Bailard Inc. Has $711,000 Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Bailard Inc. grew its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 6,012 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Bailard Inc.’s holdings in Cardinal Health were worth $711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC lifted its stake in Cardinal Health by 10.1% during the fourth quarter. Rothschild Investment LLC now owns 858 shares of the company’s stock valued at $101,000 after buying an additional 79 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Cardinal Health by 11.0% in the 4th quarter. Private Trust Co. NA now owns 930 shares of the company’s stock valued at $110,000 after acquiring an additional 92 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Cardinal Health by 2.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,479 shares of the company’s stock valued at $411,000 after acquiring an additional 93 shares in the last quarter. MWA Asset Management boosted its stake in Cardinal Health by 2.9% in the 4th quarter. MWA Asset Management now owns 3,324 shares of the company’s stock worth $393,000 after purchasing an additional 95 shares during the period. Finally, Transcend Capital Advisors LLC grew its position in Cardinal Health by 3.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,735 shares of the company’s stock worth $323,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

CAH has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their target price for the company from $140.00 to $150.00 in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Morgan Stanley upped their target price on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Argus set a $148.00 price target on shares of Cardinal Health in a report on Tuesday, February 4th. Finally, Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $145.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Trading Down 0.4 %

Cardinal Health stock opened at $128.96 on Tuesday. The company has a market capitalization of $31.15 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.49 and a beta of 0.63. Cardinal Health, Inc. has a 1-year low of $93.17 and a 1-year high of $132.84. The firm’s fifty day simple moving average is $124.96 and its 200-day simple moving average is $118.40.

Cardinal Health (NYSE:CAH) last posted its earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. On average, equities research analysts predict that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.57%. Cardinal Health’s payout ratio is currently 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.