Mutual of America Capital Management LLC Sells 1,039 Shares of Cardinal Health, Inc. (NYSE:CAH)

Mutual of America Capital Management LLC decreased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,055 shares of the company’s stock after selling 1,039 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cardinal Health were worth $3,436,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC raised its holdings in Cardinal Health by 69.8% in the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. Hara Capital LLC acquired a new stake in Cardinal Health during the 3rd quarter valued at $31,000. AM Squared Ltd acquired a new stake in Cardinal Health during the 3rd quarter valued at $33,000. Kentucky Trust Co acquired a new stake in Cardinal Health during the 4th quarter valued at $41,000. Finally, HHM Wealth Advisors LLC boosted its position in Cardinal Health by 57.6% in the 4th 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 last quarter. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Cardinal Health stock opened at $127.50 on Thursday. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84. The stock has a market capitalization of $30.80 billion, a P/E ratio of 23.79, a PEG ratio of 1.49 and a beta of 0.63. The stock has a 50-day simple moving average of $125.28 and a 200 day simple moving average of $118.57.

Cardinal Health (NYSE:CAH) last issued 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%. Research analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

Analyst Ratings Changes

CAH has been the topic of a number of recent research reports. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $144.00 in a research note on Wednesday, January 8th. Argus set a $148.00 price objective on Cardinal Health in a research note on Tuesday, February 4th. Wells Fargo & Company lifted their price target on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Citigroup lifted their price target on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

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.