Catalyst Capital Advisors LLC Purchases 588 Shares of Cardinal Health, Inc. (NYSE:CAH)

Catalyst Capital Advisors LLC boosted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 426.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 726 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Cardinal Health were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. MWA Asset Management grew its position in shares of Cardinal Health by 2.9% during the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock worth $393,000 after buying an additional 95 shares during the period. Huntington National Bank grew its position in shares of Cardinal Health by 0.9% during the 3rd quarter. Huntington National Bank now owns 10,792 shares of the company’s stock worth $1,193,000 after buying an additional 100 shares during the period. Frazier Financial Advisors LLC grew its position in shares of Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after buying an additional 104 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Cardinal Health by 29.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock worth $55,000 after buying an additional 106 shares during the period. Finally, Patron Partners LLC grew its position in shares of Cardinal Health by 6.1% during the 4th quarter. Patron Partners LLC now owns 2,043 shares of the company’s stock worth $242,000 after buying an additional 117 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CAH. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their price objective on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research report on Monday, November 4th. StockNews.com lowered Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Barclays boosted their price objective on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.87.

Cardinal Health Stock Up 0.1 %

Shares of Cardinal Health stock opened at $126.35 on Wednesday. Cardinal Health, Inc. has a 12-month low of $93.17 and a 12-month high of $132.84. The stock has a market cap of $30.52 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.49 and a beta of 0.63. The business’s 50 day moving average is $123.06 and its 200-day moving average is $116.74.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (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%. On average, sell-side analysts expect that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend 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.