Landscape Capital Management L.L.C. Purchases 10,619 Shares of Cardinal Health, Inc. (NYSE:CAH)

Landscape Capital Management L.L.C. lifted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 446.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,996 shares of the company’s stock after buying an additional 10,619 shares during the period. Landscape Capital Management L.L.C.’s holdings in Cardinal Health were worth $1,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ExodusPoint Capital Management LP lifted its stake in Cardinal Health by 25.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 201,791 shares of the company’s stock worth $23,866,000 after purchasing an additional 41,554 shares during the last quarter. World Investment Advisors raised its holdings in shares of Cardinal Health by 14.0% during the 4th quarter. World Investment Advisors now owns 2,825 shares of the company’s stock worth $334,000 after buying an additional 348 shares in the last quarter. Cinctive Capital Management LP lifted its position in shares of Cardinal Health by 353.4% during the 4th quarter. Cinctive Capital Management LP now owns 144,122 shares of the company’s stock worth $17,045,000 after buying an additional 112,333 shares during the last quarter. Huntington National Bank grew its position in Cardinal Health by 1.2% in the fourth quarter. Huntington National Bank now owns 10,920 shares of the company’s stock valued at $1,292,000 after acquiring an additional 128 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in Cardinal Health during the fourth quarter worth about $1,347,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of NYSE CAH opened at $129.37 on Friday. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $139.50. The company’s 50 day moving average price is $129.15 and its 200-day moving average price is $121.55. The company has a market capitalization of $31.25 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating 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%. 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 announced 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. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.56%. Cardinal Health’s dividend payout ratio is currently 37.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CAH shares. Evercore ISI upgraded 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 research note on Tuesday, January 7th. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their target price for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Morgan Stanley upped their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Argus set a $148.00 price objective on Cardinal Health in a report on Tuesday, February 4th. Finally, Citigroup boosted their price objective on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.14.

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.