Susquehanna Fundamental Investments LLC Acquires New Shares in Cardinal Health, Inc. (NYSE:CAH)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 214,318 shares of the company's stock, valued at approximately $25,347,000. Susquehanna Fundamental Investments LLC owned 0.09% of Cardinal Health as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CAH. Rothschild Investment LLC boosted its holdings in Cardinal Health by 10.1% during the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company's stock worth $101,000 after buying an additional 79 shares in the last quarter. Private Trust Co. NA boosted its holdings in Cardinal Health by 11.0% during the fourth 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 boosted its holdings in Cardinal Health by 2.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company's stock worth $411,000 after buying an additional 93 shares in the last quarter. TIAA Trust National Association boosted its holdings in Cardinal Health by 4.5% during the fourth quarter. TIAA Trust National Association now owns 2,183 shares of the company's stock worth $258,000 after buying an additional 94 shares in the last quarter. Finally, MWA Asset Management boosted its holdings in Cardinal Health by 2.9% during the fourth quarter. MWA Asset Management now owns 3,324 shares of the company's stock worth $393,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAH. UBS Group increased their price target on shares of Cardinal Health from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday. Citigroup lifted their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Evercore ISI raised shares of Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 target price for the company in a research note on Tuesday, January 7th. Bank of America raised their price target on shares of Cardinal Health from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Mizuho boosted their price objective on Cardinal Health from $142.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.36.

Cardinal Health Stock Up 1.1 %

Shares of Cardinal Health stock traded up $1.56 on Tuesday, hitting $139.80. 2,103,154 shares of the company were exchanged, compared to its average volume of 2,188,221. The stock has a market capitalization of $33.77 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. The company has a 50-day moving average price of $131.05 and a 200 day moving average price of $124.27. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $140.48.

Cardinal Health (NYSE:CAH - Get Free Report) last issued 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 negative return on equity of 59.57% and a net margin of 0.59%. Research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, April 1st. Cardinal Health's dividend payout ratio is currently 37.69%.

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.