Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC increased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 16,390 shares of the company’s stock after purchasing an additional 820 shares during the period. KCM Investment Advisors LLC’s holdings in Cardinal Health were worth $1,938,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Rothschild Investment LLC grew its position in shares of Cardinal Health by 10.1% during the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock worth $101,000 after buying an additional 79 shares in the last quarter. Private Trust Co. NA lifted its stake in Cardinal Health by 11.0% in the fourth quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after acquiring an additional 92 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in Cardinal Health by 2.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock worth $411,000 after acquiring an additional 93 shares in the last quarter. TIAA Trust National Association increased its position in shares of Cardinal Health by 4.5% in the 4th quarter. TIAA Trust National Association now owns 2,183 shares of the company’s stock valued at $258,000 after purchasing an additional 94 shares during the last quarter. Finally, MWA Asset Management lifted its position in shares of Cardinal Health by 2.9% during the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock worth $393,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CAH. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Tuesday, January 7th. Wells Fargo & Company raised their target price on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Cardinal Health presently has an average rating of “Moderate Buy” and a consensus target price of $140.14.

Cardinal Health Stock Performance

Shares of CAH opened at $129.37 on Friday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $139.50. The firm has a 50-day simple moving average of $129.15 and a 200-day simple moving average of $121.62. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth 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 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%. Equities research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 1.56%. Cardinal Health’s 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.