CAH stock opened at $136.43 on Monday. The business has a fifty day moving average price of $128.36 and a 200 day moving average price of $120.86. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $137.18. The stock has a market capitalization of $32.96 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66.

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

Cardinal Health Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.48%. Cardinal Health’s payout ratio is 37.69%.

Analysts Set New Price Targets

CAH has been the topic of several research reports. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Tuesday, January 7th. Citigroup lifted their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Bank of America upgraded shares of 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 note on Monday, January 6th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

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.