Livforsakringsbolaget Skandia Omsesidigt Has $9.08 Million Holdings in Cardinal Health, Inc. (NYSE:CAH)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 1,224.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,799 shares of the company’s stock after buying an additional 71,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cardinal Health were worth $9,083,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Paragon Capital Management Inc. raised its stake in Cardinal Health by 0.7% during the 3rd quarter. Paragon Capital Management Inc. now owns 14,857 shares of the company’s stock worth $1,642,000 after buying an additional 99 shares during the period. Huntington National Bank raised its stake in shares of Cardinal Health by 0.9% in the 3rd quarter. Huntington National Bank now owns 10,792 shares of the company’s stock valued at $1,193,000 after purchasing an additional 100 shares during the period. Frazier Financial Advisors LLC raised its stake in shares of 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 purchasing an additional 104 shares during the period. UMB Bank n.a. raised its stake in shares of Cardinal Health by 4.9% in the 3rd quarter. UMB Bank n.a. now owns 2,249 shares of the company’s stock valued at $249,000 after purchasing an additional 106 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in shares of Cardinal Health by 29.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock valued at $55,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

CAH has been the topic of several recent research reports. Barclays lifted their price target on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Morgan Stanley lifted their price target on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. StockNews.com downgraded Cardinal Health from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.87.

Cardinal Health Stock Performance

Cardinal Health stock opened at $127.07 on Friday. 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 $30.70 billion, a P/E ratio of 23.71, a PEG ratio of 1.46 and a beta of 0.63. The stock has a 50-day simple moving average of $122.35 and a 200 day simple moving average of $114.92.

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 7.92 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is presently 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.