Cypress Capital Group Sells 1,344 Shares of Cardinal Health, Inc. (NYSE:CAH)

Cypress Capital Group decreased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,869 shares of the company’s stock after selling 1,344 shares during the period. Cypress Capital Group’s holdings in Cardinal Health were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CAH. Farther Finance Advisors LLC grew its position in shares of Cardinal Health by 3.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,435 shares of the company’s stock valued at $822,000 after acquiring an additional 260 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Cardinal Health by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 239,102 shares of the company’s stock valued at $26,426,000 after acquiring an additional 4,209 shares during the period. Van ECK Associates Corp grew its position in shares of Cardinal Health by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 31,996 shares of the company’s stock valued at $3,581,000 after acquiring an additional 1,507 shares during the period. QRG Capital Management Inc. grew its position in shares of Cardinal Health by 83.3% during the 3rd quarter. QRG Capital Management Inc. now owns 30,135 shares of the company’s stock valued at $3,331,000 after acquiring an additional 13,697 shares during the period. Finally, NorthRock Partners LLC bought a new stake in shares of Cardinal Health during the 3rd quarter valued at $537,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

CAH has been the subject of several recent analyst reports. Mizuho initiated coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price for the company. TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $144.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price 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. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their target price for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Finally, Argus set a $148.00 target price on shares of Cardinal Health in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Stock Down 2.2 %

Shares of NYSE:CAH opened at $126.38 on Wednesday. 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 $30.53 billion, a P/E ratio of 23.58, a PEG ratio of 1.49 and a beta of 0.63. The firm has a fifty day simple moving average of $125.11 and a two-hundred day simple moving average of $118.51.

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

Cardinal Health Announces Dividend

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