SageView Advisory Group LLC Buys New Shares in Cardinal Health, Inc. (NYSE:CAH)

SageView Advisory Group LLC bought a new position in Cardinal Health, Inc. (NYSE:CAH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,778 shares of the company's stock, valued at approximately $447,000.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC grew its holdings in shares of Cardinal Health by 10.1% during 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 during the last quarter. Private Trust Co. NA grew its position in Cardinal Health by 11.0% during the 4th quarter. Private Trust Co. NA now owns 930 shares of the company's stock worth $110,000 after acquiring an additional 92 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Cardinal Health by 2.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock valued at $411,000 after purchasing an additional 93 shares during the last quarter. TIAA Trust National Association boosted its stake in shares of Cardinal Health by 4.5% during 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 period. Finally, MWA Asset Management grew its holdings in shares of Cardinal Health by 2.9% in the fourth quarter. MWA Asset Management now owns 3,324 shares of the company's stock worth $393,000 after purchasing an additional 95 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of analyst reports. Mizuho boosted their price objective on shares of Cardinal Health from $142.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Evercore ISI upgraded Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group upgraded Cardinal Health from a "hold" rating to a "buy" rating and upped their target price for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Citigroup upped their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.86.

Cardinal Health Stock Performance

Shares of CAH traded up $0.25 during trading hours on Friday, hitting $134.61. The company had a trading volume of 2,350,067 shares, compared to its average volume of 2,196,448. The stock has a market capitalization of $32.52 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.49 and a beta of 0.61. The firm has a fifty day moving average price of $130.03 and a 200-day moving average price of $123.15. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $139.50.

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

Cardinal Health Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.50%. Cardinal Health's dividend payout ratio (DPR) is currently 37.69%.

About Cardinal Health

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.