Cardinal Health, Inc. (NYSE:CAH) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC reduced its position in shares of Cardinal Health, Inc. (NYSE:CAH) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 13,446 shares of the company’s stock after selling 285 shares during the period. Jeppson Wealth Management LLC’s holdings in Cardinal Health were worth $1,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new position in shares of Cardinal Health during the 3rd quarter worth approximately $25,000. Frazier Financial Advisors LLC lifted its holdings in Cardinal Health by 69.8% in the third quarter. Frazier Financial Advisors LLC now owns 253 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares during the period. Hara Capital LLC acquired a new position in shares of Cardinal Health during the 3rd quarter worth $31,000. AM Squared Ltd purchased a new position in shares of Cardinal Health in the 3rd quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of Cardinal Health in the third quarter valued at about $47,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CAH. Citigroup lifted their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Mizuho began coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price target on Cardinal Health from $119.00 to $124.00 and gave the company a “hold” rating in a research report on Monday, November 4th. TD Cowen upgraded shares of Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $144.00 in a research report on Wednesday, January 8th. Finally, Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $145.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cardinal Health has a consensus rating of “Moderate Buy” and a consensus target price of $134.64.

Cardinal Health Price Performance

CAH opened at $130.65 on Tuesday. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $131.00. The business has a 50-day moving average of $121.57 and a two-hundred day moving average of $113.42. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63.

Cardinal Health (NYSE:CAH) last released its earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.26. The firm had revenue of $52.28 billion during the quarter, compared to the consensus estimate of $50.90 billion. Cardinal Health had a net margin of 0.56% and a negative return on equity of 56.56%. Cardinal Health’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 earnings per share. Equities research analysts anticipate that Cardinal Health, Inc. will post 7.82 earnings per share for the current year.

Cardinal Health Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, January 2nd. Cardinal Health’s payout ratio is currently 39.30%.

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.