Sanctuary Advisors LLC Decreases Stake in Cardinal Health, Inc. (NYSE:CAH)

Sanctuary Advisors LLC lowered its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,709 shares of the company's stock after selling 9,879 shares during the period. Sanctuary Advisors LLC's holdings in Cardinal Health were worth $6,247,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in Cardinal Health by 4.6% in the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company's stock worth $1,566,913,000 after purchasing an additional 627,253 shares during the period. Two Sigma Advisers LP increased its position in shares of Cardinal Health by 47.9% in the third quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company's stock valued at $118,197,000 after buying an additional 346,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Cardinal Health by 230.0% during 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 buying an additional 333,095 shares during the period. Worldquant Millennium Advisors LLC lifted its position in shares of Cardinal Health by 77.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company's stock valued at $65,539,000 after buying an additional 258,541 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Cardinal Health by 4.7% in the 3rd quarter. Pacer Advisors Inc. now owns 4,290,650 shares of the company's stock valued at $474,203,000 after acquiring an additional 191,568 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group raised shares of Cardinal Health from a "hold" rating to a "buy" rating and increased their price objective for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Bank of America raised shares of Cardinal Health from a "neutral" rating to a "buy" rating and increased their price objective for the company from $132.00 to $145.00 in a report on Monday, January 6th. Finally, Mizuho assumed coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They set an "outperform" rating and a $139.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Cardinal Health currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.87.

Cardinal Health Stock Performance

Shares of CAH traded down $0.07 during mid-day trading on Friday, hitting $127.32. 671,480 shares of the company's stock were exchanged, compared to its average volume of 2,291,503. The stock's 50-day moving average is $123.45 and its 200-day moving average is $116.88. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 1.49 and a beta of 0.63.

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

Cardinal Health Dividend Announcement

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 1.59%. The ex-dividend date 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.