Generali Asset Management SPA SGR Invests $3.38 Million in Cardinal Health, Inc. (NYSE:CAH)

Generali Asset Management SPA SGR bought a new stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,584 shares of the company's stock, valued at approximately $3,381,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAH. State Street Corp boosted its holdings in shares of Cardinal Health by 4.6% in the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company's stock valued at $1,566,913,000 after purchasing an additional 627,253 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cardinal Health by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company's stock valued at $633,298,000 after acquiring an additional 42,082 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Cardinal Health by 4.7% in the third quarter. Pacer Advisors Inc. now owns 4,290,650 shares of the company's stock valued at $474,203,000 after acquiring an additional 191,568 shares during the last quarter. Amundi grew its position in Cardinal Health by 5.5% during the fourth quarter. Amundi now owns 2,116,291 shares of the company's stock valued at $259,309,000 after acquiring an additional 110,605 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Cardinal Health by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,519,011 shares of the company's stock worth $179,653,000 after acquiring an additional 44,386 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

CAH has been the topic of several research analyst reports. TD Cowen raised Cardinal Health from a "hold" rating to a "buy" rating and lifted their price objective for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Bank of America upgraded shares of Cardinal Health from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Evercore ISI raised shares of Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 target price on the stock in a research note on Tuesday, January 7th. Citigroup lifted their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Finally, Mizuho started coverage on Cardinal Health in a research report on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.36.

Cardinal Health Trading Up 1.0 %

Cardinal Health stock traded up $1.36 during mid-day trading on Monday, reaching $133.25. The company's stock had a trading volume of 2,153,232 shares, compared to its average volume of 1,975,724. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $133.67. The business has a 50 day moving average price of $127.35 and a 200-day moving average price of $120.08. The firm has a market cap of $32.19 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.52%. The ex-dividend date is Tuesday, April 1st. Cardinal Health's payout ratio is 37.69%.

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.