Sivik Global Healthcare LLC Has $5.91 Million Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Sivik Global Healthcare LLC raised its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Cardinal Health comprises 3.1% of Sivik Global Healthcare LLC’s investment portfolio, making the stock its 11th largest holding. Sivik Global Healthcare LLC’s holdings in Cardinal Health were worth $5,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Cardinal Health by 4.6% in the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company’s stock valued at $1,566,913,000 after buying an additional 627,253 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Cardinal Health by 47.9% during the third quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock worth $118,197,000 after purchasing an additional 346,362 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cardinal Health by 230.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock valued at $52,819,000 after purchasing an additional 333,095 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Cardinal Health in the 3rd quarter valued at approximately $30,820,000. Finally, Worldquant Millennium Advisors LLC raised its holdings in shares of Cardinal Health by 77.3% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock worth $65,539,000 after buying an additional 258,541 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

CAH has been the topic of a number of analyst reports. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $145.00 in a research report on Monday, January 6th. Citigroup boosted their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. TD Cowen raised shares of 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 report on Wednesday, January 8th. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Barclays lifted their price target on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.21.

Cardinal Health Stock Performance

NYSE:CAH opened at $130.13 on Thursday. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.57 and a beta of 0.63. The firm’s 50-day simple moving average is $121.90 and its 200 day simple moving average is $113.75. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $131.29.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.19. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. Sell-side analysts anticipate that Cardinal Health, Inc. will post 7.82 EPS for the current year.

Cardinal Health Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were paid a $0.5056 dividend. This represents a $2.02 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, January 2nd. Cardinal Health’s payout ratio is 39.30%.

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.