Sei Investments Co. Has $54.57 Million Stake in Cardinal Health, Inc. (NYSE:CAH)

Sei Investments Co. lessened its holdings in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 461,390 shares of the company's stock after selling 74,685 shares during the quarter. Sei Investments Co. owned about 0.19% of Cardinal Health worth $54,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Rothschild Investment LLC grew its position 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 buying an additional 79 shares in the last quarter. Private Trust Co. NA raised its position in shares of 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 buying an additional 92 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Cardinal Health by 2.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock worth $411,000 after acquiring an additional 93 shares during the period. MWA Asset Management boosted 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 valued at $393,000 after acquiring an additional 95 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its position in shares of Cardinal Health by 3.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company's stock valued at $323,000 after purchasing an additional 96 shares during the period. Institutional investors own 87.17% of the company's stock.

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Cardinal Health Stock Up 2.2 %

Shares of NYSE:CAH traded up $2.92 during trading on Thursday, reaching $136.90. 2,751,298 shares of the company traded hands, compared to its average volume of 1,975,294. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $139.95. The firm has a market cap of $33.07 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The firm has a fifty day simple moving average of $127.96 and a 200 day simple moving average of $120.48.

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

Cardinal Health Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, April 1st. Cardinal Health's payout ratio is presently 37.69%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CAH shares. Jefferies Financial Group raised shares of Cardinal Health from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped 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. Citigroup raised their price objective on Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. TD Cowen raised 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 research report on Wednesday, January 8th. Finally, Mizuho started coverage on Cardinal Health in a research report on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $139.36.

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.