Kestra Private Wealth Services LLC Buys 3,660 Shares of Cardinal Health, Inc. (NYSE:CAH)

Kestra Private Wealth Services LLC boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAHFree Report) by 44.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,961 shares of the company’s stock after buying an additional 3,660 shares during the period. Kestra Private Wealth Services LLC’s holdings in Cardinal Health were worth $1,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAH. Ameriprise Financial Inc. increased its holdings in shares of Cardinal Health by 82.2% in the third quarter. Ameriprise Financial Inc. now owns 4,128,009 shares of the company’s stock valued at $358,390,000 after purchasing an additional 1,862,291 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Cardinal Health by 118.9% in the fourth quarter. California Public Employees Retirement System now owns 1,516,035 shares of the company’s stock valued at $152,816,000 after purchasing an additional 823,520 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Cardinal Health during the 4th quarter worth approximately $464,800,000. Deutsche Bank AG grew its position in Cardinal Health by 64.9% in the third quarter. Deutsche Bank AG now owns 1,027,670 shares of the company’s stock valued at $89,222,000 after purchasing an additional 404,609 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Cardinal Health by 17.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,619,561 shares of the company’s stock valued at $264,052,000 after acquiring an additional 389,431 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CAH shares. Robert W. Baird dropped their price target on Cardinal Health from $134.00 to $128.00 and set an “outperform” rating on the stock in a research note on Friday. Wells Fargo & Company cut their price target on Cardinal Health from $96.00 to $94.00 and set an “underweight” rating for the company in a research note on Monday, April 29th. SVB Leerink initiated coverage on shares of Cardinal Health in a research note on Monday, February 26th. They set an “outperform” rating and a $125.00 price objective on the stock. StockNews.com raised Cardinal Health from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Leerink Partnrs restated an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.79.

Check Out Our Latest Report on Cardinal Health

Cardinal Health Price Performance

CAH opened at $98.90 on Friday. Cardinal Health, Inc. has a 1 year low of $77.56 and a 1 year high of $116.04. The stock’s 50 day simple moving average is $109.28 and its 200 day simple moving average is $104.97. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 1.03 and a beta of 0.71.

Cardinal Health (NYSE:CAHGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.13. Cardinal Health had a net margin of 0.30% and a negative return on equity of 57.44%. The company had revenue of $54.90 billion during the quarter, compared to the consensus estimate of $56.05 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. Cardinal Health’s revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Cardinal Health, Inc. will post 7.28 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.5006 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, March 28th. Cardinal Health’s payout ratio is 78.74%.

Cardinal Health Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cardinal Health (NYSE:CAH)

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