Foster & Motley Inc. Has $5.94 Million Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Foster & Motley Inc. lifted its holdings in Cardinal Health, Inc. (NYSE:CAH) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,259 shares of the company’s stock after purchasing an additional 118 shares during the period. Foster & Motley Inc.’s holdings in Cardinal Health were worth $5,944,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CAH. CHURCHILL MANAGEMENT Corp raised its position in shares of Cardinal Health by 1.5% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock valued at $28,435,000 after purchasing an additional 3,576 shares during the period. Geode Capital Management LLC raised its holdings in Cardinal Health by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock worth $633,298,000 after acquiring an additional 42,082 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cardinal Health by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company’s stock worth $162,976,000 after acquiring an additional 33,388 shares during the last quarter. Alpha Cubed Investments LLC bought a new stake in Cardinal Health during the third quarter valued at about $371,000. Finally, Patton Albertson Miller Group LLC acquired a new stake in shares of Cardinal Health in the fourth quarter valued at about $258,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CAH shares. Wells Fargo & Company boosted their price objective on Cardinal Health from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Mizuho started coverage on Cardinal Health in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price objective for the company. TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Barclays upped 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, UBS Group raised their price target on shares of Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average price target of $135.21.

Cardinal Health Stock Down 0.2 %

Shares of CAH opened at $127.53 on Thursday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $131.29. The stock has a market cap of $30.86 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.57 and a beta of 0.63. The company has a 50-day moving average price of $121.90 and a two-hundred day moving average price of $113.75.

Cardinal Health (NYSE:CAH) last posted its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.62 by $0.26. Cardinal Health had a negative return on equity of 56.56% and a net margin of 0.56%. The business had revenue of $52.28 billion during the quarter, compared to the consensus estimate of $50.90 billion. During the same quarter last year, the company earned $1.73 EPS. Cardinal Health’s revenue was down 4.3% on a year-over-year basis. Equities research analysts expect that Cardinal Health, Inc. will post 7.82 EPS for the current fiscal year.

Cardinal Health Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a $0.5056 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Thursday, January 2nd. Cardinal Health’s payout ratio is 39.30%.

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.