Yousif Capital Management LLC Lowers Position in Cardinal Health, Inc. (NYSE:CAH)

Yousif Capital Management LLC lowered its position in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,599 shares of the company's stock after selling 4,879 shares during the period. Yousif Capital Management LLC's holdings in Cardinal Health were worth $13,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CAH. State Street Corp boosted its position in Cardinal Health by 4.6% in the third quarter. State Street Corp now owns 14,177,641 shares of the company's stock valued at $1,566,913,000 after buying an additional 627,253 shares during the last quarter. Two Sigma Advisers LP boosted its position in 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 purchasing an additional 346,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Cardinal Health by 230.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company's stock worth $52,819,000 after purchasing an additional 333,095 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Cardinal Health in the 3rd quarter worth approximately $30,820,000. Finally, Worldquant Millennium Advisors LLC boosted its position in Cardinal Health by 77.3% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company's stock worth $65,539,000 after purchasing an additional 258,541 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Cowen upgraded Cardinal Health from a "hold" rating to a "buy" rating and upped their price objective for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Barclays upped their price objective on Cardinal Health from $117.00 to $133.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Mizuho assumed coverage on Cardinal Health in a research note on Wednesday, December 4th. They set an "outperform" rating and a $139.00 target price for the company. Wells Fargo & Company upped their target price on Cardinal Health from $135.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $136.87.

Cardinal Health Price Performance

NYSE CAH traded up $0.57 during mid-day trading on Friday, hitting $127.62. The stock had a trading volume of 1,797,495 shares, compared to its average volume of 2,327,426. The firm's 50 day moving average is $122.46 and its 200 day moving average is $115.14. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The stock has a market capitalization of $30.83 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, equities research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business 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. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Cardinal Health's dividend payout ratio (DPR) is presently 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.