Etesian Wealth Advisors Inc. Reduces Position in Cardinal Health, Inc. (NYSE:CAH)

Etesian Wealth Advisors Inc. trimmed its stake in Cardinal Health, Inc. (NYSE:CAH) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,657 shares of the company’s stock after selling 136 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Cardinal Health were worth $669,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Cardinal Health by 4.6% during the 3rd quarter. State Street Corp now owns 14,177,641 shares of the company’s stock valued at $1,566,913,000 after buying an additional 627,253 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Cardinal Health by 47.9% during the third quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock valued at $118,197,000 after acquiring an additional 346,362 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of 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 valued at $52,819,000 after acquiring an additional 333,095 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Cardinal Health in the third quarter worth about $30,820,000. Finally, Worldquant Millennium Advisors LLC raised its stake in Cardinal Health by 77.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock valued at $65,539,000 after purchasing an additional 258,541 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAH has been the subject of several recent analyst reports. Mizuho started coverage on Cardinal Health in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 price target for the company. Jefferies Financial Group raised shares of Cardinal Health from a “hold” rating to a “buy” rating and raised their target price for the company from $140.00 to $150.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, StockNews.com cut Cardinal Health from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.87.

Cardinal Health Stock Up 1.8 %

NYSE CAH opened at $127.41 on Thursday. Cardinal Health, Inc. has a 52 week low of $93.17 and a 52 week high of $132.84. The firm has a market capitalization of $30.78 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.46 and a beta of 0.63. The company has a fifty day moving average of $122.26 and a two-hundred day moving average of $114.83.

Cardinal Health (NYSE:CAH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Cardinal Health had a net margin of 0.59% and a negative return on equity of 59.57%. Equities research analysts anticipate that Cardinal Health, Inc. will post 7.92 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.5056 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is currently 37.69%.

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.