Tobam Has $2.64 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Tobam lessened its stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,289 shares of the company's stock after selling 5,879 shares during the quarter. Tobam's holdings in Cardinal Health were worth $2,636,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cardinal Health by 35.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company's stock valued at $3,871,000 after acquiring an additional 8,471 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its position in shares of Cardinal Health by 1.5% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company's stock valued at $28,435,000 after buying an additional 3,576 shares during the last quarter. Geode Capital Management LLC raised its stake in Cardinal Health by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company's stock worth $633,298,000 after acquiring an additional 42,082 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Cardinal Health by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company's stock worth $162,976,000 after acquiring an additional 33,388 shares during the last quarter. Finally, Patton Albertson Miller Group LLC acquired a new position in Cardinal Health in the fourth quarter valued at approximately $258,000. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

CAH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cardinal Health from $119.00 to $124.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Citigroup upped their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. UBS Group boosted their price objective on Cardinal Health from $134.00 to $139.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Wells Fargo & Company raised their target price on Cardinal Health from $135.00 to $136.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Cardinal Health from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $136.87.

Cardinal Health Stock Up 0.9 %

Shares of NYSE:CAH traded up $1.13 on Tuesday, reaching $128.33. The company had a trading volume of 1,061,638 shares, compared to its average volume of 2,328,343. The stock has a market capitalization of $31.00 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.49 and a beta of 0.63. The stock has a 50-day moving average price of $122.55 and a 200 day moving average price of $115.62. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal 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. 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 presently 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.