Buckley Wealth Management LLC Has $1.24 Million Stock Holdings in Cardinal Health, Inc. (NYSE:CAH)

Buckley Wealth Management LLC cut its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,057 shares of the company’s stock after selling 285 shares during the quarter. Buckley Wealth Management LLC’s holdings in Cardinal Health were worth $1,237,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Aaron Wealth Advisors LLC boosted its holdings in Cardinal Health by 1.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 8,369 shares of the company’s stock valued at $844,000 after purchasing an additional 97 shares in the last quarter. Schechter Investment Advisors LLC boosted its holdings in Cardinal Health by 4.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 2,480 shares of the company’s stock valued at $250,000 after purchasing an additional 98 shares in the last quarter. J. W. Coons Advisors LLC boosted its holdings in Cardinal Health by 0.6% during the fourth quarter. J. W. Coons Advisors LLC now owns 16,680 shares of the company’s stock valued at $1,681,000 after purchasing an additional 100 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Cardinal Health by 53.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 338 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Finally, Tompkins Financial Corp boosted its holdings in Cardinal Health by 6.4% during the first quarter. Tompkins Financial Corp now owns 1,994 shares of the company’s stock valued at $223,000 after purchasing an additional 120 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Cardinal Health Price Performance

Shares of CAH stock traded up $0.11 during trading hours on Friday, reaching $99.73. The company had a trading volume of 719,872 shares, compared to its average volume of 2,192,812. The company has a 50 day moving average of $100.08 and a 200 day moving average of $104.59. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 1.15 and a beta of 0.64. Cardinal Health, Inc. has a 1-year low of $85.11 and a 1-year high of $116.04.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.13. The company had revenue of $54.90 billion for the quarter, compared to the consensus estimate of $56.05 billion. Cardinal Health had a negative return on equity of 54.74% and a net margin of 0.25%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 EPS. As a group, sell-side analysts forecast that Cardinal Health, Inc. will post 7.35 EPS for the current fiscal year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.5056 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Cardinal Health’s previous quarterly dividend of $0.50. Cardinal Health’s dividend payout ratio is currently 88.89%.

Analyst Ratings Changes

A number of research firms have weighed in on CAH. Evercore ISI lifted their price objective on Cardinal Health from $110.00 to $115.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Cardinal Health from a “buy” rating to a “strong-buy” rating in a research note on Monday. Robert W. Baird cut their target price on shares of Cardinal Health from $134.00 to $128.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company cut their target price on shares of Cardinal Health from $96.00 to $94.00 and set an “underweight” rating for the company in a research note on Monday, April 29th. Finally, Argus cut their target price on shares of Cardinal Health from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

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.