CHURCHILL MANAGEMENT Corp Has $28.44 Million Holdings in Cardinal Health, Inc. (NYSE:CAH)

CHURCHILL MANAGEMENT Corp increased its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,422 shares of the company's stock after buying an additional 3,576 shares during the quarter. Cardinal Health comprises approximately 0.3% of CHURCHILL MANAGEMENT Corp's holdings, making the stock its 25th largest position. CHURCHILL MANAGEMENT Corp owned approximately 0.10% of Cardinal Health worth $28,435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Cardinal Health during the 3rd quarter valued at about $25,000. Frazier Financial Advisors LLC boosted its holdings in Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company's stock worth $28,000 after buying an additional 104 shares in the last quarter. Hara Capital LLC bought a new stake in Cardinal Health during the third quarter worth approximately $31,000. AM Squared Ltd acquired a new position in Cardinal Health in the third quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Cardinal Health in the third quarter valued at $47,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CAH shares. Barclays lifted their target price on Cardinal Health from $117.00 to $133.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. UBS Group lifted their price target on Cardinal Health from $134.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cardinal Health from $119.00 to $124.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Bank of America raised shares of Cardinal Health from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, Mizuho started coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 price target for the company. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $133.29.

Cardinal Health Stock Up 1.0 %

Shares of NYSE:CAH traded up $1.30 on Thursday, reaching $126.01. The company had a trading volume of 332,441 shares, compared to its average volume of 1,997,526. The stock has a market capitalization of $30.50 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.48 and a beta of 0.63. The stock has a 50-day moving average price of $120.46 and a 200 day moving average price of $111.50. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $126.23.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.26. The company had revenue of $52.28 billion for the quarter, compared to analyst estimates of $50.90 billion. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The company's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. On average, sell-side analysts predict that Cardinal Health, Inc. will post 7.82 earnings per share for the current fiscal year.

Cardinal Health Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were paid a $0.5056 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.60%. Cardinal Health's payout ratio is presently 39.30%.

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.