GPS Wealth Strategies Group LLC Lowers Stake in Cardinal Health, Inc. (NYSE:CAH)

GPS Wealth Strategies Group LLC lessened its holdings in Cardinal Health, Inc. (NYSE:CAH) by 32.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 313 shares of the company’s stock after selling 149 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Cardinal Health were worth $37,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Cardinal Health by 4.6% during the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company’s stock worth $1,566,913,000 after buying an additional 627,253 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 42,082 shares in the last quarter. Pacer Advisors Inc. raised its position in Cardinal Health by 4.7% during the third quarter. Pacer Advisors Inc. now owns 4,290,650 shares of the company’s stock worth $474,203,000 after acquiring an additional 191,568 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $162,976,000 after purchasing an additional 33,388 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Cardinal Health by 47.9% in the third quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock valued at $118,197,000 after purchasing an additional 346,362 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Price Performance

Shares of CAH stock opened at $125.56 on Tuesday. The firm’s 50-day moving average is $122.11 and its two-hundred day moving average is $114.53. The company has a market capitalization of $30.33 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.46 and a beta of 0.63. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Cardinal Health, Inc. will post 7.92 EPS for the current year.

Cardinal Health Announces Dividend

The business also recently disclosed 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. This represents a $2.02 annualized dividend and a yield of 1.61%. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

Analyst Ratings Changes

Several research analysts recently weighed in on CAH shares. Deutsche Bank Aktiengesellschaft upped their price target 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. JPMorgan Chase & Co. raised their target price on Cardinal Health from $132.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Tuesday, January 7th. Morgan Stanley raised their price objective on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday. Finally, Citigroup increased their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.64.

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.