Westover Capital Advisors LLC Invests $208,000 in Cardinal Health, Inc. (NYSE:CAH)

Westover Capital Advisors LLC acquired a new stake in Cardinal Health, Inc. (NYSE:CAH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,760 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Cardinal Health by 3.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,435 shares of the company’s stock worth $822,000 after buying an additional 260 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Cardinal Health by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 239,102 shares of the company’s stock valued at $26,426,000 after acquiring an additional 4,209 shares during the last quarter. Van ECK Associates Corp raised its stake in Cardinal Health by 4.9% during the third quarter. Van ECK Associates Corp now owns 31,996 shares of the company’s stock worth $3,581,000 after acquiring an additional 1,507 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Cardinal Health by 83.3% in the third quarter. QRG Capital Management Inc. now owns 30,135 shares of the company’s stock worth $3,331,000 after acquiring an additional 13,697 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in shares of Cardinal Health in the 3rd quarter valued at approximately $537,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen raised shares of Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $144.00 in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $150.00 in a research note on Wednesday, February 5th. Citigroup raised their price objective on Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Argus set a $148.00 target price on Cardinal Health in a report on Tuesday, February 4th. Finally, Mizuho initiated coverage on Cardinal Health in a research note on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Stock Performance

NYSE:CAH opened at $126.38 on Wednesday. Cardinal Health, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $132.84. The company has a 50 day simple moving average of $125.11 and a two-hundred day simple moving average of $118.51. The company has a market capitalization of $30.53 billion, a PE ratio of 23.58, a P/E/G ratio of 1.49 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share for the quarter, topping 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%. Research analysts predict that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio is 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.