Envestnet Portfolio Solutions Inc. Has $5.11 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Envestnet Portfolio Solutions Inc. lifted its stake in Cardinal Health, Inc. (NYSE:CAH) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,191 shares of the company’s stock after acquiring an additional 4,853 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cardinal Health were worth $5,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Cardinal Health in the 4th quarter valued at about $30,000. Kentucky Trust Co bought a new stake in Cardinal Health in the fourth quarter valued at approximately $41,000. HHM Wealth Advisors LLC lifted its position in shares of Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after buying an additional 144 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Cardinal Health by 29.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock worth $55,000 after acquiring an additional 106 shares during the period. Finally, Quarry LP increased its holdings in shares of Cardinal Health by 541.7% during the 3rd quarter. Quarry LP now owns 616 shares of the company’s stock worth $68,000 after acquiring an additional 520 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

CAH has been the topic of a number of research reports. Citigroup upped their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Argus set a $148.00 target price on Cardinal Health in a research note on Tuesday, February 4th. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Tuesday, January 7th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $145.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Cardinal Health has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Trading Up 1.0 %

Shares of NYSE CAH opened at $131.36 on Wednesday. The stock has a fifty day simple moving average of $126.75 and a two-hundred day simple moving average of $119.69. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $133.12. The firm has a market cap of $31.73 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share 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%. Analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, April 1st. Cardinal Health’s 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.