Cardinal Health, Inc. (NYSE:CAH) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,937 shares of the company’s stock after purchasing an additional 210 shares during the period. Thrivent Financial for Lutherans’ holdings in Cardinal Health were worth $1,539,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Promus Capital LLC acquired a new stake in Cardinal Health in the 4th quarter valued at approximately $30,000. Kentucky Trust Co purchased a new position in shares of Cardinal Health during the fourth quarter worth $41,000. HHM Wealth Advisors LLC boosted its position 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 buying an additional 144 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Cardinal Health by 29.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock valued at $55,000 after buying an additional 106 shares during the period. Finally, Quarry LP boosted its holdings in Cardinal Health by 541.7% during the 3rd quarter. Quarry LP now owns 616 shares of the company’s stock valued at $68,000 after acquiring an additional 520 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Price Performance

Shares of NYSE CAH opened at $136.43 on Monday. The business has a 50-day moving average of $128.36 and a two-hundred day moving average of $120.86. The company has a market capitalization of $32.96 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $137.18.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, equities research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is 37.69%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CAH shares. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Mizuho initiated coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price on the stock. Citigroup boosted their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company increased their price objective on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health 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.