Cibc World Markets Corp Has $7.16 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Cibc World Markets Corp increased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 82.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,564 shares of the company's stock after purchasing an additional 27,456 shares during the quarter. Cibc World Markets Corp's holdings in Cardinal Health were worth $7,163,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC boosted its stake in shares of Cardinal Health by 10.1% during the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company's stock worth $101,000 after buying an additional 79 shares during the last quarter. Private Trust Co. NA boosted its position in Cardinal Health by 11.0% during the fourth quarter. Private Trust Co. NA now owns 930 shares of the company's stock valued at $110,000 after purchasing an additional 92 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Cardinal Health by 2.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock valued at $411,000 after purchasing an additional 93 shares during the last quarter. MWA Asset Management boosted its position in Cardinal Health by 2.9% during the fourth quarter. MWA Asset Management now owns 3,324 shares of the company's stock valued at $393,000 after purchasing an additional 95 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in shares of Cardinal Health by 3.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company's stock valued at $323,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CAH shares. TD Cowen raised Cardinal Health from a "hold" rating to a "buy" rating and increased their price objective for the company from $130.00 to $144.00 in a report on Wednesday, January 8th. Morgan Stanley increased their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Argus set a $148.00 target price on shares of Cardinal Health in a research note on Tuesday, February 4th. Citigroup raised their target price 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, Evercore ISI raised Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 price objective for the company in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Cardinal Health currently has an average rating of "Moderate Buy" and a consensus target price of $139.36.

Cardinal Health Price Performance

Cardinal Health stock traded down $1.29 during midday trading on Friday, hitting $131.80. The company's stock had a trading volume of 5,709,521 shares, compared to its average volume of 1,974,154. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $133.67. The company has a 50-day moving average price of $127.35 and a two-hundred day moving average price of $120.00. The company has a market cap of $31.84 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) 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%. Sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, April 1st. Cardinal Health's dividend payout ratio is 37.69%.

Cardinal Health Company 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.