Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Vest Financial LLC

Vest Financial LLC decreased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 506,051 shares of the company’s stock after selling 1,347 shares during the period. Cardinal Health makes up about 1.1% of Vest Financial LLC’s portfolio, making the stock its 9th largest position. Vest Financial LLC owned approximately 0.21% of Cardinal Health worth $59,851,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CAH. Eastern Bank purchased a new stake in Cardinal Health in the 3rd quarter valued at $25,000. Frazier Financial Advisors LLC boosted its holdings in Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Hara Capital LLC bought a new stake in shares of Cardinal Health in the 3rd quarter worth $31,000. AM Squared Ltd purchased a new stake in shares of Cardinal Health in the third quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Cardinal Health during the third quarter valued at about $47,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of CAH opened at $127.62 on Friday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The business has a 50-day moving average of $122.46 and a 200 day moving average of $115.14. The firm has a market cap of $30.83 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its 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 net margin of 0.59% and a negative return on equity of 59.57%. As a group, research analysts predict that Cardinal Health, Inc. will post 7.92 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 dividend on an annualized basis and a yield of 1.58%. Cardinal Health’s payout ratio is 37.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAH. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup increased their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Wells Fargo & Company boosted their price objective on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.87.

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.