Stock Yards Bank & Trust Co. decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 44.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,836 shares of the company's stock after selling 3,091 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Cardinal Health were worth $454,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Valley National Advisers Inc. increased its holdings in Cardinal Health by 1.3% during the fourth quarter. Valley National Advisers Inc. now owns 15,999 shares of the company's stock worth $1,891,000 after buying an additional 207 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Cardinal Health by 12.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,738 shares of the company's stock valued at $442,000 after acquiring an additional 406 shares during the period. Greenleaf Trust increased its stake in shares of Cardinal Health by 15.4% during the 4th quarter. Greenleaf Trust now owns 5,201 shares of the company's stock worth $615,000 after purchasing an additional 694 shares during the last quarter. Avantra Family Wealth Inc. bought a new stake in shares of Cardinal Health in the 4th quarter valued at about $881,000. Finally, Spire Wealth Management lifted its stake in Cardinal Health by 31.7% in the 4th quarter. Spire Wealth Management now owns 23,835 shares of the company's stock valued at $2,819,000 after purchasing an additional 5,733 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Bank of America raised Cardinal Health from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. StockNews.com cut Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 3rd. Wells Fargo & Company lifted their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Tuesday. 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 research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Cardinal Health presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.87.
Check Out Our Latest Research Report on Cardinal Health
Cardinal Health Trading Up 0.4 %
NYSE CAH traded up $0.57 during midday trading on Friday, hitting $127.62. The company had a trading volume of 1,797,495 shares, compared to its average volume of 2,399,000. The company has a market capitalization of $30.83 billion, a PE ratio of 23.81, a P/E/G ratio of 1.46 and a beta of 0.63. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The firm has a 50-day moving average price of $122.46 and a 200-day moving average price of $115.14.
Cardinal Health (NYSE:CAH - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that Cardinal Health, Inc. will post 7.92 EPS for the current year.
Cardinal Health Dividend Announcement
The company also recently declared 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. 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 is 37.69%.
About Cardinal Health
(
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.
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