Whittier Trust Co. Has $204,000 Stake in Cardinal Health, Inc. (NYSE:CAH)

Whittier Trust Co. grew its holdings in Cardinal Health, Inc. (NYSE:CAH) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,729 shares of the company’s stock after purchasing an additional 406 shares during the period. Whittier Trust Co.’s holdings in Cardinal Health were worth $204,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Cardinal Health in the 4th quarter valued at about $30,000. Kentucky Trust Co bought a new stake in shares of Cardinal Health in the 4th quarter valued at approximately $41,000. HHM Wealth Advisors LLC grew its stake in shares of Cardinal Health by 57.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after buying an additional 144 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of 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 buying an additional 106 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Cardinal Health by 541.7% in the 3rd quarter. Quarry LP now owns 616 shares of the company’s stock valued at $68,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Down 1.0 %

Shares of CAH stock opened at $131.80 on Monday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $133.67. The firm has a market cap of $31.84 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The stock has a 50 day moving average of $127.35 and a 200-day moving average of $120.08.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS 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%. As a group, equities analysts predict that Cardinal Health, Inc. will post 7.95 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. Investors of record on Tuesday, April 1st will be paid a $0.5056 dividend. 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 payout ratio is 37.69%.

Wall Street Analysts Forecast Growth

CAH has been the subject of several recent research reports. Citigroup boosted their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Tuesday, January 7th. Argus set a $148.00 price target on Cardinal Health in a research note on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Finally, Mizuho began coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.