Mather Group LLC. Sells 822 Shares of Cardinal Health, Inc. (NYSE:CAH)

Mather Group LLC. decreased its position in Cardinal Health, Inc. (NYSE:CAH) by 15.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,634 shares of the company’s stock after selling 822 shares during the period. Mather Group LLC.’s holdings in Cardinal Health were worth $548,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CAH. Czech National Bank lifted its stake in Cardinal Health by 7.0% in the 3rd quarter. Czech National Bank now owns 49,673 shares of the company’s stock valued at $5,490,000 after acquiring an additional 3,259 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cardinal Health by 34.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,557 shares of the company’s stock valued at $393,000 after acquiring an additional 902 shares in the last quarter. Alpha Cubed Investments LLC bought a new stake in Cardinal Health in the 3rd quarter valued at approximately $371,000. Future Financial Wealth Managment LLC bought a new stake in Cardinal Health in the 3rd quarter valued at approximately $55,000. Finally, Pensionfund Sabic acquired a new position in shares of Cardinal Health during the 3rd quarter worth approximately $1,105,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 1.8 %

NYSE:CAH opened at $127.41 on Thursday. The stock’s 50-day simple moving average is $122.26 and its 200 day simple moving average is $114.83. The firm has a market capitalization of $30.78 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.63. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share 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%. On average, analysts anticipate that Cardinal Health, Inc. will post 7.92 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently announced 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 1.59%. Cardinal Health’s dividend payout ratio is presently 37.69%.

Analyst Ratings Changes

Several research firms have weighed in on CAH. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Mizuho began coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target on the stock. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $150.00 in a research report on Wednesday. Finally, Citigroup boosted their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.87.

Cardinal Health 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.