Gen Wealth Partners Inc Has $579,000 Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Gen Wealth Partners Inc cut its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,900 shares of the company’s stock after selling 109 shares during the period. Gen Wealth Partners Inc’s holdings in Cardinal Health were worth $579,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Cardinal Health by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,859,132 shares of the company’s stock valued at $691,145,000 after purchasing an additional 109,273 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cardinal Health by 4.6% during the 4th quarter. Invesco Ltd. now owns 3,182,514 shares of the company’s stock worth $376,396,000 after acquiring an additional 140,368 shares during the period. Marshall Wace LLP increased its holdings in shares of Cardinal Health by 154.6% during the 4th quarter. Marshall Wace LLP now owns 3,151,736 shares of the company’s stock worth $372,756,000 after acquiring an additional 1,913,892 shares during the last quarter. Northern Trust Corp raised its stake in Cardinal Health by 16.2% in the 4th quarter. Northern Trust Corp now owns 3,037,849 shares of the company’s stock valued at $359,286,000 after acquiring an additional 422,755 shares during the period. Finally, Amundi lifted its holdings in Cardinal Health by 5.5% during the 4th quarter. Amundi now owns 2,116,291 shares of the company’s stock valued at $259,309,000 after purchasing an additional 110,605 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAH has been the topic of several research analyst reports. Mizuho increased their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Citigroup reiterated a “neutral” rating on shares of Cardinal Health in a research note on Thursday, May 1st. UBS Group lifted their target price on Cardinal Health from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Argus set a $148.00 price target on shares of Cardinal Health in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average price target of $146.43.

Cardinal Health Stock Up 0.7 %

Shares of CAH opened at $148.36 on Friday. The business’s 50-day moving average price is $134.65 and its 200-day moving average price is $126.30. The stock has a market cap of $35.41 billion, a PE ratio of 27.68, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $154.07.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, May 1st. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.20. The business had revenue of $54.88 billion for the quarter, compared to the consensus estimate of $55.33 billion. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $2.08 earnings per share. Analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.5107 dividend. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, July 1st. Cardinal Health’s dividend payout ratio is currently 31.51%.

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.