Citizens Financial Group Inc. RI Increases Stock Position in Cardinal Health, Inc. (NYSE:CAH)

Citizens Financial Group Inc. RI increased its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,773 shares of the company’s stock after purchasing an additional 382 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Cardinal Health were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CAH. Frazier Financial Advisors LLC lifted its position in shares of Cardinal Health by 69.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock worth $28,000 after buying an additional 104 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Cardinal Health during the fourth quarter valued at approximately $30,000. AM Squared Ltd purchased a new stake in shares of Cardinal Health during the third quarter valued at approximately $33,000. Kentucky Trust Co bought a new stake in Cardinal Health during the fourth quarter worth $41,000. Finally, HHM Wealth Advisors LLC boosted its position in Cardinal Health by 57.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after purchasing an additional 144 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Cardinal Health Stock Performance

Shares of CAH opened at $126.24 on Friday. The stock has a market capitalization of $30.49 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a 52-week low of $93.17 and a 52-week high of $132.84. The stock’s 50-day simple moving average is $125.99 and its 200 day simple moving average is $119.14.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS 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 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.5056 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.02 annualized dividend and a yield of 1.60%. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAH. Mizuho initiated coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Argus set a $148.00 price objective on shares of Cardinal Health in a report on Tuesday, February 4th. Citigroup boosted their target price on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Cardinal Health from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Evercore ISI raised shares of Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Cardinal Health currently has an average rating of “Moderate Buy” and an average target price of $139.36.

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.