Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its stake in Cardinal Health, Inc. (NYSE:CAH) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,036 shares of the company’s stock after purchasing an additional 382 shares during the period. CreativeOne Wealth LLC’s holdings in Cardinal Health were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cardinal Health by 35.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company’s stock worth $3,871,000 after acquiring an additional 8,471 shares during the period. CHURCHILL MANAGEMENT Corp grew its holdings in Cardinal Health by 1.5% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock valued at $28,435,000 after purchasing an additional 3,576 shares during the last quarter. Consolidated Planning Corp increased its position in shares of Cardinal Health by 40.0% in the fourth quarter. Consolidated Planning Corp now owns 8,926 shares of the company’s stock valued at $1,056,000 after buying an additional 2,552 shares in the last quarter. Flputnam Investment Management Co. boosted its position in shares of Cardinal Health by 1.8% in the 4th quarter. Flputnam Investment Management Co. now owns 180,586 shares of the company’s stock worth $21,358,000 after buying an additional 3,148 shares in the last quarter. Finally, Patton Albertson Miller Group LLC purchased a new stake in shares of Cardinal Health in the 4th quarter worth about $258,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Tuesday, January 7th. Bank of America raised their price target on Cardinal Health from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Argus set a $148.00 price objective on Cardinal Health in a research report on Tuesday, February 4th. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Finally, Citigroup upped their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.

Cardinal Health Trading Up 0.2 %

CAH stock opened at $134.61 on Friday. The company has a market cap of $32.52 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. The stock has a 50-day moving average price of $130.03 and a two-hundred day moving average price of $123.15. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $139.50.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, April 1st. Cardinal Health’s dividend payout ratio is presently 37.69%.

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.