Checchi Capital Advisers LLC Acquires 93 Shares of Cardinal Health, Inc. (NYSE:CAH)

Checchi Capital Advisers LLC increased its holdings in Cardinal Health, Inc. (NYSE:CAH) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,479 shares of the company’s stock after purchasing an additional 93 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Cardinal Health were worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CAH. Advisor OS LLC grew its position in shares of Cardinal Health by 15.5% in the 4th quarter. Advisor OS LLC now owns 8,043 shares of the company’s stock valued at $951,000 after buying an additional 1,080 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of Cardinal Health by 2.4% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 5,644 shares of the company’s stock worth $668,000 after acquiring an additional 134 shares during the period. Denali Advisors LLC bought a new stake in Cardinal Health in the fourth quarter valued at approximately $3,908,000. Longbow Finance SA acquired a new stake in Cardinal Health during the 4th quarter valued at approximately $9,922,000. Finally, Stack Financial Management Inc bought a new position in Cardinal Health during the 4th quarter worth approximately $12,799,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of analyst reports. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Morgan Stanley increased their price target on Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays boosted their price objective on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. 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 note on Tuesday, February 4th. Finally, Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Cardinal Health Stock Performance

NYSE:CAH opened at $127.22 on Friday. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84. The firm has a 50-day moving average price of $124.52 and a two-hundred day moving average price of $117.85. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data 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 net margin of 0.59% and a negative return on equity of 59.57%. As a group, sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is currently 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.