New Age Alpha Advisors LLC Has $7.18 Million Holdings in Cardinal Health, Inc. (NYSE:CAH)

New Age Alpha Advisors LLC grew its holdings in Cardinal Health, Inc. (NYSE:CAH) by 67,386.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,738 shares of the company’s stock after buying an additional 60,648 shares during the period. New Age Alpha Advisors LLC’s holdings in Cardinal Health were worth $7,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAH. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cardinal Health by 35.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,520 shares of the company’s stock valued at $3,871,000 after purchasing an additional 8,471 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Cardinal Health by 1.5% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 240,422 shares of the company’s stock worth $28,435,000 after buying an additional 3,576 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cardinal Health by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,749,859 shares of the company’s stock worth $633,298,000 after buying an additional 42,082 shares during the period. Consolidated Planning Corp boosted its holdings in shares of Cardinal Health by 40.0% during the 4th quarter. Consolidated Planning Corp now owns 8,926 shares of the company’s stock worth $1,056,000 after buying an additional 2,552 shares during the period. Finally, Flputnam Investment Management Co. grew its stake in Cardinal Health by 1.8% in the 4th quarter. Flputnam Investment Management Co. now owns 180,586 shares of the company’s stock valued at $21,358,000 after buying an additional 3,148 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAH has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Cardinal Health from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $150.00 in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price target on Cardinal Health from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Argus set a $148.00 price objective on Cardinal Health in a research report on Tuesday, February 4th. Mizuho assumed coverage on shares of Cardinal Health in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $139.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Cardinal Health from $136.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Cardinal Health Price Performance

NYSE:CAH opened at $136.90 on Friday. The company has a market cap of $33.07 billion, a PE ratio of 25.54, a PEG ratio of 1.49 and a beta of 0.66. Cardinal Health, Inc. has a one year low of $93.17 and a one year high of $139.81. The firm has a 50-day moving average of $128.16 and a 200-day moving average of $120.59.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Cardinal Health had a negative return on equity of 59.57% and a net margin of 0.59%. On average, equities research analysts expect that Cardinal Health, Inc. will post 7.95 earnings per share for the current fiscal year.

Cardinal Health Dividend Announcement

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 issued a $0.5056 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, April 1st. Cardinal Health’s payout ratio is currently 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.