TIAA Trust National Association Buys 94 Shares of Cardinal Health, Inc. (NYSE:CAH)

TIAA Trust National Association lifted its position in Cardinal Health, Inc. (NYSE:CAH) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,183 shares of the company’s stock after purchasing an additional 94 shares during the period. TIAA Trust National Association’s holdings in Cardinal Health were worth $258,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CAH. Rothschild Investment LLC grew its holdings in Cardinal Health by 10.1% in the 4th quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock worth $101,000 after acquiring an additional 79 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Cardinal Health by 11.0% during the fourth quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after purchasing an additional 92 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Cardinal Health by 2.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock worth $411,000 after purchasing an additional 93 shares during the last quarter. MWA Asset Management grew its stake 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 worth $393,000 after purchasing an additional 95 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in Cardinal Health by 3.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company’s stock valued at $323,000 after purchasing an additional 96 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Cardinal Health Stock Down 0.2 %

Cardinal Health stock opened at $136.43 on Friday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $137.18. The company has a market capitalization of $32.96 billion, a P/E ratio of 25.45, a PEG ratio of 1.49 and a beta of 0.66. The stock’s 50 day moving average is $128.36 and its 200 day moving average is $120.76.

Cardinal Health (NYSE:CAH) last released its 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 expect that Cardinal Health, Inc. will post 7.95 EPS for the current 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 issued a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.48%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of recent analyst reports. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research report on Tuesday, January 7th. Citigroup raised their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their target price for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Finally, Argus set a $148.00 price target on shares of Cardinal Health in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Cardinal Health has an average rating of “Moderate Buy” and an average target price of $139.36.

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.