Cardinal Health, Inc. (NYSE:CAH) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its stake in Cardinal Health, Inc. (NYSE:CAH) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,870 shares of the company’s stock after buying an additional 211 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Cardinal Health were worth $931,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Cardinal Health by 868.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,799 shares of the company’s stock worth $641,000 after purchasing an additional 5,200 shares during the period. Gateway Investment Advisers LLC lifted its stake in Cardinal Health by 10.0% during the third quarter. Gateway Investment Advisers LLC now owns 6,120 shares of the company’s stock worth $676,000 after purchasing an additional 555 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Cardinal Health by 48.0% during the third quarter. Exchange Traded Concepts LLC now owns 8,875 shares of the company’s stock worth $981,000 after buying an additional 2,880 shares during the period. Sound Income Strategies LLC grew its stake in shares of Cardinal Health by 8,455.0% in the third quarter. Sound Income Strategies LLC now owns 1,711 shares of the company’s stock valued at $189,000 after buying an additional 1,691 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in shares of Cardinal Health by 8.4% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 5,614 shares of the company’s stock valued at $620,000 after buying an additional 434 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CAH shares. Wells Fargo & Company raised their target price on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. StockNews.com cut shares of Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.87.

Cardinal Health Stock Down 0.1 %

Shares of Cardinal Health stock opened at $127.30 on Tuesday. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84. The firm’s 50 day moving average is $122.55 and its two-hundred day moving average is $115.62. The firm has a market capitalization of $30.75 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates 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 expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.59%. 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.