Nomura Asset Management Co. Ltd. Sells 18,838 Shares of Cardinal Health, Inc. (NYSE:CAH)

Nomura Asset Management Co. Ltd. lowered its position in Cardinal Health, Inc. (NYSE:CAH) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,625 shares of the company’s stock after selling 18,838 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.20% of Cardinal Health worth $55,779,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC increased its holdings in shares of Cardinal Health by 10.1% in the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock worth $101,000 after acquiring an additional 79 shares in the last quarter. Private Trust Co. NA increased its stake in Cardinal Health by 11.0% during the 4th quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after purchasing an additional 92 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Cardinal Health by 2.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock worth $411,000 after buying an additional 93 shares during the period. TIAA Trust National Association lifted its stake in Cardinal Health by 4.5% in the fourth quarter. TIAA Trust National Association now owns 2,183 shares of the company’s stock valued at $258,000 after buying an additional 94 shares in the last quarter. Finally, MWA Asset Management boosted its holdings in shares of Cardinal Health by 2.9% in the fourth quarter. MWA Asset Management now owns 3,324 shares of the company’s stock valued at $393,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CAH. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Citigroup lifted 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. Wells Fargo & Company upped their price target on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Mizuho initiated coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Cardinal Health has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Stock Down 0.2 %

Shares of NYSE CAH opened at $136.43 on Friday. The business’s 50 day moving average price is $128.36 and its two-hundred day moving average price is $120.76. The company has a market cap of $32.96 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $137.18.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping 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%. As a group, research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is presently 37.69%.

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.