Entropy Technologies LP Acquires Shares of 13,495 Cardinal Health, Inc. (NYSE:CAH)

Entropy Technologies LP bought a new position in shares of Cardinal Health, Inc. (NYSE:CAH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,495 shares of the company’s stock, valued at approximately $1,596,000.

A number of other large investors have also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Cardinal Health in the 3rd quarter valued at $25,000. Frazier Financial Advisors LLC increased its stake in shares of Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after buying an additional 104 shares during the period. Hara Capital LLC bought a new position in shares of Cardinal Health during the third quarter valued at $31,000. AM Squared Ltd bought a new position in Cardinal Health during the 3rd quarter worth $33,000. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Cardinal Health during the third quarter worth about $47,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Price Performance

Shares of CAH stock opened at $127.62 on Monday. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $132.84. The company’s fifty day simple moving average is $122.46 and its two-hundred day simple moving average is $115.41. The stock has a market capitalization of $30.83 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Equities research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

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 $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 37.69%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CAH shares. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and boosted their target price for the company from $132.00 to $145.00 in a report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Wells Fargo & Company increased their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Barclays lifted their price target on Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.87.

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.