MV Capital Management Inc. Has $93,000 Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

MV Capital Management Inc. trimmed its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 43.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 788 shares of the company’s stock after selling 607 shares during the quarter. MV Capital Management Inc.’s holdings in Cardinal Health were worth $93,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cyrus J. Lawrence LLC bought a new position in shares of Cardinal Health during the fourth quarter worth about $26,000. Promus Capital LLC acquired a new position in shares of Cardinal Health in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Cardinal Health in the 4th quarter valued at $35,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health during the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC lifted its holdings in Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock valued at $47,000 after buying an additional 144 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

CAH has been the subject of several research analyst reports. Evercore ISI upgraded 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 note on Tuesday, January 7th. Morgan Stanley raised their target price on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Argus set a $148.00 price objective on Cardinal Health in a report on Tuesday, February 4th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Finally, TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Price Performance

NYSE:CAH opened at $136.43 on Friday. The stock’s fifty day moving average price is $128.36 and its two-hundred day moving average price is $120.76. The company has a market cap of $32.96 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $137.18.

Cardinal Health (NYSE:CAH) last released 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 negative return on equity of 59.57% and a net margin of 0.59%. On average, analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 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.