Sei Investments Co. Sells 74,685 Shares of Cardinal Health, Inc. (NYSE:CAH)

Sei Investments Co. reduced its holdings in Cardinal Health, Inc. (NYSE:CAH) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 461,390 shares of the company’s stock after selling 74,685 shares during the quarter. Sei Investments Co. owned about 0.19% of Cardinal Health worth $54,569,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its holdings in shares of Cardinal Health by 45.1% during the fourth quarter. Mizuho Securities USA LLC now owns 22,937 shares of the company’s stock valued at $2,713,000 after purchasing an additional 7,125 shares during the period. Cyrus J. Lawrence LLC bought a new stake in Cardinal Health in the 4th quarter valued at about $26,000. MRP Capital Investments LLC raised its stake in Cardinal Health by 3.0% during the 4th quarter. MRP Capital Investments LLC now owns 5,140 shares of the company’s stock worth $608,000 after buying an additional 150 shares during the period. 1620 Investment Advisors Inc. raised its stake in Cardinal Health by 4.9% during the 4th quarter. 1620 Investment Advisors Inc. now owns 3,205 shares of the company’s stock worth $379,000 after buying an additional 149 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Cardinal Health in the fourth quarter worth approximately $236,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAH has been the subject of several recent research reports. TD Cowen upgraded Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $144.00 in a report on Wednesday, January 8th. Argus set a $148.00 price target on shares of Cardinal Health in a research note on Tuesday, February 4th. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Mizuho started coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Finally, Citigroup upped their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Trading Down 1.0 %

Shares of CAH opened at $131.80 on Monday. The stock has a 50 day moving average of $127.35 and a 200 day moving average of $120.08. The company has a market capitalization of $31.84 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $133.67.

Cardinal Health (NYSE:CAH) last released its earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. As a group, equities research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.5056 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.53%. Cardinal Health’s payout ratio is 37.69%.

About Cardinal Health

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.