Cutter & CO Brokerage Inc. Purchases 134 Shares of Cardinal Health, Inc. (NYSE:CAH)

Cutter & CO Brokerage Inc. raised its position in Cardinal Health, Inc. (NYSE:CAH) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 5,644 shares of the company’s stock after acquiring an additional 134 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Cardinal Health were worth $668,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CAH. Assenagon Asset Management S.A. lifted its holdings in Cardinal Health by 5.2% in the third quarter. Assenagon Asset Management S.A. now owns 10,930 shares of the company’s stock valued at $1,208,000 after acquiring an additional 545 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cardinal Health by 21.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,049 shares of the company’s stock worth $2,640,000 after buying an additional 4,253 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cardinal Health by 93.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 46,065 shares of the company’s stock worth $5,091,000 after buying an additional 22,267 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Cardinal Health by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 57,506 shares of the company’s stock worth $6,354,000 after buying an additional 1,920 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cardinal Health by 20.6% in the third quarter. Nisa Investment Advisors LLC now owns 98,389 shares of the company’s stock worth $10,874,000 after buying an additional 16,820 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CAH shares. Wells Fargo & Company raised their price objective 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. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd. Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased 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. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.40.

Cardinal Health Price Performance

NYSE CAH opened at $127.90 on Wednesday. The stock has a market capitalization of $30.90 billion, a PE ratio of 23.86, a P/E/G ratio of 1.49 and a beta of 0.63. The business has a 50 day simple moving average of $124.08 and a two-hundred day simple moving average of $117.72. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $132.84.

Cardinal Health (NYSE:CAH) last released its quarterly 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%. On average, analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

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 issued a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Cardinal Health Company 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.