Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,764 shares of the company's stock after buying an additional 63,535 shares during the quarter. First Trust Advisors LP owned 0.09% of Cardinal Health worth $26,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CAH. Cyrus J. Lawrence LLC acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $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 stake in shares of Cardinal Health in the 4th quarter valued at $35,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health in the 4th quarter valued at $41,000. Finally, HHM Wealth Advisors LLC raised its holdings 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 purchasing an additional 144 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Price Performance

Shares of CAH stock traded up $1.56 during mid-day trading on Tuesday, hitting $139.80. The stock had a trading volume of 2,103,154 shares, compared to its average volume of 2,186,239. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $140.48. The firm has a market cap of $33.77 billion, a PE ratio of 26.08, a PEG ratio of 1.49 and a beta of 0.61. The company's 50-day simple moving average is $131.05 and its 200-day simple moving average is $124.27.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. On average, analysts expect 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. Stockholders of record on Tuesday, April 1st were given a $0.5056 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.45%. Cardinal Health's dividend payout ratio is presently 37.69%.

Wall Street Analyst Weigh In

CAH has been the topic of a number of analyst reports. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Jefferies Financial Group raised shares of Cardinal Health from a "hold" rating to a "buy" rating and increased their target price for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Bank of America increased their target price on shares of Cardinal Health from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, April 11th. UBS Group increased their target price on shares of Cardinal Health from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, TD Cowen raised shares of Cardinal Health from a "hold" rating to a "buy" rating and increased their target price for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Cardinal Health has a consensus rating of "Moderate Buy" and a consensus price target of $142.36.

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.