Cardinal Health, Inc. (NYSE:CAH) Holdings Raised by Mariner LLC

Mariner LLC boosted its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,160 shares of the company's stock after buying an additional 2,685 shares during the quarter. Mariner LLC's holdings in Cardinal Health were worth $6,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in Cardinal Health in the fourth quarter valued at $26,000. Promus Capital LLC acquired a new stake in shares of Cardinal Health in the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cardinal Health in the fourth quarter valued at about $35,000. Kentucky Trust Co acquired a new position in shares of Cardinal Health during the fourth quarter worth about $41,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 144 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Stock Performance

Shares of NYSE:CAH traded up $1.42 during trading on Thursday, reaching $135.85. The company had a trading volume of 1,215,720 shares, compared to its average volume of 2,183,954. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $139.50. The firm has a market capitalization of $32.82 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. The firm's fifty day moving average is $130.40 and its 200 day moving average is $123.61.

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

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.5056 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.49%. Cardinal Health's dividend payout ratio is currently 37.69%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAH. JPMorgan Chase & Co. lifted their price objective on Cardinal Health from $142.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Bank of America boosted their target price on shares of Cardinal Health from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Mizuho raised their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Finally, 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 research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.86.

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.