Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. raised its position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 57.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 370,196 shares of the company's stock after purchasing an additional 134,600 shares during the quarter. APG Asset Management N.V. owned 0.15% of Cardinal Health worth $42,282,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cyrus J. Lawrence LLC purchased a new position in shares of Cardinal Health in the fourth quarter valued at about $26,000. Promus Capital LLC purchased a new stake in Cardinal Health during the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Cardinal Health during the fourth quarter valued at approximately $35,000. Kentucky Trust Co bought a new position in shares of Cardinal Health during the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC grew its stake in Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company's stock valued at $47,000 after acquiring an additional 144 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Price Performance

NYSE:CAH traded up $1.26 during trading hours on Monday, reaching $133.03. The company had a trading volume of 332,028 shares, compared to its average volume of 2,526,362. The firm has a market cap of $32.14 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $139.50. The business's 50 day moving average price is $129.33 and its 200-day moving average price is $122.48.

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Cardinal Health (NYSE:CAH - Get Free Report) last announced 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%. On average, analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

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 dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health's dividend payout ratio is currently 37.69%.

Wall Street Analyst Weigh In

CAH has been the subject of a number of research analyst reports. TD Cowen upgraded Cardinal Health from a "hold" rating to a "buy" rating and raised their price objective for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Mizuho raised their target price on shares of Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Citigroup upped their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and boosted their target price for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.86.

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.