Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Cardinal Health, Inc. (NYSE:CAH) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,982 shares of the company’s stock after purchasing an additional 1,505 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Cardinal Health were worth $1,890,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CAH. Paragon Capital Management Inc. raised its holdings in Cardinal Health by 0.7% in the 2nd quarter. Paragon Capital Management Inc. now owns 14,758 shares of the company’s stock valued at $1,451,000 after buying an additional 99 shares during the last quarter. Huntington National Bank grew its position in Cardinal Health by 0.9% in the 3rd quarter. Huntington National Bank now owns 10,792 shares of the company’s stock valued at $1,193,000 after purchasing an additional 100 shares during the period. Frazier Financial Advisors LLC boosted its holdings in Cardinal Health by 69.8% during the 3rd 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. UMB Bank n.a. boosted its holdings in shares of Cardinal Health by 4.9% in the 3rd quarter. UMB Bank n.a. now owns 2,249 shares of the company’s stock worth $249,000 after buying an additional 106 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in Cardinal Health by 29.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock valued at $55,000 after acquiring an additional 106 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CAH shares. Morgan Stanley upped their target price on Cardinal Health from $127.00 to $136.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Mizuho started coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. UBS Group upped their price objective on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upgraded shares of Cardinal Health from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $101.00 to $127.00 in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.64.

Cardinal Health Trading Up 1.4 %

NYSE:CAH opened at $130.65 on Tuesday. The firm has a market cap of $31.62 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63. The stock has a fifty day moving average price of $121.57 and a 200 day moving average price of $113.42. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $131.00.

Cardinal Health (NYSE:CAH) last posted its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.26. The business had revenue of $52.28 billion for the quarter, compared to analysts’ expectations of $50.90 billion. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. Equities analysts forecast that Cardinal Health, Inc. will post 7.82 EPS for the current year.

Cardinal Health Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were issued a $0.5056 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.02 annualized dividend and a yield of 1.55%. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

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.