Vontobel Holding Ltd. Boosts Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Vontobel Holding Ltd. lifted its position in Cardinal Health, Inc. (NYSE:CAH) by 82.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,162 shares of the company’s stock after buying an additional 39,800 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cardinal Health were worth $8,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CAH. Cornerstone Planning Group LLC purchased a new stake in shares of Cardinal Health in the 3rd quarter valued at $26,000. BKM Wealth Management LLC purchased a new stake in Cardinal Health during the 4th quarter worth about $30,000. Retirement Group LLC increased its holdings in Cardinal Health by 1,539.3% during the 4th quarter. Retirement Group LLC now owns 459 shares of the company’s stock worth $35,000 after purchasing an additional 431 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Cardinal Health during the 4th quarter worth about $41,000. Finally, Headlands Technologies LLC purchased a new stake in Cardinal Health during the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 0.1 %

Shares of NYSE CAH opened at $107.19 on Wednesday. The stock has a market cap of $26.07 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.68. Cardinal Health, Inc. has a 52-week low of $77.56 and a 52-week high of $116.04. The business has a 50-day moving average price of $109.45 and a 200 day moving average price of $104.00.

Cardinal Health (NYSE:CAH) last announced its 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. The firm had revenue of $57.45 billion during the quarter, compared to analysts’ expectations of $57.02 billion. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 EPS. Sell-side analysts anticipate that Cardinal Health, Inc. will post 7.28 earnings per share for the current year.

Cardinal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.5006 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. Cardinal Health’s payout ratio is 78.74%.

Analysts Set New Price Targets

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

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.