2,713 Shares in Cardinal Health, Inc. $CAH Acquired by Mcdonald Partners LLC

Mcdonald Partners LLC bought a new stake in Cardinal Health, Inc. (NYSE:CAH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,713 shares of the company’s stock, valued at approximately $426,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its position in shares of Cardinal Health by 1,363.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 161 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. Jones Financial Companies Lllp raised its stake in Cardinal Health by 198.3% during the first quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after buying an additional 14,034 shares during the last quarter. American Capital Advisory LLC lifted its holdings in Cardinal Health by 5,200.0% in the third quarter. American Capital Advisory LLC now owns 212 shares of the company’s stock valued at $33,000 after buying an additional 208 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in Cardinal Health by 55.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 200 shares of the company’s stock valued at $34,000 after acquiring an additional 71 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Cardinal Health during the third quarter valued at $35,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

CAH has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Cardinal Health from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Zacks Research upgraded Cardinal Health from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Leerink Partners increased their price target on Cardinal Health from $268.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cardinal Health from $195.00 to $208.00 and gave the stock a “hold” rating in a research report on Tuesday, November 18th. Finally, UBS Group set a $260.00 target price on shares of Cardinal Health and gave the company a “buy” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cardinal Health has an average rating of “Moderate Buy” and an average price target of $245.67.

Cardinal Health Stock Performance

Shares of Cardinal Health stock opened at $223.11 on Thursday. The stock has a market capitalization of $52.50 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.46 and a beta of 0.65. Cardinal Health, Inc. has a 52 week low of $120.72 and a 52 week high of $233.60. The stock has a 50 day moving average price of $215.28 and a two-hundred day moving average price of $188.84.

Cardinal Health (NYSE:CAH) last issued its earnings results on Thursday, February 5th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.32. Cardinal Health had a negative return on equity of 92.50% and a net margin of 0.68%.The company had revenue of $65.63 billion for the quarter, compared to analysts’ expectations of $64.88 billion. During the same period last year, the business earned $1.93 EPS. Cardinal Health’s quarterly revenue was up 18.8% compared to the same quarter last year. Research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.5107 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is 29.35%.

About Cardinal Health

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.