Cardinal Health, Inc. (NYSE:CAH) Stock Holdings Boosted by National Bank of Canada FI

National Bank of Canada FI increased its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 59.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,183 shares of the company's stock after purchasing an additional 58,716 shares during the quarter. National Bank of Canada FI owned 0.06% of Cardinal Health worth $17,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Cardinal Health by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company's stock valued at $162,976,000 after acquiring an additional 33,388 shares in the last quarter. Alpha Cubed Investments LLC acquired a new stake in Cardinal Health during the 3rd quarter valued at approximately $371,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Cardinal Health during the 3rd quarter worth approximately $1,691,000. National Wealth Management Group LLC purchased a new stake in Cardinal Health during the 3rd quarter worth approximately $903,000. Finally, Cerity Partners LLC raised its position in shares of Cardinal Health by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 32,964 shares of the company's stock valued at $3,643,000 after purchasing an additional 8,707 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on CAH shares. Mizuho began coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They set an "outperform" rating and a $139.00 price target for the company. Argus boosted their target price on shares of Cardinal Health from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Robert W. Baird increased their price target on shares of Cardinal Health from $130.00 to $137.00 and gave the stock an "outperform" rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their price objective on Cardinal Health from $95.00 to $101.00 and gave the company an "underweight" rating in a report on Thursday, August 15th. Finally, UBS Group upped their price objective on Cardinal Health from $134.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.58.

Cardinal Health Stock Down 1.0 %

NYSE CAH traded down $1.17 during trading hours on Tuesday, hitting $120.41. The company had a trading volume of 1,307,012 shares, compared to its average volume of 2,100,292. The firm has a market cap of $29.14 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.61. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $126.23. The business has a fifty day simple moving average of $116.51 and a 200-day simple moving average of $107.90.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.26. The business had revenue of $52.28 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. Equities analysts forecast that Cardinal Health, Inc. will post 7.82 EPS for the current fiscal year.

Cardinal Health Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.5056 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.02 annualized dividend and a dividend yield of 1.68%. Cardinal Health's dividend payout ratio is presently 39.30%.

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.