Ieq Capital LLC Increases Position in Cardinal Health, Inc. (NYSE:CAH)

Ieq Capital LLC increased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,477 shares of the company’s stock after buying an additional 4,614 shares during the period. Ieq Capital LLC’s holdings in Cardinal Health were worth $1,830,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CAH. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cardinal Health by 35.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company’s stock worth $3,871,000 after acquiring an additional 8,471 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in Cardinal Health by 1.5% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock worth $28,435,000 after acquiring an additional 3,576 shares during the period. Geode Capital Management LLC lifted its stake in Cardinal Health by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock worth $633,298,000 after purchasing an additional 42,082 shares in the last quarter. Consolidated Planning Corp lifted its stake in Cardinal Health by 40.0% in the 4th quarter. Consolidated Planning Corp now owns 8,926 shares of the company’s stock worth $1,056,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cardinal Health by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company’s stock valued at $162,976,000 after purchasing an additional 33,388 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

CAH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Barclays lifted their price objective on shares of Cardinal Health from $117.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Argus set a $148.00 price target on Cardinal Health in a research note on Tuesday, February 4th. Finally, UBS Group increased their price objective on Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.40.

Cardinal Health Price Performance

NYSE:CAH opened at $126.96 on Monday. The company’s fifty day moving average price is $123.62 and its 200-day moving average price is $117.33. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $132.84. The firm has a market capitalization of $30.67 billion, a P/E ratio of 23.69, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data 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%. Equities analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.59%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.