Zurcher Kantonalbank Zurich Cantonalbank Sells 6,746 Shares of Cardinal Health, Inc. (NYSE:CAH)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Cardinal Health, Inc. (NYSE:CAH - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,535 shares of the company's stock after selling 6,746 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Cardinal Health worth $15,438,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CAH. Frazier Financial Advisors LLC raised its position in shares of Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company's stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Promus Capital LLC bought a new position in shares of Cardinal Health during the fourth quarter worth about $30,000. AM Squared Ltd bought a new position in shares of Cardinal Health during the third quarter worth about $33,000. Kentucky Trust Co bought a new position in shares of Cardinal Health during the fourth quarter worth about $41,000. Finally, HHM Wealth Advisors LLC raised its position in shares of Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company's stock worth $47,000 after acquiring an additional 144 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Cardinal Health Trading Up 1.5 %

Shares of NYSE:CAH traded up $1.93 during mid-day trading on Friday, hitting $128.20. 1,863,244 shares of the company traded hands, compared to its average volume of 2,452,832. The stock has a market cap of $30.97 billion, a P/E ratio of 23.92, a P/E/G 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 $132.84. The stock has a 50-day moving average price of $126.33 and a two-hundred day moving average price of $119.38.

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Cardinal Health (NYSE:CAH - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.58%. Cardinal Health's dividend payout ratio is currently 37.69%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CAH shares. Morgan Stanley raised their price objective on Cardinal Health from $136.00 to $142.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup lifted their target price on Cardinal Health from $120.00 to $129.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Evercore ISI upgraded Cardinal Health from an "in-line" rating to an "outperform" rating and set a $140.00 target price for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on Cardinal Health from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, Argus set a $148.00 target price on Cardinal Health in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $139.36.

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.