Everence Capital Management Inc. Has $1.41 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Everence Capital Management Inc. increased its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 27.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,940 shares of the company’s stock after buying an additional 3,030 shares during the period. Everence Capital Management Inc.’s holdings in Cardinal Health were worth $1,405,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Aaron Wealth Advisors LLC grew its holdings in shares of Cardinal Health by 1.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 8,369 shares of the company’s stock worth $844,000 after buying an additional 97 shares in the last quarter. Schechter Investment Advisors LLC grew its holdings in shares of Cardinal Health by 4.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 2,480 shares of the company’s stock worth $250,000 after buying an additional 98 shares in the last quarter. Cypress Capital Group grew its holdings in shares of Cardinal Health by 0.7% during the third quarter. Cypress Capital Group now owns 17,133 shares of the company’s stock worth $1,487,000 after buying an additional 111 shares in the last quarter. MBM Wealth Consultants LLC grew its holdings in shares of Cardinal Health by 3.7% during the third quarter. MBM Wealth Consultants LLC now owns 3,238 shares of the company’s stock worth $302,000 after buying an additional 115 shares in the last quarter. Finally, G&S Capital LLC grew its holdings in shares of Cardinal Health by 1.4% during the third quarter. G&S Capital LLC now owns 9,407 shares of the company’s stock worth $817,000 after buying an additional 128 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAH has been the subject of a number of research reports. TheStreet downgraded Cardinal Health from a “b-” rating to a “c+” rating in a report on Wednesday, December 27th. SVB Leerink initiated coverage on Cardinal Health in a research note on Monday, February 26th. They issued an “outperform” rating and a $125.00 price target for the company. Leerink Partnrs restated an “outperform” rating on shares of Cardinal Health in a research note on Monday, February 26th. UBS Group raised their price target on Cardinal Health from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Argus upgraded Cardinal Health from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.07.

Cardinal Health Trading Up 0.1 %

Shares of NYSE CAH opened at $107.19 on Wednesday. Cardinal Health, Inc. has a 12 month low of $77.56 and a 12 month high of $116.04. The stock has a 50 day moving average of $109.45 and a 200-day moving average of $104.00. The company has a market capitalization of $26.07 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.03 and a beta of 0.68.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, February 1st. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.56 by $0.26. The company had revenue of $57.45 billion during the quarter, compared to the consensus estimate of $57.02 billion. Cardinal Health had a negative return on equity of 57.44% and a net margin of 0.30%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 EPS. Analysts predict that Cardinal Health, Inc. will post 7.28 EPS for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.5006 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 1.87%. Cardinal Health’s payout ratio is currently 78.74%.

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.