HealthInvest Partners AB Has $3.62 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

HealthInvest Partners AB increased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,680 shares of the company’s stock after buying an additional 3,180 shares during the period. Cardinal Health accounts for approximately 1.7% of HealthInvest Partners AB’s holdings, making the stock its 19th biggest holding. HealthInvest Partners AB’s holdings in Cardinal Health were worth $3,618,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CAH. Eastern Bank bought a new position in Cardinal Health in the 3rd quarter valued at $25,000. Frazier Financial Advisors LLC lifted its stake in shares of Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares during the period. Hara Capital LLC bought a new position in Cardinal Health in the third quarter valued at about $31,000. AM Squared Ltd acquired a new stake in Cardinal Health in the third quarter worth about $33,000. Finally, Kentucky Trust Co bought a new stake in Cardinal Health during the 4th quarter worth about $41,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Trading Down 0.3 %

Shares of NYSE CAH opened at $126.96 on Monday. The company has a fifty day moving average price of $123.62 and a 200 day moving average price of $117.33. The firm has a market cap of $30.67 billion, a PE ratio of 23.69, a PEG ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $132.84.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data 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%. Equities research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.59%. Cardinal Health’s dividend payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CAH shares. Citigroup increased their price objective on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Argus set a $148.00 price target on Cardinal Health in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.40.

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.