J.W. Cole Advisors Inc. Takes $616,000 Position in Cardinal Health, Inc. (NYSE:CAH)

J.W. Cole Advisors Inc. acquired a new position in shares of Cardinal Health, Inc. (NYSE:CAH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,110 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $26,000. BKM Wealth Management LLC purchased a new position in Cardinal Health in the fourth quarter worth approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Cardinal Health during the fourth quarter worth $36,000. Headlands Technologies LLC purchased a new stake in Cardinal Health in the third quarter valued at $47,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Cardinal Health in the 4th quarter valued at $59,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CAH shares. TheStreet downgraded Cardinal Health from a “b-” rating to a “c+” rating in a research report on Wednesday, December 27th. UBS Group lifted their price target on shares of Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Argus upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating in a report on Friday, February 9th. SVB Leerink began coverage on shares of Cardinal Health in a report on Monday, February 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Leerink Partnrs reissued an “outperform” rating on shares of Cardinal Health in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.07.

Cardinal Health Trading Down 5.0 %

NYSE:CAH opened at $102.83 on Tuesday. Cardinal Health, Inc. has a 12-month low of $77.56 and a 12-month high of $116.04. The firm has a market cap of $25.01 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 1.04 and a beta of 0.68. The stock has a fifty day moving average price of $109.58 and a 200 day moving average price of $104.50.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.26. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. The company had revenue of $57.45 billion for the quarter, compared to analyst estimates of $57.02 billion. During the same quarter last year, the company earned $1.32 EPS. Cardinal Health’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts forecast that Cardinal Health, Inc. will post 7.28 EPS for the current year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.5006 per share. This represents a $2.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 28th. Cardinal Health’s dividend payout ratio (DPR) is presently 78.74%.

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.