Commonwealth Equity Services LLC Sells 644 Shares of Cardinal Health, Inc. (NYSE:CAH)

Commonwealth Equity Services LLC decreased its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,651 shares of the company’s stock after selling 644 shares during the period. Commonwealth Equity Services LLC’s holdings in Cardinal Health were worth $8,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CAH. OneDigital Investment Advisors LLC grew its stake in shares of Cardinal Health by 9.0% during the third quarter. OneDigital Investment Advisors LLC now owns 3,732 shares of the company’s stock worth $412,000 after acquiring an additional 307 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Cardinal Health by 23.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,727 shares of the company’s stock worth $1,406,000 after purchasing an additional 2,451 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Cardinal Health during the 3rd quarter valued at approximately $214,000. Fifth Third Wealth Advisors LLC raised its holdings in shares of Cardinal Health by 17.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,070 shares of the company’s stock worth $450,000 after buying an additional 593 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Cardinal Health during the third quarter worth $1,280,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Stock Performance

Shares of Cardinal Health stock opened at $132.09 on Thursday. The firm has a 50-day simple moving average of $126.94 and a two-hundred day simple moving average of $119.78. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The company has a market cap of $31.91 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share 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%. Equities research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current 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 given a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.53%. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CAH. Citigroup upped their target price on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $144.00 in a report on Wednesday, January 8th. Argus set a $148.00 target price on Cardinal Health in a report on Tuesday, February 4th. Bank of America upgraded 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. Finally, 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 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

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.