2,779 Shares in Cardinal Health, Inc. (NYSE:CAH) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,779 shares of the company's stock, valued at approximately $313,000.

Other hedge funds have also modified their holdings of the company. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health during the 4th quarter valued at about $26,000. Promus Capital LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new position in Cardinal Health during the fourth quarter worth $35,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health in the fourth quarter worth about $41,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Cardinal Health by 57.6% in the 4th 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 owned by institutional investors and hedge funds.

Cardinal Health Trading Up 1.5 %

Shares of NYSE CAH traded up $1.94 during midday trading on Tuesday, reaching $133.11. The company's stock had a trading volume of 307,043 shares, compared to its average volume of 2,194,364. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $139.50. The stock has a 50 day simple moving average of $130.11 and a 200-day simple moving average of $123.47. The stock has a market capitalization of $32.15 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.49 and a beta of 0.61.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Tuesday, April 1st. Cardinal Health's payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

CAH has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Jefferies Financial Group upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and upped their target price for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Citigroup upped their target price on Cardinal Health from $120.00 to $129.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Cardinal Health has an average rating of "Moderate Buy" and a consensus price target of $140.86.

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.