XTX Topco Ltd Reduces Position in Cardinal Health, Inc. (NYSE:CAH)

XTX Topco Ltd cut its stake in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 74.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,302 shares of the company's stock after selling 18,812 shares during the quarter. XTX Topco Ltd's holdings in Cardinal Health were worth $696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Cardinal Health by 16.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,492 shares of the company's stock worth $540,000 after purchasing an additional 787 shares during the period. Baader Bank Aktiengesellschaft bought a new position in shares of Cardinal Health during the second quarter valued at approximately $205,000. Murphy Pohlad Asset Management LLC bought a new position in shares of Cardinal Health during the second quarter valued at approximately $1,208,000. Assenagon Asset Management S.A. lifted its stake in shares of Cardinal Health by 9.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 10,385 shares of the company's stock worth $1,021,000 after acquiring an additional 891 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in Cardinal Health during the 2nd quarter valued at $105,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAH has been the subject of several research analyst reports. Robert W. Baird lifted their target price on Cardinal Health from $130.00 to $137.00 and gave the stock an "outperform" rating in a research report on Thursday, August 15th. Argus boosted their price objective on shares of Cardinal Health from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cardinal Health from $119.00 to $124.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Mizuho began coverage on Cardinal Health in a report on Wednesday, December 4th. They issued an "outperform" rating and a $139.00 price target for the company. Finally, Morgan Stanley raised their price objective on Cardinal Health from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.58.

Cardinal Health Stock Up 0.0 %

Shares of Cardinal Health stock traded up $0.04 on Thursday, reaching $117.46. The stock had a trading volume of 2,386,806 shares, compared to its average volume of 2,101,121. The stock has a market capitalization of $28.43 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.53 and a beta of 0.61. The company has a 50 day moving average price of $116.86 and a 200 day moving average price of $108.14. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $126.23.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.26. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The business had revenue of $52.28 billion for the quarter, compared to analyst estimates of $50.90 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The business's revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts forecast that Cardinal Health, Inc. will post 7.82 earnings per share for the current fiscal year.

Cardinal Health Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, January 2nd. Cardinal Health's dividend payout ratio (DPR) is presently 39.30%.

Cardinal Health Company 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.