Smartleaf Asset Management LLC Has $163,000 Holdings in Cardinal Health, Inc. (NYSE:CAH)

Smartleaf Asset Management LLC lifted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 37.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,378 shares of the company’s stock after buying an additional 375 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Cardinal Health were worth $163,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC increased its position 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 worth $28,000 after buying an additional 104 shares during the period. Hara Capital LLC acquired a new stake in shares of Cardinal Health during the third quarter worth $31,000. AM Squared Ltd acquired a new stake in shares of Cardinal Health during the third quarter worth $33,000. Kentucky Trust Co acquired a new stake in shares of Cardinal Health during the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Cardinal Health by 57.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after buying an additional 144 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Cardinal Health Price Performance

CAH opened at $126.72 on Friday. The company’s 50-day moving average is $125.28 and its 200 day moving average is $118.57. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The firm has a market capitalization of $30.61 billion, a P/E ratio of 23.64, a PEG ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. On average, equities research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given 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 of this dividend is Tuesday, April 1st. Cardinal Health’s payout ratio is currently 37.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Mizuho assumed coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target for the company. Citigroup raised their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Morgan Stanley raised their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Argus set a $148.00 price target on shares of Cardinal Health in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Cardinal Health has an average rating of “Moderate Buy” and a consensus target price of $139.36.

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.