Community Bank & Trust Waco Texas Increases Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Community Bank & Trust Waco Texas boosted its position in Cardinal Health, Inc. (NYSE:CAH) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,409 shares of the company’s stock after purchasing an additional 225 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Cardinal Health were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. JSF Financial LLC bought a new position in Cardinal Health in the 4th quarter valued at $967,000. Essex Financial Services Inc. bought a new position in Cardinal Health in the 4th quarter worth about $213,000. Angeles Wealth Management LLC bought a new position in Cardinal Health in the 4th quarter worth about $205,000. Kestra Private Wealth Services LLC increased its stake in Cardinal Health by 23.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,593 shares of the company’s stock worth $1,962,000 after acquiring an additional 3,177 shares during the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in Cardinal Health in the 4th quarter worth about $573,000. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CAH has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. Citigroup upped their target price on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a research note on Tuesday, January 7th. Mizuho assumed coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.87.

Cardinal Health Stock Performance

NYSE CAH opened at $127.30 on Tuesday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The stock has a 50 day simple moving average of $122.55 and a two-hundred day simple moving average of $115.62. The stock has a market cap of $30.75 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data 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%. Sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. This represents a $2.02 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) 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.