JSF Financial LLC Acquires Shares of 8,178 Cardinal Health, Inc. (NYSE:CAH)

JSF Financial LLC bought a new position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,178 shares of the company's stock, valued at approximately $967,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of Cardinal Health in the 3rd quarter valued at about $25,000. Frazier Financial Advisors LLC grew its holdings 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 in the last quarter. Hara Capital LLC bought a new position in shares of Cardinal Health in the 3rd quarter valued at about $31,000. AM Squared Ltd bought a new position in Cardinal Health during the third quarter worth about $33,000. Finally, HHM Wealth Advisors LLC grew its holdings in Cardinal Health by 57.6% during 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 period. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Barclays lifted their price target on Cardinal Health from $117.00 to $133.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Evercore ISI upgraded Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 price target for the company in a report on Tuesday, January 7th. TD Cowen upgraded Cardinal Health from a "hold" rating to a "buy" rating and lifted their price target for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Cardinal Health from $119.00 to $124.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $136.87.

Cardinal Health Stock Performance

Shares of NYSE CAH traded up $0.21 during midday trading on Friday, reaching $126.99. The company's stock had a trading volume of 748,880 shares, compared to its average volume of 2,335,527. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The business's 50 day moving average price is $122.78 and its two-hundred day moving average price is $115.99. The company has a market cap of $30.68 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.59%. Cardinal Health's dividend payout ratio is currently 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.