National Bank of Canada FI boosted its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,492 shares of the company's stock after buying an additional 32,309 shares during the quarter. National Bank of Canada FI owned 0.08% of Cardinal Health worth $22,406,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC lifted its holdings in Cardinal Health by 10.1% in the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company's stock valued at $101,000 after purchasing an additional 79 shares in the last quarter. Private Trust Co. NA raised its holdings in Cardinal Health by 11.0% in the 4th quarter. Private Trust Co. NA now owns 930 shares of the company's stock valued at $110,000 after acquiring an additional 92 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Cardinal Health by 2.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock worth $411,000 after purchasing an additional 93 shares during the last quarter. TIAA Trust National Association increased its stake in Cardinal Health by 4.5% in the fourth quarter. TIAA Trust National Association now owns 2,183 shares of the company's stock valued at $258,000 after purchasing an additional 94 shares during the last quarter. Finally, MWA Asset Management boosted its stake in Cardinal Health by 2.9% in the 4th quarter. MWA Asset Management now owns 3,324 shares of the company's stock worth $393,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. TD Cowen upgraded Cardinal Health from a "hold" rating to a "buy" rating and boosted their target price for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and raised their price target for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Mizuho raised their target price 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, Argus set a $148.00 price target on Cardinal Health in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of "Moderate Buy" and an average target price of $140.14.
Read Our Latest Stock Report on CAH
Cardinal Health Price Performance
Shares of Cardinal Health stock traded up $2.41 during trading on Tuesday, hitting $128.09. The stock had a trading volume of 883,322 shares, compared to its average volume of 2,140,804. The firm has a market cap of $30.94 billion, a P/E ratio of 23.91, a PEG ratio of 1.49 and a beta of 0.61. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $139.50. The business has a fifty day moving average of $129.05 and a two-hundred day moving average of $121.80.
Cardinal Health (NYSE:CAH - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.
Cardinal Health Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.58%. Cardinal Health's dividend payout ratio (DPR) is presently 37.69%.
Cardinal Health Company Profile
(
Free Report)
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.
See Also
Before you consider Cardinal Health, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cardinal Health wasn't on the list.
While Cardinal Health currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
