2,163 Shares in Cardinal Health, Inc. (NYSE:CAH) Acquired by Partners in Financial Planning

Partners in Financial Planning purchased a new position in Cardinal Health, Inc. (NYSE:CAH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,163 shares of the company's stock, valued at approximately $256,000.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in shares of Cardinal Health by 23.9% during the third quarter. Thrivent Financial for Lutherans now owns 12,727 shares of the company's stock worth $1,406,000 after buying an additional 2,451 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Cardinal Health during the third quarter worth about $1,691,000. Public Sector Pension Investment Board grew its stake in Cardinal Health by 12.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,637 shares of the company's stock valued at $1,176,000 after acquiring an additional 1,200 shares in the last quarter. Fred Alger Management LLC raised its holdings in Cardinal Health by 4.7% in the 3rd quarter. Fred Alger Management LLC now owns 31,052 shares of the company's stock valued at $3,432,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Cardinal Health by 230.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company's stock worth $52,819,000 after purchasing an additional 333,095 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Cardinal Health from $142.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Morgan Stanley lifted their price target on Cardinal Health from $136.00 to $142.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup upped their price objective 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. Jefferies Financial Group upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and boosted their target price for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Finally, TD Cowen upgraded shares of Cardinal Health from a "hold" rating to a "buy" rating and raised their price target for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Cardinal Health has a consensus rating of "Moderate Buy" and a consensus price target of $140.14.

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Cardinal Health Stock Performance

Shares of NYSE CAH traded down $4.35 during trading on Friday, reaching $132.74. The stock had a trading volume of 1,120,069 shares, compared to its average volume of 2,116,553. The company has a market cap of $32.07 billion, a P/E ratio of 24.96, 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 $139.50. The business's 50-day moving average price is $129.14 and its 200-day moving average price is $121.44.

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, topping 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%. Analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health's 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.