Consolidated Planning Corp Has $1.06 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Consolidated Planning Corp lifted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,926 shares of the company's stock after acquiring an additional 2,552 shares during the quarter. Consolidated Planning Corp's holdings in Cardinal Health were worth $1,056,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CAH. Eastern Bank purchased a new stake in shares of Cardinal Health during the third quarter worth about $25,000. Frazier Financial Advisors LLC increased its holdings in Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company's stock valued at $28,000 after buying an additional 104 shares during the last quarter. Hara Capital LLC bought a new stake in Cardinal Health in the third quarter valued at about $31,000. AM Squared Ltd bought a new stake in Cardinal Health in the third quarter valued at about $33,000. Finally, Kentucky Trust Co bought a new stake in Cardinal Health in the fourth quarter valued at about $41,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho assumed coverage on Cardinal Health in a report on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 price objective for the company. StockNews.com lowered Cardinal Health from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Cardinal Health from $119.00 to $124.00 and gave the company a "hold" rating in a report on Monday, November 4th. 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 report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Cardinal Health from a "hold" rating to a "buy" rating and lifted their target price for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.87.

Cardinal Health Price Performance

Shares of NYSE CAH traded down $0.44 during midday trading on Friday, hitting $126.35. 1,620,302 shares of the company's stock were exchanged, compared to its average volume of 2,327,426. The stock's 50 day moving average price is $122.85 and its 200-day moving average price is $116.30. The firm has a market cap of $30.52 billion, a P/E ratio of 23.57, a PEG ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) 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 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.60%. Cardinal Health's dividend payout ratio (DPR) 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.