Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of Cardinal Health, Inc. (NYSE:CAH) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,708 shares of the company’s stock after selling 68,844 shares during the quarter. Intech Investment Management LLC’s holdings in Cardinal Health were worth $9,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in Cardinal Health in the fourth quarter valued at about $30,000. Kentucky Trust Co acquired a new position in shares of Cardinal Health during the 4th quarter valued at $41,000. HHM Wealth Advisors LLC lifted its holdings in Cardinal Health by 57.6% in the 4th quarter. HHM Wealth Advisors LLC now owns 394 shares of the company’s stock worth $47,000 after buying an additional 144 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Cardinal Health by 29.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 464 shares of the company’s stock worth $55,000 after purchasing an additional 106 shares during the last quarter. Finally, Quarry LP grew its position in shares of Cardinal Health by 541.7% during the 3rd quarter. Quarry LP now owns 616 shares of the company’s stock valued at $68,000 after buying an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cardinal Health Stock Performance

Shares of NYSE:CAH opened at $129.86 on Tuesday. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $132.84. The stock has a market cap of $31.37 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.49 and a beta of 0.66. The business’s fifty day moving average price is $126.54 and its two-hundred day moving average price is $119.56.

Cardinal Health (NYSE:CAH) last announced its earnings results 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%. As a group, equities research analysts predict 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. Shareholders 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 1.56%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is currently 37.69%.

Wall Street Analyst Weigh In

Several research firms recently commented on CAH. Wells Fargo & Company increased their target price on shares of Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $145.00 in a report on Monday, January 6th. Jefferies Financial Group upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $150.00 in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Cardinal Health from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Mizuho assumed coverage on shares of Cardinal Health in a report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.