Private Advisor Group LLC Has $1.50 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Private Advisor Group LLC reduced its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,696 shares of the company’s stock after selling 416 shares during the quarter. Private Advisor Group LLC’s holdings in Cardinal Health were worth $1,502,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC boosted its holdings in shares of Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares during the period. Hara Capital LLC acquired a new stake in shares of Cardinal Health during the third quarter worth approximately $31,000. AM Squared Ltd acquired a new stake in shares of Cardinal Health during the third quarter worth approximately $33,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health during the fourth quarter worth approximately $41,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after purchasing an additional 144 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAH has been the subject of several research reports. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Barclays raised their price objective on shares of Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Citigroup raised their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Finally, Mizuho began coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Stock Down 0.4 %

NYSE:CAH opened at $127.31 on Thursday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84. The firm has a market cap of $30.75 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 0.63. The company’s 50 day moving average is $124.31 and its 200-day moving average is $117.79.

Cardinal Health (NYSE:CAH) last released 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%. Research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business 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. This represents a $2.02 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is currently 37.69%.

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.