Thomasville National Bank Sells 415 Shares of Cardinal Health, Inc. (NYSE:CAH)

Thomasville National Bank cut its position in Cardinal Health, Inc. (NYSE:CAH) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,818 shares of the company’s stock after selling 415 shares during the period. Thomasville National Bank’s holdings in Cardinal Health were worth $806,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Cardinal Health by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock valued at $633,298,000 after purchasing an additional 42,082 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Cardinal Health by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company’s stock worth $162,976,000 after acquiring an additional 33,388 shares during the last quarter. Alpha Cubed Investments LLC bought a new position in shares of Cardinal Health during the third quarter worth about $371,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Cardinal Health during the third quarter worth about $1,691,000. Finally, National Wealth Management Group LLC bought a new position in shares of Cardinal Health during the third quarter worth about $903,000. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAH has been the subject of several recent analyst reports. Mizuho initiated coverage on Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. UBS Group raised their price objective on Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.29.

Cardinal Health Price Performance

Shares of CAH traded down $0.99 during mid-day trading on Monday, hitting $120.58. The stock had a trading volume of 322,512 shares, compared to its average volume of 1,985,481. The firm has a market cap of $29.18 billion, a P/E ratio of 23.46, a PEG ratio of 1.47 and a beta of 0.63. The business has a fifty day moving average price of $119.88 and a 200-day moving average price of $111.08. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $126.23.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.26. The company had revenue of $52.28 billion during the quarter, compared to analysts’ expectations of $50.90 billion. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 earnings per share. As a group, research analysts expect that Cardinal Health, Inc. will post 7.82 earnings per share for the current fiscal year.

Cardinal Health Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, January 2nd. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

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.