Kentucky Retirement Systems Insurance Trust Fund Acquires 4,873 Shares of Cardinal Health, Inc. (NYSE:CAH)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Cardinal Health, Inc. (NYSE:CAH) by 67.5% during the 4th quarter, Holdings Channel reports. The fund owned 12,093 shares of the company’s stock after buying an additional 4,873 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Cardinal Health were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. MWA Asset Management raised its position in shares of Cardinal Health by 2.9% during the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock valued at $393,000 after purchasing an additional 95 shares during the period. Huntington National Bank raised its position in shares of Cardinal Health by 0.9% during 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 position in shares of Cardinal Health by 69.8% during 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. Raleigh Capital Management Inc. raised its position in shares of Cardinal Health by 29.6% during 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. Finally, Patron Partners LLC raised its position in shares of Cardinal Health by 6.1% during the 4th quarter. Patron Partners LLC now owns 2,043 shares of the company’s stock valued at $242,000 after purchasing an additional 117 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CAH. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on shares of Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group raised their target price on shares of Cardinal Health from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays raised their target price on shares of Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average target price of $136.87.

Cardinal Health Stock Up 0.1 %

Shares of NYSE:CAH opened at $126.35 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 $30.52 billion, a P/E ratio of 23.57, a PEG ratio of 1.49 and a beta of 0.63. The firm has a fifty day simple moving average of $123.06 and a two-hundred day simple moving average of $116.74.

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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a dividend yield of 1.60%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.