Kestra Private Wealth Services LLC Purchases 3,177 Shares of Cardinal Health, Inc. (NYSE:CAH)

Kestra Private Wealth Services LLC lifted its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 23.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,593 shares of the company’s stock after buying an additional 3,177 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Cardinal Health were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CAH. Eastern Bank bought a new position in shares of Cardinal Health during the third quarter worth approximately $25,000. Frazier Financial Advisors LLC increased its stake in shares of Cardinal Health by 69.8% during the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares during the period. Hara Capital LLC bought a new position in shares of Cardinal Health during the third quarter worth approximately $31,000. AM Squared Ltd bought a new position in shares of Cardinal Health during the third quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC bought a new position in Cardinal Health during the 3rd quarter worth $47,000. Institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Up 0.9 %

NYSE CAH opened at $128.38 on Wednesday. Cardinal Health, Inc. has a twelve month low of $93.17 and a twelve month high of $132.84. The company has a market cap of $31.01 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63. The business’s fifty day moving average is $122.66 and its 200 day moving average is $115.83.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data 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, research analysts anticipate that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.5056 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is 37.69%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America upgraded Cardinal Health from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. UBS Group raised their price objective on Cardinal Health from $134.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Mizuho assumed coverage on Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective on the stock. Wells Fargo & Company raised their price objective on Cardinal Health from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Cardinal Health has an average rating of “Moderate Buy” and an average target price of $136.87.

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.