Stock Yards Bank & Trust Co. Lowers Holdings in Cardinal Health, Inc. (NYSE:CAH)

Stock Yards Bank & Trust Co. lowered its holdings in Cardinal Health, Inc. (NYSE:CAH) by 44.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,836 shares of the company’s stock after selling 3,091 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Cardinal Health were worth $454,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp grew its position in Cardinal Health by 1.5% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock valued at $28,435,000 after acquiring an additional 3,576 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cardinal Health by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock valued at $633,298,000 after purchasing an additional 42,082 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Cardinal Health by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,625 shares of the company’s stock valued at $162,976,000 after purchasing an additional 33,388 shares in the last quarter. Alpha Cubed Investments LLC purchased a new stake in Cardinal Health during the 3rd quarter worth approximately $371,000. Finally, Patton Albertson Miller Group LLC purchased a new stake in Cardinal Health during the 4th quarter worth approximately $258,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Cardinal Health Price Performance

Shares of NYSE:CAH opened at $125.56 on Tuesday. The business has a 50-day moving average of $122.11 and a two-hundred day moving average of $114.53. The firm has a market capitalization of $30.33 billion, a PE ratio of 23.43, a P/E/G ratio of 1.46 and a beta of 0.63. Cardinal Health, Inc. has a 12 month low of $93.17 and a 12 month high of $132.84.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.93 EPS 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, research analysts anticipate that Cardinal Health, Inc. will post 7.92 earnings per share for the current year.

Cardinal Health Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 1.61%. Cardinal Health’s dividend payout ratio is currently 37.69%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CAH shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cardinal Health from $119.00 to $124.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Citigroup upped their price target on Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Barclays lifted their price objective on Cardinal Health from $117.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Mizuho began coverage on Cardinal Health in a research report on Wednesday, December 4th. They set an “outperform” rating and a $139.00 price objective for the company. Finally, Bank of America upgraded shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.64.

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.