JSF Financial LLC Makes New $967,000 Investment in Cardinal Health, Inc. (NYSE:CAH)

JSF Financial LLC bought a new stake in Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,178 shares of the company’s stock, valued at approximately $967,000.

Other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Cardinal Health by 868.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,799 shares of the company’s stock worth $641,000 after purchasing an additional 5,200 shares during the period. Gateway Investment Advisers LLC raised its stake in Cardinal Health by 10.0% during the third quarter. Gateway Investment Advisers LLC now owns 6,120 shares of the company’s stock worth $676,000 after acquiring an additional 555 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Cardinal Health by 48.0% during the third quarter. Exchange Traded Concepts LLC now owns 8,875 shares of the company’s stock worth $981,000 after acquiring an additional 2,880 shares in the last quarter. Sound Income Strategies LLC raised its stake in Cardinal Health by 8,455.0% during the third quarter. Sound Income Strategies LLC now owns 1,711 shares of the company’s stock worth $189,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its stake in Cardinal Health by 8.4% during the third quarter. Redhawk Wealth Advisors Inc. now owns 5,614 shares of the company’s stock worth $620,000 after acquiring an additional 434 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group boosted their target price on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Wells Fargo & Company upped 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.87.

Cardinal Health Trading Down 0.1 %

Shares of NYSE:CAH opened at $127.30 on Tuesday. The company has a 50 day moving average of $122.55 and a 200 day moving average of $115.62. The stock has a market cap of $30.75 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. Cardinal Health’s dividend payout ratio is 37.69%.

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.