Transcend Capital Advisors LLC grew its holdings in Cardinal Health, Inc. (NYSE:CAH – Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,735 shares of the company’s stock after purchasing an additional 96 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Cardinal Health were worth $323,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of CAH. State Street Corp boosted its stake in Cardinal Health by 4.6% in the third quarter. State Street Corp now owns 14,177,641 shares of the company’s stock worth $1,566,913,000 after purchasing an additional 627,253 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Cardinal Health by 47.9% in 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Cardinal Health by 230.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock worth $52,819,000 after purchasing an additional 333,095 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its stake in Cardinal Health by 77.3% in the third quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock worth $65,539,000 after purchasing an additional 258,541 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Cardinal Health by 4.7% in the third quarter. Pacer Advisors Inc. now owns 4,290,650 shares of the company’s stock worth $474,203,000 after purchasing an additional 191,568 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.
Cardinal Health Stock Performance
NYSE:CAH opened at $126.96 on Monday. The company has a market cap of $30.67 billion, a PE ratio of 23.69, a PEG ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The stock has a 50-day simple moving average of $123.62 and a 200 day simple moving average of $117.33.
Cardinal Health Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.5056 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.59%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.
Wall Street Analyst Weigh In
CAH has been the topic of several research reports. TD Cowen raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Mizuho initiated coverage on Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target on the stock. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Finally, Bank of America raised 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 note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.40.
Get Our Latest Stock Analysis on CAH
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.
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