DnB Asset Management AS Has $5.14 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

DnB Asset Management AS raised its position in Cardinal Health, Inc. (NYSE:CAH) by 9.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 43,475 shares of the company’s stock after acquiring an additional 3,798 shares during the period. DnB Asset Management AS’s holdings in Cardinal Health were worth $5,142,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its holdings in Cardinal Health by 11.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 51,001 shares of the company’s stock worth $6,032,000 after purchasing an additional 5,037 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Cardinal Health by 19.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 142,345 shares of the company’s stock worth $16,835,000 after buying an additional 23,374 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in Cardinal Health by 67,386.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 60,738 shares of the company’s stock worth $7,183,000 after buying an additional 60,648 shares in the last quarter. Norges Bank acquired a new position in shares of Cardinal Health during the 4th quarter worth about $246,748,000. Finally, Blair William & Co. IL grew its holdings in shares of Cardinal Health by 14.5% in the 4th quarter. Blair William & Co. IL now owns 12,754 shares of the company’s stock valued at $1,508,000 after acquiring an additional 1,618 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CAH. Argus set a $148.00 price target on Cardinal Health in a research report on Tuesday, February 4th. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $145.00 in a report on Monday, January 6th. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Finally, Citigroup boosted their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Trading Down 0.2 %

Shares of NYSE CAH opened at $136.43 on Monday. The business’s 50 day moving average is $128.36 and its 200-day moving average is $120.86. The firm has a market cap of $32.96 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $137.18.

Cardinal Health (NYSE:CAH) last posted its 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%. Analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently disclosed 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. This represents a $2.02 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 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.