Congress Wealth Management LLC DE Has $934,000 Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Congress Wealth Management LLC DE decreased its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 48.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,897 shares of the company’s stock after selling 7,561 shares during the period. Congress Wealth Management LLC DE’s holdings in Cardinal Health were worth $934,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Stevens Capital Management LP acquired a new position in shares of Cardinal Health in the fourth quarter valued at approximately $265,000. LPL Financial LLC lifted its holdings in Cardinal Health by 6.7% during the 4th quarter. LPL Financial LLC now owns 231,276 shares of the company’s stock worth $27,353,000 after purchasing an additional 14,623 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in Cardinal Health in the 4th quarter valued at $718,000. KLP Kapitalforvaltning AS acquired a new position in Cardinal Health in the 4th quarter valued at $21,336,000. Finally, Mizuho Securities USA LLC increased its position in Cardinal Health by 45.1% during the 4th quarter. Mizuho Securities USA LLC now owns 22,937 shares of the company’s stock worth $2,713,000 after buying an additional 7,125 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

CAH has been the topic of several research reports. Mizuho started coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target on the stock. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Argus set a $148.00 price target on Cardinal Health in a research note on Tuesday, February 4th. Evercore ISI upgraded Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Tuesday, January 7th. Finally, Citigroup upped their target price on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Cardinal Health Trading Up 2.2 %

Shares of Cardinal Health stock opened at $136.90 on Friday. The firm’s 50 day moving average is $128.16 and its 200 day moving average is $120.59. The firm has a market capitalization of $33.07 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 1 year low of $93.17 and a 1 year high of $139.81.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate 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. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

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.