Bank of New Hampshire Has $2.90 Million Position in Cardinal Health, Inc. (NYSE:CAH)

Bank of New Hampshire reduced its stake in Cardinal Health, Inc. (NYSE:CAH) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,475 shares of the company’s stock after selling 582 shares during the period. Bank of New Hampshire’s holdings in Cardinal Health were worth $2,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CAH. National Bank of Canada FI increased its holdings in shares of Cardinal Health by 13.0% in the second quarter. National Bank of Canada FI now owns 98,467 shares of the company’s stock valued at $9,624,000 after purchasing an additional 11,322 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Cardinal Health by 16.4% in the second quarter. Private Advisor Group LLC now owns 14,056 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,979 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Cardinal Health in the second quarter valued at about $63,000. Certuity LLC grew its stake in shares of Cardinal Health by 7.7% in the second quarter. Certuity LLC now owns 2,217 shares of the company’s stock valued at $218,000 after acquiring an additional 158 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of Cardinal Health by 732.4% in the second quarter. Caprock Group LLC now owns 21,909 shares of the company’s stock valued at $2,154,000 after acquiring an additional 19,277 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CAH. Mizuho began coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target on the stock. Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a research note on Monday. Evercore ISI upgraded shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Tuesday. StockNews.com downgraded shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, UBS Group upped their price target on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.77.

Cardinal Health Stock Up 0.2 %

Shares of CAH stock traded up $0.19 on Tuesday, reaching $119.82. The company had a trading volume of 490,648 shares, compared to its average volume of 1,592,956. The stock has a market capitalization of $29.00 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $126.23. The business’s 50-day moving average is $118.98 and its 200 day moving average is $110.56.

Cardinal Health (NYSE:CAH) last posted its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.26. The firm had revenue of $52.28 billion during the quarter, compared to analysts’ expectations of $50.90 billion. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. On average, sell-side analysts forecast that Cardinal Health, Inc. will post 7.82 earnings per share for the current fiscal year.

Cardinal Health Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.5056 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.02 dividend on an annualized basis and a yield of 1.69%. Cardinal Health’s dividend payout ratio (DPR) is presently 39.30%.

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.