Cardinal Health, Inc. (NYSE:CAH) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its holdings in Cardinal Health, Inc. (NYSE:CAH) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 436,689 shares of the company’s stock after selling 1,294 shares during the period. CIBC Private Wealth Group LLC owned about 0.18% of Cardinal Health worth $53,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAH. Rothschild Investment LLC increased its position in Cardinal Health by 10.1% in the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock worth $101,000 after buying an additional 79 shares during the period. Private Trust Co. NA grew its stake in shares of Cardinal Health by 11.0% in the fourth quarter. Private Trust Co. NA now owns 930 shares of the company’s stock worth $110,000 after purchasing an additional 92 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Cardinal Health by 2.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock worth $411,000 after purchasing an additional 93 shares during the period. TIAA Trust National Association grew its position in Cardinal Health by 4.5% in the 4th quarter. TIAA Trust National Association now owns 2,183 shares of the company’s stock valued at $258,000 after buying an additional 94 shares in the last quarter. Finally, MWA Asset Management boosted its holdings in shares of Cardinal Health by 2.9% in the fourth quarter. MWA Asset Management now owns 3,324 shares of the company’s stock valued at $393,000 after acquiring an additional 95 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Bank of America raised Cardinal Health from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and lifted their price target for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Argus set a $148.00 price objective on shares of Cardinal Health in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Cardinal Health currently has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Stock Down 0.2 %

Shares of CAH opened at $136.43 on Monday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $137.18. The company’s fifty day moving average is $128.36 and its 200-day moving average is $120.86. The firm has a market cap of $32.96 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66.

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 negative return on equity of 59.57% and a net margin of 0.59%. As a group, research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.5056 dividend. This represents a $2.02 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 37.69%.

Cardinal Health 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.