Wayfinding Financial LLC Invests $236,000 in Cardinal Health, Inc. (NYSE:CAH)

Wayfinding Financial LLC acquired a new position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,995 shares of the company's stock, valued at approximately $236,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Cardinal Health by 4.6% during the third quarter. State Street Corp now owns 14,177,641 shares of the company's stock valued at $1,566,913,000 after acquiring an additional 627,253 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cardinal Health during the 4th quarter worth $45,115,000. Two Sigma Advisers LP boosted its holdings in shares of Cardinal Health by 47.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company's stock worth $118,197,000 after buying an additional 346,362 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Cardinal Health by 230.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company's stock valued at $52,819,000 after buying an additional 333,095 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its holdings in Cardinal Health by 77.3% during the third quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company's stock worth $65,539,000 after buying an additional 258,541 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAH. Morgan Stanley raised their price target 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. Citigroup boosted their target price on Cardinal Health from $120.00 to $129.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Evercore ISI upgraded Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 price target for the company in a research note on Tuesday, January 7th. Mizuho started coverage on Cardinal Health in a report on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 price objective for the company. Finally, Jefferies Financial Group raised shares of Cardinal Health from a "hold" rating to a "buy" rating and upped their price objective for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Cardinal Health presently has a consensus rating of "Moderate Buy" and an average price target of $139.36.

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Cardinal Health Trading Up 0.9 %

Shares of CAH stock traded up $1.16 during trading hours on Wednesday, reaching $133.91. The stock had a trading volume of 1,231,981 shares, compared to its average volume of 1,970,202. The stock's fifty day simple moving average is $127.78 and its 200 day simple moving average is $120.38. The firm has a market capitalization of $32.35 billion, a PE ratio of 24.98, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $134.74.

Cardinal Health (NYSE:CAH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating 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 fiscal year.

Cardinal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.51%. Cardinal Health's dividend payout ratio is currently 37.69%.

About Cardinal Health

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.