Cardinal Health, Inc. (NYSE:CAH) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in Cardinal Health, Inc. (NYSE:CAH) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,001 shares of the company’s stock after purchasing an additional 5,037 shares during the period. Orion Portfolio Solutions LLC’s holdings in Cardinal Health were worth $6,032,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CAH. Pictet Asset Management Holding SA increased its holdings in Cardinal Health by 19.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 142,345 shares of the company’s stock worth $16,835,000 after buying an additional 23,374 shares during the period. New Age Alpha Advisors LLC boosted its holdings in shares of Cardinal Health by 67,386.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 60,738 shares of the company’s stock valued at $7,183,000 after acquiring an additional 60,648 shares during the last quarter. Norges Bank acquired a new stake in shares of Cardinal Health in the fourth quarter worth $246,748,000. Blair William & Co. IL raised its holdings in shares of Cardinal Health by 14.5% during the fourth quarter. Blair William & Co. IL now owns 12,754 shares of the company’s stock worth $1,508,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new position in Cardinal Health during the fourth quarter valued at $4,387,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cardinal Health Stock Down 0.2 %

CAH opened at $136.43 on Friday. The firm’s fifty day simple moving average is $128.36 and its two-hundred day simple moving average is $120.80. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $137.18. The company has a market cap of $32.96 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, beating 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, research analysts forecast that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The company 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. This represents a $2.02 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s payout ratio is 37.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CAH shares. Jefferies Financial Group raised Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $150.00 in a research report on Wednesday, February 5th. Argus set a $148.00 price target on Cardinal Health in a research report on Tuesday, February 4th. Morgan Stanley boosted their price target on Cardinal Health from $136.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Tuesday, January 7th. Finally, Mizuho began coverage on shares of Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Cardinal Health currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

About Cardinal Health

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.