Cardinal Health, Inc. (NYSE:CAH) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,078 shares of the company's stock after buying an additional 2,477 shares during the period. Jones Financial Companies Lllp's holdings in Cardinal Health were worth $837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Frazier Financial Advisors LLC increased its position in shares of Cardinal Health by 69.8% in the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company's stock valued at $28,000 after acquiring an additional 104 shares during the period. AM Squared Ltd acquired a new position in shares of Cardinal Health in the third quarter valued at about $33,000. Kentucky Trust Co acquired a new position in shares of Cardinal Health in the fourth quarter valued at about $41,000. HHM Wealth Advisors LLC raised its stake in shares of Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company's stock worth $47,000 after purchasing an additional 144 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in Cardinal Health by 29.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company's stock valued at $55,000 after acquiring an additional 106 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Stock Down 0.5 %

NYSE CAH traded down $0.61 on Friday, hitting $126.40. 2,615,113 shares of the stock were exchanged, compared to its average volume of 2,428,862. The company has a 50-day moving average price of $125.58 and a 200-day moving average price of $118.82. The company has a market cap of $30.53 billion, a PE ratio of 23.58, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84.

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Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share 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%. As a group, equities research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.60%. Cardinal Health's payout ratio is currently 37.69%.

Wall Street Analysts Forecast Growth

CAH has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Cardinal Health from $136.00 to $142.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Evercore ISI upgraded shares of Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 target price for the company in a research note on Tuesday, January 7th. Argus set a $148.00 price target 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 lifted their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Finally, Mizuho assumed coverage on Cardinal Health in a research note on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $139.36.

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.