Cardinal Health, Inc. (NYSE:CAH) Position Boosted by TrueMark Investments LLC

TrueMark Investments LLC raised its holdings in shares of Cardinal Health, Inc. (NYSE:CAH) by 14.1% during the 4th quarter, Holdings Channel reports. The fund owned 3,583 shares of the company’s stock after purchasing an additional 444 shares during the period. TrueMark Investments LLC’s holdings in Cardinal Health were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Cardinal Health by 4.6% in the third quarter. State Street Corp now owns 14,177,641 shares of the company’s stock valued at $1,566,913,000 after acquiring an additional 627,253 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cardinal Health in the fourth quarter worth approximately $45,115,000. Two Sigma Advisers LP boosted its stake in Cardinal Health by 47.9% during the 3rd quarter. Two Sigma Advisers LP now owns 1,069,462 shares of the company’s stock valued at $118,197,000 after purchasing an additional 346,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Cardinal Health by 230.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 477,911 shares of the company’s stock valued at $52,819,000 after purchasing an additional 333,095 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Cardinal Health by 77.3% in the third quarter. Worldquant Millennium Advisors LLC now owns 593,007 shares of the company’s stock valued at $65,539,000 after buying an additional 258,541 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore ISI raised Cardinal Health from an “in-line” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Tuesday, January 7th. Bank of America raised shares of Cardinal Health from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $145.00 in a research note on Monday, January 6th. Argus set a $148.00 target price on shares of Cardinal Health in a research note on Tuesday, February 4th. Citigroup lifted their price target on shares of Cardinal Health from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, TD Cowen upgraded Cardinal Health from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $144.00 in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Cardinal Health Trading Up 0.9 %

Shares of NYSE CAH opened at $133.91 on Thursday. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $134.86. The business has a 50-day moving average price of $127.96 and a two-hundred day moving average price of $120.48. The firm has a market capitalization of $32.35 billion, a PE ratio of 24.98, a PEG ratio of 1.49 and a beta of 0.66.

Cardinal Health (NYSE:CAH) last announced 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%. Research analysts anticipate that Cardinal Health, Inc. will post 7.95 EPS for the current year.

Cardinal Health Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s dividend payout ratio (DPR) is presently 37.69%.

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.