MWA Asset Management Acquires 95 Shares of Cardinal Health, Inc. (NYSE:CAH)

MWA Asset Management boosted its holdings in Cardinal Health, Inc. (NYSE:CAH) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,324 shares of the company’s stock after purchasing an additional 95 shares during the period. MWA Asset Management’s holdings in Cardinal Health were worth $393,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Eastern Bank bought a new stake in shares of Cardinal Health in the 3rd quarter valued at about $25,000. Frazier Financial Advisors LLC grew its position 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. Hara Capital LLC purchased a new position in Cardinal Health in the 3rd quarter worth approximately $31,000. AM Squared Ltd bought a new stake in Cardinal Health in the third quarter valued at approximately $33,000. Finally, HHM Wealth Advisors LLC boosted its stake 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 valued at $47,000 after purchasing an additional 144 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cardinal Health Stock Up 0.4 %

Shares of CAH stock opened at $127.62 on Friday. The stock has a market cap of $30.83 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.46 and a beta of 0.63. The business’s fifty 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.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Equities research analysts expect that Cardinal Health, Inc. will post 7.92 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.58%. Cardinal Health’s payout ratio is 37.69%.

Analysts Set New Price Targets

Several research analysts recently commented on CAH shares. Morgan Stanley lifted their target price on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Tuesday, January 7th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and raised their target price for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $150.00 in a research report on Wednesday. Finally, StockNews.com cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.87.

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.